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August 10, 2023, saw a notable market development as several mid and large cap stocks surged above their 20 Simple Moving Averages (20 SMA), signaling a positive momentum shift and showcasing growth potential within this segment.

On August 11, Friday, Trendlyne reported an intriguing trend - more than 40 Nifty50 stocks witnessed the formation of the Golden Crossover. ETMarkets has singled out ten stocks from this group that are worth exploring. These stocks have experienced the Golden Crossover, indicating a potential shift in their price momentum

It will also enable the bank to offer to its wider customer base, a full suite of financial products like life insurance, general insurance, health insurance, and investment products like mutual funds, by leveraging the strength of major entities like HDFC Ergo, HDFC Life and HDFC Mutual Fund, which now come into the Bank’s fold, as a result of the merger, he said.

India VIX was up by 1.07% from 11.40 to 11.52 levels. Volatility inched higher and caused some discomfort to the bulls

HDFC AMC has the highest promoter holding of over 52% and the asset management company’s promoters divested a 10% stake in the firm. Take a look at the companies that saw promoter sales in Q1.

Finance Minister Nirmala Sitharaman also told Parliament on Thursday that PSU banks are now able to work with professional integrity and without political interference

"This year we are taking on a big digital transformation project for the entire operation of LIC. This digital transformation project will take time but the process has been , already initiated. Besides that, we have also taken a project of customer on-boarding through digital mode, says Mohanty. He also says "we want IDBI to continue with us as our banker partner. So for that whatever stake is required to be held in IDBI, that we will definitely hold."

"The headline number on the inflation side is expected to shoot up and at the same time on the global front also we now have a very clear messaging from the Fed that the rates are going to be higher for longer and it is in anticipation of that higher number of inflation that the market was building the possibility of a rate hike. It is in that context that RBI has guided for a possibility of a rate action if there is a generalisation of that inflation."

"BFSI and mid-tier capital goods sectors will perform well in a good economic environment. The BFSI sector will see growth of credit, especially amongst NBFCs who are providing digital initiatives. Some unique consumer durables are emerging which is a new and exciting space. Additionally, IT has some value, while QSR consumption, specialty chemicals, and IT are the three sectors where values are emerging ."

The home care category grew by 14%, led by the performance of household insecticides which saw a double-digit volume and value growth. The air fresheners category has also been consistently delivering strong double-digit growth, the company filing said.