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“In largecaps, the element of passives is becoming a lot more popular with investors. That explains the trajectory of net flows becoming negative in these categories. It is just a natural consequence of flows that keep moving from fund categories that have performed in near term. In 3-6 months, people will diversify from smallcaps to multi-cap and flexi-cap.”

​If you are a fresher, if you have just started trading like a lot of Gen Z after the 2020 market sudden rise, I noticed a lot of people entering the market and especially they wanted to trade, make quick money rather than just invest for a long term.

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"We see that a lot of women give up or delegate this responsibility maybe to a male member in the family. It could be a father, brother or sometimes it could just be a good friend or alternatively all the money that they have earned or saved is kept in assets or in places which are non-inflation beating."

"In the last many months, the US has been witnessing a lot of shortages on the injectable side and within the injectable space, there are three-four companies from India which can participate in that. Gland Phama is also one of the participants in that and a big beneficiary. Perhaps, the market is also trying to build that only because otherwise the numbers were not so extraordinary to warrant 30-40% move in a span of two days."

Gold drops Rs 70; silver tumbles Rs 400

Updated at : 2023-08-09 17:25:01

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Gold price fell by Rs 70 to Rs 60,050 per 10 gram in the national capital on Wednesday amid a decline in rates of the precious metal overseas, according to HDFC Securities. In the previous trade, the yellow metal had settled at Rs 60,120 per 10 gram.

Linde India, Zomato among 10 stocks with bearish RSI

Updated at : 2023-08-09 17:25:01

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Delve into the intriguing interplay between stock trends and Relative Strength Index (RSI) readings as we explore a unique subset of the market. This article dives deep into the fascinating world of stocks trading in the overbought zone with bearish RSI trends. We analyse the RSI movements of 10 carefully selected stocks, providing investors with insights into the potential dynamics at play.

Stock market update: Nifty Auto index advances 0.93%

Updated at : 2023-08-09 17:25:01

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The Nifty Auto index closed 0.93 per cent up at 15486.2.

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On August 9, Trendlyne reported that over 40 Nifty 50 stocks had witnessed the formation of the Golden Crossover. Among these, ETMarkets has carefully selected 10 stocks to explore this pattern and delve into its significance.

The company said its flagship hair oil brand Almond Drops registered growth of 9 per cent, which was distributed across packs in Q1, while the coconut and amla portfolio continued to scale up as planned with an increase in market share.

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The RSI is a versatile momentum oscillator that plays a key role in evaluating the speed and direction of price movements. Ranging from 0 to 100, RSI helps investors identify both overbought and oversold conditions. An RSI reading above 70 indicates that a stock might be overbought, potentially setting the stage for a price correction, while an RSI below 30 suggests an oversold condition with potential for an upward reversal

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