Latest Stock Market News

Bets on the Federal Reserve calling it a day on its interest rate hiking cycle have been a key driver of buying for weeks as inflation continues to drop while the economy remains robust.

Stocks that were in focus include names like Nazara Tech, which rose 4.66%, Ujjivan SFB, which gained 8.92%, and SBI Card, whose shares fell 0.14% on Monday.

​A bearish reversal scan on the candlestick screener can help ascertain stocks that can slip downwards from an upward zone​

The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

​On the Futures Short Position scan on July 31, 6 Nifty50 counters saw aggressive short covering. In such a scenario, the stock’s cumulative open interest decreases, whereas the price, average traded, and delivered quantity of 5 days increase.​

Reliance Industries and Brookfield Asset Management have signed an initial agreement to develop renewable energy and decarbonisation equipment within Australia. The partnership aims to drive down the cost of manufacturing clean energy equipment in Australia including PV modules, long-duration battery storage and wind energy components.

It’s worth noting that the price-to-book valuation discount of the midcap and smallcap Indices compared to largecap indices, have significantly narrowed, he said.

The yield gap is a sign of how far the market is underpriced or overpriced. A negative yield gap indicates markets are overheating and maybe overvalued if you go purely by the quants.

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.

Since it is the beginning of the new series, Options data is scattered at various far strikes in the monthly series. On the weekly front, the maximum Call OI is placed at 19800 and then towards 20000 strikes.