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On Thursday, gold traded lower with spot prices in the Delhi market at Rs 59,300 per 10 grams, down by Rs 300 from its previous close, Dilip Parmar, research analyst at HDFC Securities, said.

This article sheds light on the concept of RSI and its significance in assessing stock movements, with a focus on ten stocks that have entered the overbought zone. As data from StockEdge revealed over 50 such stocks, and ETMarkets selected 10, we delve into why RSI matters and how it can empower investors to make informed choices.

Sector-wise, buying was seen in consumer durables, and mid & smallcap stocks while utilities, energy, capital goods, and oil & gas witnessed heavy selling.

Bharti Airtel’s payments banking arm also reported a 143% on-year jump in net profit to Rs 5.1 crore in the April-June quarter, helped by strong growth in its transacting user base and gross merchandise value (GMV). Annualised revenue was upwards of Rs 1,600 crore.

In the past 12 months, the company has declared an equity dividend amounting to Rs 4.30 per share, resulting in a dividend yield of 2.41%

A select group of companies achieved the significant feat of crossing their 50 SMA, marking a noteworthy development in their stock performance.

​For example, they will call your family member and say that I am in trouble. I am being arrested by the cops and please talk to my lawyer. And that conversation is AI and then as you transfer the call to the lawyer, lawyers criminals and then they will convince your parents or your grandfather or grandmother that yes he is in trouble and you need to pay money to them that is one of the latest ones.

“Investors with a medium term view, having a five year, 10 year horizon in investing in these kinds of spaces is what we are looking forward to. And it is very difficult to talk about returns in the future but directionally I think the area is very interesting is what makes us confident of the construct of the product. ”

The market capitalisation of all listed cos on BSE declined by Rs 56,290 crore to Rs 303.92 lakh crore. The market breadth was skewed in the favour of the bulls. About 1,836 stocks gained, 1,742 declined, and 162 remained unchanged on the BSE.

Promoters held 0.0 per cent stake in the company as of 30-Jun-2023, while FII and DII ownership stood at 17.19 per cent and 13.04 per cent, respectively.