Latest Stock Market News

The stock market witnessed several notable performances as three prominent stocks reached new 52-week highs on October 25.

Several major stocks displayed notable movements by surpassing their 20-day SMA, signaling potential changes in their stock trends.

Such FX transactions that the RBI carries out with banks have a widespread impact on the rupee’s exchange rate, liquidity in the banking system and the trajectory of sovereign bond yields.

Jubilant FoodWorks Q2 profit after tax (PAT) margin declined by 38 bps sequentially to 5.4% while its EBITDA margin came in at 20.9%, lower by 23 bps sequentially. During the quarter, the pizza seller reported a 4.5% YoY rise in its revenue from operations to Rs 1,344.8 crore as compared to Rs 1,286.8 crore in the year-ago period.

In the last 12 months, Tech Mahindra had one of the highest dividend yields on the Street at 4.38% after paying a dividend of Rs 50 per share in the same period. The said interim dividend will be paid on November 21, 2023, to the equity shareholders of the company whose names appear on the register of members of the company or in the records of depositories as beneficial owners of the shares as of the record date.

In this article, we explore stocks that are currently in the overbought zone but exhibit bearish or declining Relative Strength Index (RSI) trends. We delve into the significance of RSI and provide insights for potential investors.

The Nifty Realty index closed 0.96 per cent down at 578.8.

“When the market gets to about 18,500 to 18,400, I will evaluate the market at that point. That will be a decision point for me. It does look like the markets are going to drop below the 2022 low. But at the moment, I will keep that as an evaluator.”

Net interest margin (NIM) increased 15 basis points YoY to 4.11% in the reporting period. However, it was flat sequentially.Operating profit for the quarter rose 12% YoY to Rs 8,632 crore. Fee income rose 31% YoY in the September 2023 quarter to Rs 4,963 crore, while retail fees jumped 38%.

Equity-related outflows were another headwind for the rupee, said Dilip Parmar, a foreign exchange research analyst at HDFC Securities. Overseas investors have sold over $1.19 billion worth of Indian equities in October so far, according to NSDL data.