Latest Stock Market News

The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock.

Since most of the Fed members are concerned about inflation, the possible next move by the US Fed might be to raise interest rates further which will lead to a stronger dollar and in turn fall in commodities including crude oil.

The market has seen a leg up in the last 4 months, after almost 18 months of consolidation. The market might revert to being consolidated in the mid-term.

A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond.

​On the Futures Short Position scan carried out on August 23, some Nifty50 counters saw aggressive short covering. ​

"Whenever we have seen a change of management like this, it has worked positively for shareholders. Look at what happened in JB Chemicals, and even then UniChem. All the acquisitions which have taken place in the pharma industry have been very positive for both the acquirer as well as the acquired company. They also have been able to unlock a lot of synergy. So I am very positive on this particular development in Cipla, being a shareholder and a disclosure, we and our clients are invested in it."

“Nifty formed a dragonfly Doji sort of candle on the daily frame on Wednesday with long lower shadow indicating support-based buying and has been making higher highs from the last three sessions,” he said.

Among Sensex stocks, L&T, Tech Mahindra, JSW Steel, and Infosys opened with gains, while only Jio Financial Services and NTPC opened with losses.

"I find a strong logic in buying an NTPC or a Tata Power. NTPC being the largest power utility in the country, they have pivoted very well from traditional energy to becoming a green energy power generator. They have fantastic back-end and front-end integration. And the performance has been consistently improving. The price also has moved up."

"The good thing to look forward to now for the banking sector is a revival in credit growth. Not just revival, actually credit growth will start posting hitherto never seen kind of growth. Probably the growth rate will be in excess of 15% or thereabout. Along with credit growth, one has to be a little careful because the banks have actually reached the bottom of the NPA cycle. "