Latest Stock Market News

​Stochastic has been reversing from the overbought zone. This implies that the bearish reversal has occurred and one should sell when the price moves below 80 from the overbought zone.​

Despite the relatively stagnant market, 4 stocks from the BSE Capital Goods index hit new highs within the 52-week timeframe

SBI Life records 18% growth in individual new business premium to Rs 4,060 crore in the first quarter, while the overall new business premium rose 11% to Rs 6210 crore, aided by 18% growth in single premium business.

A total of 3,833 shares changed hands on the counter till 01:49PM (IST)

The buyback will involve 3.33 crore shares or 2.4% of the fully paid-up equity share capital.

​MACD or moving average convergence divergence is a momentum indicator. ​

The BSE MidCap index witnessed an impressive surge today as prominent companies marked new 52-week highs. Notable gainers included Ajanta Pharma, Oberoi Realty, and more, reaching record levels in their impressive journey

Market experts suggest that the current earnings season in India has been lacklustre, neither a big hit nor a miss. While largecaps do better when inflation is high, midcaps and smallcaps might do better this quarter on account of easing commodity inflation pressure. However, the overall upside in the market looks capped for the rest of the year, and it may be time to reduce equity exposure. Consumer discretionary, capital goods, and some autos and cement stocks are starting to look expensive and overbought.

The move is aimed at capital reduction, and the automaker will seek National Company Law Tribunal’s approval for the same, it said. Holders of DVRs have different voting and dividend rights when compared to holders of ordinary shares. Tata Motors had issued DVRs back in 2008 when it did a rights issue.

Nifty ended the trading session on Tuesday with a flat market and formed a small bearish candle, indicating weak bias in the market with choppy movements. Experts suggest a bullish short-term outlook and recommend taking advantage of the intermediate pullback as a buying opportunity, with significant support at 19,615-19,560, and resistance