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​Futures Short Position scan on July 24 showed 3 Nifty50 largecap counters seeing aggressive short covering. ​

Revenue from operations during the quarter falls marginally to Rs 1,348 crore, compared with Rs 1,378 crore in the corresponding quarter last year.

Several companies in India, including Varun Beverages, KPIT Technologies, Siemens, Bosch, Tata Chemicals, and EID-Parry, crossed their 50-day Simple Moving Average (SMA) on July 24, indicating potential uptrends in their stock prices. Varun Beverages and KPIT Technologies showed robust performance, while Siemens, Bosch, Tata Chemicals, and EID-Parry demonstrated positive momentum with their stocks crossing the 50-day SMA. These companies operate in diverse sectors, including manufacturing, IT consulting, engineering, and consumer products.

Over 78 stocks were trading in an overbought zone on July 24, identified by the Relative Strength Index (RSI) as having risen too quickly and requiring a price correction. Economic Times has selected ten stocks, including Esab India, Aarti Drugs, and Tata Motors, as their top buys from the overbought list. The RSI operates within a range of 0-100, with readings of 70 or higher indicating overbought, and readings below 30 showing oversold. The list will be updated for the following day for investors to conduct further research before investing.

The total volume in DeFi is currently $2.51 billion, 7.33% of the total crypto market 24-hour volume. The volume of all stablecoins is now $30.82 billion, which is 90.2% of the total crypto market 24-hour volume.

Both revenue and profit were slightly below the estimates. ET Now Poll saw a profit figure around Rs 1,686 crore and revenue of Rs 10,472 crore.

The RSI is a momentum oscillator that measures the speed and magnitude of price movements. It ranges between 0 and 100, with readings above 70 indicating overbought conditions and below 30 indicating oversold. A rising RSI trend typically signifies an increasing bullish momentum.

According to an ETMarkets study, foreign institutional investors (FIIs) have consistently increased their holdings in 93 smallcaps listed on the BSE in the last four quarters (Sept 2022 - June 2023).

On the technical charts, the 200-day moving average of the stock stood at Rs 2359.47.

Middle Eastern crypto exchange Rain, backed by Coinbase, has secured a licence to operate a virtual assets brokerage and custody service in the United Arab Emirates through its entity based in the Abu Dhabi Global Market financial freezone. Institutional and retail clients in the UAE will be able to buy, sell and store virtual assets using their local payment network. Rain, which raised $110m last year in a funding round that valued it at $500m, said it would use the money for regional expansion.