Latest Stock Market News

HCL Technologies reported a nearly 8% year-on-year (YoY) rise in consolidated net profit for the June quarter at Rs 3,534 crore.

Several BSE SmallCap stocks reached new 52-week highs on July 13, including Ashiana Housing, Birlasoft, CCL Products, CMS Info Systems, Craftsman Automation, Datamatics Global Services, Data Patterns, and DB Corp. Ashiana Housing is a residential and commercial real estate developer, while Birlasoft is an IT company that offers digital solutions.

On July 12, 2023, several stocks have crossed their 50-day Simple Moving Average (SMA), indicating positive momentum and potential for further growth. These include IT services provider Sonata Software, Railway consultancy firm Rites, plumbing systems manufacturer Astral, consumer goods company

The Nifty IT index closed 1.75 per cent up at 29628.2.

The retail portion of the IPO was subscribed 26.6 times, while that of NIIs was subscribed 16.58 times. The subscription for the QIB category, which was muted on Day 1, stood at 1.45 times on Day 2.

The Relative Strength Index (RSI) is a technical indicator that measures recent price changes in a stock, helping investors analyze stock movements to make informed investment decisions. A reading above 70 indicates overbought conditions, and below 30 suggests oversold conditions.

The list includes two Tata group companies along with new-age stock PB Fintech

After Tata Consultancy Services (TCS) reported a higher-than-estimated June quarter profit on Wednesday.

The previous 1,000-point milestone from 64,000 to 65,000 was achieved in just 3 trading sessions. The two peaks of 63,000 and 64,000 had taken 278 days and 144 days, respectively.

The Nifty Realty index closed 1.02 per cent up at 533.6.