Latest Stock Market News

The surpassing of the 100-day SMA is a significant event in stock trading, often suggesting changing market dynamics.

The IPO comprises fresh equity of Rs 542 crore and an offer for sale (OFS) of 4.45 million shares. Under the OFS, Devang Vasantlal Gandhi will offload up to 1.25 million shares, Devang Gandhi jointly with Neeta Gandhi will sell 9 lakh units

The Relative Strength Index of the stock stood at 60.33 on Tuesday.

The data was sourced from StockEdge at 1.35 p.m., and the updates from the real-time data could come with a lag. The below data also pertains only to the time at which it was taken.

The non-institutional buyers’ category was subscribed the most at 30.75x, followed by retail investors at 18.55x. The demand from qualified institutional buyers remained muted with just 16% subscription.

Axis Securities is bullish on five largecap stocks from different sectors which can surge up to 30%.

“This should be looked at only from the view of diversification. As it is a thematic product, the proportion should be much lower compared to your overall investments. The reason to look at this is some of these companies which are part of Nasdaq index, are not available for investments in any other format in India.”

“If you want to protect an investor you have to educate them. There is no way to hand over a daily activity to prevent them from doing something which is invoking greed in them. So free money does not exist so you will have to believe that some things which are not too good to be true may not be true in the first place. So, protection can only be the outcome of education.”

The market capitalisation of all listed companies on BSE increased by Rs 1.65 lakh crore to Rs 316.66 lakh crore. The market breadth was skewed in the favour of the bulls. About 2,143 stocks gained, 1,528 declined, and 146 remained unchanged on the BSE

Last week, the capital market regulator announced new guidelines to strengthen the existing cyber security and cyber resilience framework for stock exchanges, clearing corporations, and depositories.