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Trading in a rising channel with a higher high andhigher low on daily scale signaling further up-move.

This is because the US is still the largest economy and one of the growth engines for the global economy. It is also a fact that the economic data from the US points towards a slowing economy but still a robust one in terms of aggregates like production, manufacturing and employment.

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.

Harsha Upadhyaya, the manager of the Rs 14,000 crore fund, shared the investment philosophy followed by the AMC irrespective of the market phases, which has helped consistently outperform.

Gradual up move and Doji formation near its shortterm moving averages hints upward continuation

In addition, the management’s business restructuring plans to increase the share of high-growth RE business would drive sustained improvement in ESG scores.

On the weekly options front, the maximum Call OI is placed at 19600 and then towards 19700 strikes while the maximum Put OI is placed at 19500 and then towards 19400 strikes.

YES Securities maintained a buy rating on Happiest Minds with a target price of Rs 1125. The company reported a slight miss on financial performance for the quarter. Both, the sequential revenue growth and EBIT margin were below estimates.

Promoters held 52.63 per cent stake in the company as of 30-Jun-2023, while FIIs owned 17.48 per cent, DIIs 9.95 per cent.

He noted that while inflation has slowed, a look beyond the headline number revealed that core inflation remained sticky, and as traders parsed the data, the initial positive sentiment became more subdued.