Latest Stock Market News

Following its IT peers, Tech Mahindra is expected to see a muted quarter with sequential decline in communications revenue and flat growth in the enterprise segment

Sectorally, buying was seen in utilities, metal, power, and consumer durable stocks while selling was seen in FMCG, capital goods, realty, and banks

​Stochastic has been reversing from the overbought zone. This implies that the bearish reversal has occurred and one should sell when the price moves below 80 from the overbought zone.​

Despite the relatively stagnant market, 4 stocks from the BSE Capital Goods index hit new highs within the 52-week timeframe

SBI Life records 18% growth in individual new business premium to Rs 4,060 crore in the first quarter, while the overall new business premium rose 11% to Rs 6210 crore, aided by 18% growth in single premium business.

A total of 3,833 shares changed hands on the counter till 01:49PM (IST)

The buyback will involve 3.33 crore shares or 2.4% of the fully paid-up equity share capital.

​MACD or moving average convergence divergence is a momentum indicator. ​

The BSE MidCap index witnessed an impressive surge today as prominent companies marked new 52-week highs. Notable gainers included Ajanta Pharma, Oberoi Realty, and more, reaching record levels in their impressive journey

Market experts suggest that the current earnings season in India has been lacklustre, neither a big hit nor a miss. While largecaps do better when inflation is high, midcaps and smallcaps might do better this quarter on account of easing commodity inflation pressure. However, the overall upside in the market looks capped for the rest of the year, and it may be time to reduce equity exposure. Consumer discretionary, capital goods, and some autos and cement stocks are starting to look expensive and overbought.