Latest Stock Market News

The domestic markets saw a rise for the second consecutive week, with RailTel, TVS Motor, and IREDA among the top gainers. Technical Analyst Pravesh Gour provided insights on these stocks, mentioning their positive technical indicators and potential future gains. Key support and resistance levels were also discussed.

The 200-day DMA is used as a key indicator by traders to determine the overall trend of a stock.

The daily chart shows a small red candle with a smaller body and weakened momentum over the past two days. The Nifty is currently in the gap zone from early August and needs a momentum boost to close above the 25,000 resistance level to advance further.

Analysts predicted a higher opening for the Indian market on Monday due to positive global cues. The Nifty futures ended with a 0.06% gain at 24,854. The options data pointed to a trading range between 24,600 to 25,000 levels. Among the recommended stocks were Samvardhana Motherson, Indian Oil, and Bharti Airtel.

The boards of Technocraft Industries (India) and Suprajit Engineering have announced share buybacks of Rs 130 crore and Rs 112 crore, respectively, with August 27 as the record date. To participate in these buybacks, investors must purchase shares today to ensure their names are listed in the company records as of the record date, August 27.

DLF Ltd. key Products/Revenue Segments include Property Development, Rental Income, Other Operating Revenue and Royalty Income for the year ending 31-Mar-2023.

Stocks in news: The domestic market edged higher for the second week, moving closer to record highs. Key shares like Trent, BEL, and LTIMindtree attracted attention due to index changes. Transport Corporation announced its first equity buyback. Ambuja Cements experienced significant block deals. Ashoka Buildcon won an MMRDA project. Several other companies also highlighted important developments.

After a periodic scare, the global markets have adopted an upward momentum, showcasing signs of recovery from previous lows. However, while other markets (equity for example) show resilience based on the expectation of a Federal rate cut, the crypto market is yet to register a prolonged upward boom.