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ETMarkets has handpicked 10 stocks from this list, offering valuable insights for potential investors to make well-informed decisions. The article emphasizes the significance of understanding RSI and highlights the importance of caution when dealing with overbought stocks.

Auto sales are rising sharply due to the pent-up demand caused by the Covid effect, but many auto companies have not met expectations in terms of results. For the year ahead, the automobile industry may find growth more challenging, with a muted volume and profitability growth. On the other hand, electronic manufacturing services have seen strong growth, driven by the new PLI scheme and a sharp increase in demand for electronic components and items.

Spot gold prices in the Delhi markets traded at Rs 60,430/10 grams, up by Rs 80 per 10 grams against the previous close, Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.

The Relative Strength Index (RSI) is a crucial tool in evaluating stock movements and identifying potential reversals in momentum. Stocks with declining RSI trends while being in the overbought zone indicate the possibility of a bearish trend. ETMarkets has selected ten such overbought but bearish stocks based on a StockEdge report.

The market breadth was skewed in the favour of the bulls. About 2,070 stocks gained, 1,491 declined, and 167 remained unchanged on the BSE

​Just in a couple of decades or even less than a couple of decades, a decade or a little more, the perception of India in the global landscape has changed dramatically.

As a result, many investors offload their positions and suffer decapitating losses in the process. Instead of adopting such a reactionary approach toward equity investing, retail equity investors ought to follow a few simple steps to utilise such downward cycles to strengthen their stock portfolio.

The BSE Metal Index witnessed a momentous surge today on August 1 as five prominent metal stocks, namely APL Apollo Tubes, Jindal Steel & Power, JSW Steel, National Aluminium, and SAIL, soared to their respective new 52-week highs.

INDIA-MARKETS/INDIA RUPEE-Rupee ends mostly flat; ignores dollar strength, weak Asia FX

Sector-wise, IT and telecom stocks witnessed heavy buying, while selling was seen in realty, infra, power and healthcare stocks. Stock-specific action was seen in KIOCL, which closed with gains of nearly 15% to hit a fresh 52-week high; Exide Industries that rose over 5%, and Bharat Forge that pared gains after hitting a 52-week high