Latest Stock Market News

​Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside.​

The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock.

Indian benchmark indices Sensex and Nifty closed lower after a volatile trade, with Sensex dropping by 284 points to settle at 63,238.89 and Nifty falling by 85 points to18,771. Delhivery lost 1.89%, L&T Finance fell by 2.39%, and APL Apollo Tubes rose 4% on Thursday. Kotak Securities Technical Research Analyst, Amol Athawale, suggests buying Delhivery stock above 400, buying L&T Finance stock on dips, and buying APL Apollo Tubes above Rs 1330 to encourage an uptrend rally up to 1450, suggesting selling if it drops below 1330.

A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.

But if investors focus on the big picture and India’s long-term growth story, they could excel and create substantial wealth. So, we had chosen this theme: RISE UP -> Reimagining the India Story – Excel in Uncertain Periods.

With positive economic indicators, increased manufacturing activity and higher government spending, there will be support to corporate earnings going forward to sustain this market rally.

Five stocks, including Punjab National Bank, RBL Bank, L&T Finance Holdings, Bharat Heavy Electricals and Hindustan Copper, will be under F&O trade ban on June 23 except in the cash market. RBL Bank is the latest addition to the ban list. A stock enters the ban period once the open interest on it reaches 95% of the market-wide positions limits and the ban is lifted only after the open interest falls below 80%. The Sensex and Nifty50 indexes ended Thursday higher, with the Nifty Bank down 0.31% at 43,724.85.

Oil prices are not changing significantly, yet they are expected to drop by 3% for the week due to concerns over fuel demand caused by the unexpected interest rate hike in the UK and the anticipation of US rate hikes. Brent crude futures dipped by 0.1% to $74.07 a barrel while US West Texas Intermediate reduced by 0.2% to $69.40 as of 0026GMT. Despite an unanticipated decline in US oil stocks, the UK rate hike inflicted more damage on the global commodity market, prompting fears of economic slowdown and reduced fuel demand.

The US dollar gained support from risk aversion as hawkish comments from global central banks sparked concerns that monetary tightening could lead to a deeper economic downturn. Although higher rates are typically supportive for currencies, there are concerns they could trigger a recession, leading some investors to seek safe-haven assets such as the US dollar. Sterling struggled to hold gains from a larger-than-expected 50-basis-point rate rise from the Bank of England in response to inflation, and was set for a weekly loss of over 0.5%. Meanwhile, the Australian and New Zealand dollars fell amid the volatility.

Bupa is likely to pick up as much as 15-20% stake from True North, at a valuation of ₹11,000-12,000 crore, the sources said. Bupa currently holds a 44.42% stake in the health insurer. Indian insurance sector regulations permit foreign investors to hold up to 74% stake in an insurance company.