Latest Stock Market News

"I would not say it is like a sharp recovery, but it is like quarter one was better than quarter four by about 3-4% and similarly, quarter two is better than quarter one by about 3-4%. I think we will continue to see an improvement but it is going to be slow and steady."

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It provides a numerical value between 0 and 100, indicating whether a stock is overbought or oversold.

On September 18, Monday, StockEdge highlighted 25 stocks in the overbought zone with bearish or declining RSI. ETMarkets has shortlisted 10 of these stocks, providing valuable insights for investors looking to navigate challenging market conditions.

The broader NSE Nifty plunged 231 points or 1.15% to end at 19,901. From the Sensex pack, HDFC Bank, JSW Steel, and Reliance Industries were the top laggards, falling 2-4%. UltraTech Cement, Maruti, Tata Steel, and Wipro also ended lower, while Power Grid, Asian Paints, Sun Pharma, Axis Bank, and NTPC closed higher.

“The biggest advantage of portability is that you have continuity of coverages. That simply means whatever coverages you had in your group health plan, more or less similar coverages will move on to an existing individual plan with the same insurer. That is a critical rule which we have to follow that your portability will happen only with your existing insurer.”

The remarkable surge in these large-cap stocks to their 52-week highs on September 20 underscores the strength and potential of the Indian stock market.

In September, nine companies have already launched their issues, while two more IPOs will make their way to D-Street in the remaining part of this month.

Indian frontline indices fell on Wednesday amid selling pressure in bank and energy stocks led by heavyweights HDFC Bank and Reliance Industries.