Latest Stock Market News

This article delves into the significance of RSI in assessing stock movements, particularly in overbought stocks. Examining 16 stocks that experienced bearish or declining RSI while being in the overbought zone, ETMarkets highlights 10 stocks as potential case studies.

"NIM contraction might be very marginal in HDFC Bank. Advances growth should be extremely strong. Again, purely in terms of their advances and deposit growth, the numbers are pretty humongous . All the tech issues are largely behind them. Even if valuations are at a premium, which it has always commanded, the second half numbers should be relatively better."

After a decent opening at Rs 265 on BSE and Rs 262 on NSE at 10 am, JFSL stock soon fell under selling pressure amid block deals. It ended the day 5% lower at Rs 248.90 on NSE and at Rs 251.75 on BSE.

​The metric shows the relationship between two moving averages of prices. For calculating MACD, 26-day EMA is subtracted from 12-day EMA. Further, a 9-day EMA of the MACD called the signal line, is plotted on the top of the MACD, ​

The crossing of the 100-day SMA by Adani Green Energy, Amara Raja Batteries, Blue Star, The Ramco Cements, Nestle India, and Sapphire Foods India on August 18 underscores their robust market performance and growth potential.

The company reported an 11.54% year-on-year (YoY) jump in its June quarter net profit at Rs 261 crore, up from Rs 234 crore reported by the lender in the corresponding period of the previous financial year.

This remarkable surge underscores the resilience and growth potential of these companies, with Cera Sanitaryware, Data Patterns and Esab India taking the lead.

The IPO, with a face value of Rs 2 per equity, is priced in the range of Rs 102-108. The issue consists of a fresh equity of Rs 160 crore and an offer-for-sale (OFS) of up to 17.5 million shares by promoters selling shareholders

“India is going to see a reverse set up from the US and China because of the political cycle. A large amount of largesse from centre as well as at state levels is leaking into the economy and converting itself into food inflation. Indian inflation is going to have a unique feature where it is likely to be stickier at higher level largely because of food inflation.”

This article delves into the concept of RSI, its relevance in assessing stock movements, and how over 30 stocks, including 10 handpicked by ETMarkets, witnessed a downtrend in RSI recently. By exploring these trends, investors can gain insights for informed decision-making.