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A total of 821,094 shares changed hands on the counter till time (IST).

The Relative Strength Index (RSI) is an important tool for analyzing stock movement and identifying potential opportunities. RSI indicates whether a stock is overbought or oversold and helps understand its strength and momentum. A declining RSI may signal a loss of upward momentum, while a high RSI suggests the stock may be overbought. RSI can be used alongside other indicators to validate trading signals and support investment decisions. ETMarkets has picked 10 stocks with declining RSI for further exploration.

The stock quoted a 52-week high of Rs 1088.7 and a 52-week low of Rs 748.95.

Several S&P BSE Smallcap stocks, including ADF Foods, Amara Raja Batteries, Anant Raj, Angel One, The Anup Engineering, Apar Industries, Arman Financial Services, and Arvind, reached new 52-week highs, indicating positive market sentiment. These companies operate in various sectors such as Indian food products, automotive and industrial batteries, real estate development, financial services and wealth management, precision engineering, specialty oils, power transmission conductors, microfinance and SME loans. They are known for their strong performance and diverse portfolios in their respective industries.

The initial public offering (IPO) of PKH Ventures has received a moderate response, with the issue being subscribed 21% so far. The retail category garnered 21% subscription, while the non-institutional portion received 30%. However, the part reserved for qualified institutional buyers (QIB) was subscribed just 11%. Market analysts have mixed views on the IPO, citing high valuations as a concern. The IPO comprises a fresh equity issue of up to 1.82 crore shares and an offer for sale (OFS) of up to 73.7 lakh equity shares. The company is offering its shares in the price range of Rs 140-148.

“If you are prudent and you have been in the stocks which we have been playing, this is a very good time to book some profit but get more into midcaps because the colour is changing. The market breadth is broadening and who knows midcaps again can be a lot of value plays.”

The stock quoted a 52-week high price of Rs 113.95 and a 52-week low of Rs 83.0.

​​So, yes, I think no signs of demand revival yet and this is where we believe there could be a risk to the top end of the guidance given by the companies like Infosys and HCL who give their annual growth guidance. So, yes, no green shoots yet.

Market sentiment derived from options can be assessed using the Put-Call Ratio (PCR). There are two types of PCR: volume-based and open interest-based. The volume-based PCR provides short-term analysis, while the open interest-based PCR gives longer-term insights. Traders use the PCR as a contrarian indicator, with a ratio above 1 suggesting bearish sentiment and a ratio below 1 suggesting bullish sentiment. The Option Chain is another tool that traders use to gauge market sentiment by analyzing factors such as open interest, volume, bid-ask spread, and implied volatility. The Max Pain theory suggests that the price of the underlying asset tends to settle near the option strike price where option writers minimize their financial gain.

​​So naturally, people have now larger exposure, even in debt for the Indian economy. That is where basically they may want to have hedging instruments, like corporate bond index futures or even government bond futures.