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The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:

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.

​Obviously, the move from key pivot levels on the OEM methodology is a little bit on the higher side. And therefore, pullbacks are something that are warranted. I think these are the few of these names that we like from the financial universe on the OEM.

After consolidating at lower levels for more than a year, Indian markets have rallied. While Indian markets continue to be expensive relative to their EM counterparts, and rightly so, considering India’s growth prospects, the premium has shrunk from 100% to 60%, which makes Indian markets more attractive to foreign investors.

SoftBank Group Corp saw its shares rise by 5% in early trade due to the frenzy for semiconductor and artificial intelligence-related stocks. The Japanese conglomerate has been hit by the slumping value of its tech portfolio, but it has seen shares gain 17% since the close of last week. This is compared to a 172% increase for U.S. chipmaker Nvidia Corp and 39% for the Philadelphia SE Semiconductor Index. Analysts believe the anticipated IPO of chip designer Arm will help the rally.

One is I think the way we managed COVID, whether for the population, for the economy has been exemplary. I do not think any other large country has done what we did. There was a shock at the first time COVID was. When the second time COVID wave came in, again, there was a fear.

Among Sensex stocks, Tech Mahindra, Tata Steel, UltraTech Cement, Kotak Bank, and Reliance opened with gains, while only IndusInd Bank, Infosys, Asian Paints, and Sun Pharma opened with cuts.

Oil prices inched up in early Asian trade as markets weigh the possibility of price-supportive production cuts by OPEC+ members over the weekend. The Brent crude futures rose by 0.18%, to $74.41 a barrel, while the West Texas Intermediate crude rose by 0.21%, to $70.25 a barrel following two days of declining crude prices. Investor attention is now focused on the OPEC+ June 4 meeting, where the ministers from key oil-producing countries will determine whether to reduce further output to support government revenues. The U.S. monetary policy and the debt ceiling bill boosted market sentiment.

Wealth managers believe the Nifty Next 50 represents the next rung of liquid securities after the Nifty 50 and recommend an allocation to this index for equity investors. The Nifty Next 50 trades at a one-year forward price-earnings ratio of 28, compared with its five-year average of 28.93, making valuations reasonable.

"The Indian rupee strengthened amid stellar economic data and foreign fund inflows," HDFC Securities research analyst Dilip Parmar said. "It has clocked the best single-day gain in almost two months following dollar inflows and lower commodity prices," he said.