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The index is up about 40% this year, largely due to the performance of a handful of megacap stocks including chip-maker Nvidia, whose shares have tripled this year thanks in-part to excitement over advances in artificial intelligence

"The Board considered and declared an interim dividend of Rs 110 per equity share of face value of Rs 10, for the financial year ending 31 March 2024," the company said in a filing.

Finance Minister Nirmala Sitharaman acknowledges supply side mismatches are affecting commodity prices and emphasizes efforts to ensure improved supplies reach people. Tomato prices have already crashed, causing farmers to not even recover their input costs. A group of ministers regularly addresses these issues and measures have been taken, such as procuring tomatoes from specific areas and providing subsidies for Ujjwala consumers.

"Given relatively cheaper valuations, go for consumer durable stocks . Also, in the textile space, we have seen a lot of value destruction with falling cotton prices. Now there is a lot of improvement in spreads and and we should be getting good traction going forward. In various sectors like auto ancillary, engineering etc, companies affected by specific events are bouncing back and we should look at those kinds of stock specific sectors."

In this article, we explore the significance of the Relative Strength Index (RSI) and its role in stock analysis. On September 14, Thursday, StockEdge identified 11 stocks with declining RSIs, and ETMarkets selected these stocks for a closer examination, providing insights for potential investors

In the global markets, gold and silver were trading higher at USD 1,916 per ounce and USD 23.02 per ounce, respectively.

For the three months ended June 2023, revenue from operations stood at Rs 508.9 crore and net profit was Rs 19.24 crore. In FY23, revenue rose nearly 20% year-on-year to Rs 2,027 crore, while profit jumped 61% to Rs 71.5 crore.

From the Sensex pack, M&M, Bharti Airtel, Tata Motors, Tech Mahindra, and HCL Tech closed with gains, while HUL, Asian Paints, Bajaj Finserv, NTPC, ITC, and L&T closed with losses