Latest Stock Market News

The Relative Strength Index of the stock stood at 60.0 on Thursday.

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.

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.

As a result, India is not as expensive as it was both in absolute terms and relative to the region. On a Bloomberg consensus estimates the benchmark Nifty50 is currently trading at 12-m forward PE of 20x, near 5-year and long-term averages.

​This means the average traded quantity of the stock for 5 days along with its cumulative open interest has increased whereas the price has decreased. Here are 3 stocks displaying such a trend:​

​But I think that now we are pricing in more rate hikes from the Bank of England to curb inflation because after all the target is still 2% and we have a long way to go.

India VIX was down by 0.94% from 11.71 to 11.60 levels in the previous trading session. Volatility cooled off slightly and gave comfort to the bulls to cheer the indices at lifetime high zones. On the weekly options front, the maximum Call OI is placed at 20000 and then towards 19900 strikes while the maximum Put OI is placed at 19800 and then towards 19700 strikes.

Gains picked up after Asia’s biggest software services exporter Tata Consultancy Services Ltd. last week reported better-than-expected profits for the latest quarter. Its shares climbed, along with those of peers including Infosys Ltd., which is scheduled to report today.

Persistent FPI inflows have supported the rally in the blue-chip Nifty 50 and S&P BSE Sensex, driving the benchmarks to record highs. The Nifty 50 rose nearly 2% in the first half of July.

From the Sensex pack, Infosys, HCL Tech, UltraTech Cement, Nestle, TCS, and Tech Mahindra opened with cuts, while Power Grid, IndusInd Bank, ICICI Bank, Sun Pharma and Tata Steel opened with gains.