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The local unit fell to its lifetime low of 83.2950 on Wednesday but recovered to open at 83.2250 on Thursday as U.S. Treasury yields fell and the dollar softened after the Federal Reserve left rates unchanged.

In the world of stock market analysis, the Relative Strength Index (RSI) serves as a vital compass. ETMarkets brings you insights into stocks that have ventured into the overbought zone. We explore what RSI means and spotlight five stocks – Angel One, CreditAccess Grameen, Swan Energy, BSE Ltd., and Multi Commodity Exchange of India Ltd. – currently in this territory.

Shares of Adani Power jumped nearly 7% in intra-day trade to their day’s high of Rs 390 on NSE after the company reported an 848% growth in its profit for the September 2023 quarter at Rs 6,594 crore.

During this rally, 6 large and midcap stocks managed to hit new 52-week highs.​

Recent data for the September quarter reveals that Kacholia has publicly disclosed his investments in around 45 stocks.

Sequentially, the fall in the bottomline was steeper at over 66%, and the topline dropped by more than 11%. While both the topline and bottomline saw a sharp fall in the quarter, the operational performance was good, with consolidated earnings before interest, taxes, depreciation and amortisation or EBITDA rising 30% YoY to Rs 2,430.29 crore.

Berger Paints India on Thursday reported lower-than-expected second-quarter earnings, as a weak monsoon and delayed festivities offset cooling raw material costs.

Exceeding the 50-day SMA is often seen as a bullish signal, suggesting potential short- to medium-term growth. On November 1, several midcap stocks displayed an encouraging sign as they surged above their 50-day SMA, hinting at possible bullish momentum.

The stock traded at a P/E multiple of 13.75, while the price-to-book value ratio stood at 1.49.