Latest Stock Market News

Several stocks from the S&P BSE500 index, including ABB and Coforge, reached new 52-week highs, indicating a bullish sentiment in the market. Aditya Birla Capital, Amara Raja Batteries, Apar Industries, Birla Corporation, CCL Products, Cummins India, and Cyient also experienced significant increases in their stock prices, reaching new 52-week highs. These updates were sourced from BSE at 1:50 pm and may come with a lag.

While the Sensex closed at 64,718, up 803 points or 1.26%, the broader Nifty50 finished at 19,189.05, higher by 216.95 points or 1.14%.

Cummins India, Ashok Leyland, and IDFC First Bank are expected to be included in the MSCI India Standard Index in September, which could result in significant inflows from passive funds. Emkay Global Financial Services predicts inflows of $108 million, $134 million, and $101 million, respectively, for these stocks.

The Relative Strength Index (RSI) is a crucial technical indicator for analyzing stock movements. It helps investors identify potential shifts in stock momentum. Stocks that are in the overbought zone with bearish or declining RSI trends may indicate a possible reversal or slowdown in price appreciation. In this article, ETMarkets explores 10 such stocks that are currently in the overbought zone with bearish RSI trends. The RSI is a widely used momentum oscillator that ranges from 0 to 100, providing insights into whether a stock is overbought or oversold.

"Gold slightly recovered from three-month lows on Friday, with spot gold prices in the Delhi markets trading at Rs 59,030/10 grams, up by Rs 80 per 10 grams," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.

The benchmark 7.26% 2033 bond yield ended at 7.1166%, dropping 20 basis points for the first quarter of the financial year and also posting its biggest fall since the three months ending June 30 2020, when it witnessed aggressive policy easing.

Alphalogic Industries is set to launch its IPO on July 3, with the offer closing on July 6. The IPO consists of a fresh equity issue of up to 13.41 lakh equity shares, with a price band of Rs 96 per share. The company, which is engaged in the design and manufacturing of storage systems, has recorded revenues of Rs 18.23 crore and net profit of Rs 2.19 crore for the year ending March 2023.

Nuvama Wealth Management will be removed from the FTSE Global Smallcap index, according to FTSE Russell. The company, which recently demerged from Edelweiss Financial Services, has not started trading on the stock market yet. Therefore, the global index aggregator made the decision to remove Nuvama from the smallcap index. Nuvama aims to triple its client assets and base by 2028 and expand its presence in more cities and offshore markets.

Top 10 index heavyweights must rise up to 34% to reclaim their all-time high levels, shows this analysis by ET NOW.

The Relative Strength Index (RSI) is a vital tool for analyzing stock movement and identifying potential opportunities in the market. This article highlights 10 stocks that have experienced a decline in RSI, indicating a potential change in momentum. RSI values range from 0 to 100 and provide insights into whether a stock is overbought or oversold. A downward trend in RSI suggests that selling pressure may be increasing, which could lead to a price correction or temporary pullback. It is essential to conduct thorough research and seek personalized guidance from financial advisors before making investment decisions.