Latest Stock Market News

In the current fiscal year FY24, the S&P BSE Midcap index has significantly outperformed the benchmark Sensex. The midcap index has witnessed a remarkable 32% surge, while the Sensex has experienced a modest gain of 10.5%.

In an extraordinary day for the stock market, several small-cap stocks achieved remarkable milestones by reaching new all-time highs on October 5.

On October 4, Wednesday, StockEdge identified 20 stocks in the overbought zone with declining RSI trends. In this article, ETMarkets explores the significance of RSI and highlights 10 stocks that warrant investor attention.

The global Brent benchmark fell below $85 for the first time since late August, while West Texas Intermediate slid below $84 after slumping the most since September last year on Wednesday. Crude’s drop followed a plunge in gasoline after US data showed stockpiles surged in the US and demand fell.

The initial public offering (IPO) of Committed Cargo Care will open for public subscription on October 6. The issue closes on October 10. Here are 10 things to know about the offer.

The Relative Strength Index of the stock stood at 42.95 on Thursday.

On the technical charts, the 200-day moving average of the stock stood at Rs 233.85.

Indranil Sengupta of CLSA India believes that the Federal Reserve (Fed) is done hiking rates, and if they hike once more, the RBI will also hike rates. However, high real policy rates have historically led to slowing US growth or even recessions. Sengupta expects the RBI to cut rates in December if the Fed is done, or in February if the Fed hikes. He also dismisses concerns about inflation, attributing it to uneven rains.

According to Kotak Securities banks and financials continue to remain exceptions as they trade at relatively reasonable levels. One should follow a stock-specific approach based on the fundamental merits of the stock, the brokerage said.