Latest Stock Market News

RBL Bank share price gains over 4% due to substantial growth in deposits and advances; MRPL gains 12% giving a handsome pole and flag breakout above Rs 81, forming a pattern that may see a target of Rs 92-93. Samvardhana Motherson International opens gap up, jumping 6%, but remains in the range of Rs 88 to Rs 94 throughout the day

The 52-week high is an important milestone for certain traders and investors, serving as a vital technical indicator to assess the present value of a stock and anticipate possible price fluctuations. It signifies the highest price at which a stock has been traded in the preceding year.

Kaka Industries is primarily focused on manufacturing polymer-based profiles which find application in doors, windows, partitions, false ceilings, wall paneling, kitchen cabinets, and other interior works. Its product portfolio has over 1200 SKU’s covering PVC Profile, uPVC door and window profile, WPC Profile, and sheets in various sizes, specifications, and colours.

The S&P BSE FMCG index witnessed a remarkable surge today as several stocks hit new 52-week highs, reflecting the strength of the FMCG (Fast-Moving Consumer Goods) sector in the Indian market.

The Nifty Bank index closed 0.33 per cent down at 45151.8.

The rupee ended down 0.25% at 82.2250 per dollar, compared to its close of 82.02 in the previous session. The currency touched its lowest level since June 15 at 82.2475. There has been a sudden demand for dollars from importers after the rupee failed to move above 81.75 levels on likely intervention from the Reserve Bank of India early this week, traders and analysts said.

The Nifty Auto index closed 1.64 per cent up at 15281.9.

In separate notices, both the exchanges have told market participants that HDFC will be suspended from trading with effect from July 13, (i.e., closing hours of trading on July 12).

Anand Rathi Wealth reached a new 52-week high of Rs 907.5 on July 5. As a renowned wealth management and financial services company, Anand Rathi Wealth provides a comprehensive range of investment and advisory services to clients.

Multiple stocks, including Kaveri Seed Company, GMR Power and Urban Infra, Ultramarine & Pigments, Federal Bank, Goodluck India, IFB Industries, Tata Consultancy Services, Veranda Learning Solutions, Hester Biosciences, and Greaves Cotton, topped their 100-day Simple Moving Average (SMA) on 4 July 2023.