Latest Stock Market News

“FII flows have come back with the same or even higher speed at which they moved out. DII flow will come back as the market starts having a good experience. Domestic investors are selling either to increase cash levels a little bit or to do a little bit of profit taking when the market is running too fast.”

A total of 4,624 shares changed hands on the counter till 11:33AM (IST)

RIL has fixed July 20 as the record date to determine eligible shareholders for the allotment of shares of the demerged entity. Shareholders of RIL will get 1 share of the demerged entity for every 1 share held by them in the conglomerate.

It is trading at an all-time high level, indicatingfurther bullishness from hereon.

Brokerage firm Goldman Sachs maintained a buy rating on IndusInd Bank, HSBC initiated coverage on Titagarh Wagons with a buy rating, Jefferies recommended a buy on Polycab and CLSA maintained a buy rating on ICICI Lombard.

While mutual funds marginally reduced their holdings in One97 Communications and PB Fintech, money managers have overall held a positive view on both the stocks. Last month, barring Delhivery, all other stocks gave double-digit returns to investors.

Gold futures on the MCX have gained by 2.78% or Rs 1,619 per 10 grams on a month-to-date basis, Gupta said. They are up by 8.77% or Rs 4,822 on a year-to-date basis, he added. Meanwhile, silver futures have gained nearly Rs 6,125 or 8.75% in value terms in July while rising 9.77% or Rs 6,775 on a YTD basis, the IIFL analyst said.

A total of 300,984 shares changed hands on the counter till 10:26AM (IST).

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. This occurrence may be seen as a bullish sign, indicating the potential for further upward movement in the stock.