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The Nifty Auto index was trading 0.32 per cent up at 15477.45.

According to Trendlyne Data, Canara Bank, Federal Bank, Equitas Small Finance Bank, and Indian Bank are the top banks that saw a decrease in NPA in Q1FY24.

Mahindra Lifespace Developers, incorporated in the year 1999, is a Small Cap company (having a market cap of Rs 8423.49 Crore) operating in Real Estate sector.

The stock quoted a 52-week high of Rs 1408.0 and a 52-week low of Rs 1092.0.

A total of 2,125 shares changed hands on the counter till 10:30AM (IST)

Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside.

​This means the average traded quantity of the stock for 5 days along with its cumulative open interest has increased whereas the price has decreased​

A breakout from a descending channel can be visible on a weekly time frame. However, confirmation on a closing basis will be awaited. The big volume bar from short-term EMA support and the MACD indicator getting into the bull zone calls for a trend reversal.

The demerger process was successfully completed following the approval from National Company Law Tribunal (NCLT) on April 27, 2023, which came into effect on May 18, 2023. Shareholders of Edelweiss Financial Services have received their allotted shares of Nuvama Wealth Management, making them shareholders of Nuvama.

We’d say the rate action was largely on expected lines, the Reserve Bank of India hiked the interest rate by 250bps since the tightening cycle began in May 2022.