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After forming a series of higher highs and higher lows over the last 2 months, Nifty seems to have formed minor degrees of lower highs and lower lows in the last 4-5 sessions amidst range movement. This pattern could be reflecting ongoing consolidation in the market.

In this article, we explore the concept of RSI, its significance in analyzing stock trends, and delve into the top 10 stocks, carefully selected by ETMarkets, that are currently trading in the overbought zone with bearish RSI trends, based on data sourced from StockEdge on July 28, Friday

"The Board decided to honor, with a special dividend - One for Each Magnificent Decade -in which Mr Naik transformed L&T.The Rs 6 dividend to shareholders is only a token of our affection, esteem, and, most importantly, gratitude towards A M Naik," SN Subrahmanyan said.

The Nifty Realty index was trading 0.24 per cent up at 564.3.

As Q1 earnings are ​underway, a host of brokerages upgraded the target price on a number of scrips.

Consolidated revenue from operations, too, plunged over 17% to Rs 8,963 crore, and was also below the estimated Rs 10,429 crore

"The need for further diversification of index constituents may lead to the index providers going ahead with the inclusion, despite frequently cited operational difficulties for smaller investors."

The candidate applying for the position is required to have at least 20 years of experience in dealing with problems related to the securities market or special knowledge or experience of law, investigation, finance, economics and accountancy, among others.

RailTel, the telecommunications arm of Indian Railways, is set to pursue revenue growth rates of over 25% and maintain EBITDA margins of between 18-19%. The company has a Rs. 4,400-4,500 crore order book, and a large portion of its projects involve working with the government to implement LTE and KAVACH-related rail signalling modernisation projects. RailTel has put in place plans to capture between 20%-25% of the Rs. 1 lakh crore budget allocated for rail signalling modernisation and related investments.

In the Sensex pack, NTPC and Power Grid were the top gainers, rising over 3% each. Tech Mahindra, Tata Steel, TCS, Wipro, Maruti, JSW Steel, and Tata Motors also ended with gains. On the flip side, Bajaj Finance, Kotak Bank, HUL, ITC, and Bharti Airtel ended with cuts.