Latest Stock Market News

In July, Al Jazeera had reported that Bank of Baroda officials had linked bank accounts to unrelated mobile numbers to achieve stiff targets to get customers to join the app.

A total of 16,221 shares changed hands on the counter till 10:56AM (IST).

Discover the importance of the Relative Strength Index (RSI) in assessing stock movements as we explore 8 stocks trading in the overbought zone with declining RSI trends. ETMarkets investigates the significance of RSI and its implications for potential investors.

The IPO raised about $1.48 billion based on 32.3 million shares sold and values the company at about $9.3 billion on a fully diluted basis.

RSI or the relative strength index computes the ratio of the recent upward traction in the stock price movement relative to its absolute price movement.

“The longer term trend in investing in India is quite positive. A lot of people, who like me, never thought of making a separate allocation into India in a big way, both in private markets and public markets, are contemplating thinking about those allocations. That foretells a good trend for India from an investment and foreign flow standpoint.”

“The domestic consumer space is muted on the rural side, doing quite well on the urban and especially higher on the luxury segment. That is where the positioning will be for any portfolio, by and large, domestic focused, especially on the higher end of the consumption curve. The current positions are very overweight in terms of defence, railways and government infrastructure. ”

India VIX was down by 1.14% from 11.40 to 11.27 levels on Tuesday. Volatility cooled off and comforted the bulls.