Latest Stock Market News

The Dow Jones Industrial Average rises 21.29 points at the open to 34,667.28

An analysis by ETMarkets shows the smallcap stocks which are held by the most number of mutual fund schemes.

In the largecap segment, selling was prominent in the consumer space. Pidilite Industries, Marico, Berger Paint, Tata Consumer Products, and Trent were among the largecap bets that saw the highest selling by MFs last month, according to a report by ICICIdirect.

This article explores why 10 stocks have witnessed a decline in RSI and why assessing stock movements based on RSI is crucial. Join us as we analyze these stocks, offering insights for potential investors in their decision-making process.

Although selling pressure emerged from near 20,100 levels, there is no confirmation of any top reversal pattern forming at the new highs. But, a decisive up move above the 20,100-20,150 level is expected to bring more upside towards 20,350-20,450 levels in the near term. Immediate support is placed at 19,950 levels, said Nagaraj Shetti of HDFC Securities.

The investment by global funds only adds steam to the SME IPO market, where some of the issues have seen record subscription numbers and delivered solid listing gains

Ahead of the issue opening, SAMHI Hotels shares are commanding a premium of Rs 35 in the unlisted market, while the GMP of Zaggle Prepaid is around Rs 40.

After Tuesday’s correction in the small and midcap space, many pharma stocks gave a good up move by forming a new all-time high on Wednesday. Ajanta Pharma gave an excellent breakout in daily and weekly timeframe but gave back gains in the second half