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As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

Gold prices struggled for a clear direction on Wednesday, as traders awaited comments from a slew of Federal Reserve officials this week to assess how soon the U.S. central bank may start cutting interest rates.

The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.

A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.

Pradeep Gupta says the interim budget for the 2024 general election serves as both a financial plan and a manifesto of moderation. It reflects a governance ethos that prioritizes steady growth over sporadic spurts. The budget focuses on the whole of the nation, with special emphasis on youth, women, the poor, farmers, and the middle class. It balances growth and stability, innovation and employment, investment and savings, while keeping an eye on the long-term goal of a developed India.

Marzban Irani, CIO of LIC Mutual Fund Asset Management, discusses the growth of the mutual fund industry, with a focus on the increase in equity inflows and the crossing of the 50 trillion mark in Average Assets Under Management (AAUM). He predicts that inflows will continue to rise, particularly as investors take tactical calls. The industry is also seeing penetration into small towns, driven by awareness campaigns. Irani expects this year to be favorable for debt instruments due to expected interest rate declines.

Rashi Peripherals IPO: Ahead of the IPO opening, the company has raised Rs 180 crore from anchor investors, where White Oak Capital, Ashoka India, ICICI Prudential, Volrado Ventures among others invested.

Bharti Airtel Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 682382.89 Crore) operating in Telecommunications sector.

Among the Sensex stocks, Axis Bank, SBI, Asian Paints, Titan, and M&M were the top gainers, rising 1-2%. Power Grid, Infosys, Wipro, HCL Tech, and Tech Mahindra opened lower.

Positive setup was seen in stocks like SAIL, BPCL, OFSS, Ipca Laboratories, IOC, HPCL, Petronet LNG, Zydus Life, MGL, NALCO, TCS, Maruti Suzuki India and ONGC.