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"The market was supported by stocks that reported strong results. The first-quarter corporate earnings season overall was very strong," said Shoichi Arisawa, general manager of the investment research department at IwaiCosmo Securities.

A total of 6,353 shares changed hands on the counter till 12:54PM (IST).

An interesting thing to note is the section that is attracting retail money the most on Dalal Street. Retail investors are overwhelmingly present in mid-and small-cap stocks, a segment that risk-taking institutional investors typically stay away from. As of June end, the top 10 companies where retail holding was the highest are Ujaas Energy, Sintex Plastics, Visagar Polytex, Antarctica, Vikas Lifecare, Urja Global, MPS Infotecnics, Ortin Laboratories, Rolta India, Reliance Capital.

As of 30-Jun-2023, promoters held 63.97 per cent stake in the company, while FIIs held 12.29 per cent and domestic institutional investors had 9.82 per cent.

This article delves into the concept of overbought stocks and their implications in the market. Highlighting data from a recent screener, we explore 10 stocks that are currently trading in the overbought zone, shedding light on the significance of the Relative Strength Index (RSI) as a valuable tool for assessing stock movements.

The stock quoted a 52-week high of Rs 1050.55 and a 52-week low of Rs 737.6.

PNB Housing Finance stock with a market capitalization of more than Rs 16000 crore trades at a P/E multiple of 13.97x and an Earnings Per Share (EPS) of 45.11, BSE data showed. The stock gave a breakout from a falling trendline resistance on the monthly charts which is a positive sign for the bulls.

The stock quoted a 52-week high price of Rs 428.8 and a 52-week low of Rs 251.25.

"Loan growth has been outpacing the deposit growth for the last several quarters starting from September of last year. It is not only in percentage terms, but also absolute levels which clearly means there is a good demand for credit growth while deposits are not keeping pace. This measure is going to not help in that sense but as this is a temporary measure, hopefully in September, when the governor reviews, they may take it back."

RBI mandated banks to maintain the ICRR at 10% of the net demand and time liabilities (NDTL) between May 19 and July 28. The Monetary Policy Committee (MPC) of the RBI led by Governor Shaktikanta Das today kept the repo rate unchanged at 6.5% while increasing the inflation estimates for FY24 to 5.4% from an earlier estimate of 5.10%.