Latest Stock Market News

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.

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.

If one looks at Fed rate hike cycles since the beginning of CY2000, the market has witnessed 4 such cycles – Mid-1999 to Mid-2000, June 2004 – June 2006, Dec-15 – Dec 18, and the current cycle over the past 12 months.

“India seems to be in a structural bull run and a lot of economic activity is favouring small and mid-caps,” says Hemang Kapasi, head of equities at the wealth management firm.

On the weekly options front, the maximum Call OI is placed at 20000 and then towards 19800 strikes while the maximum Put OI is placed at 19600 and then towards 19500 strikes.

I think they are headed in the right direction and I guess it is clear that the rebound on reopening has been much less than expected and much less than in many other countries, especially in the west and so I do think that will put some pressure on the 5% growth target and the Chinese authorities and indeed the market is sort of well aware of it.

Investors awaited industry data later on Tuesday that was expected to show U.S. crude oil stockpiles and product inventories likely fell last week. Meanwhile, U.S. shale oil production is projected to fall to nearly 9.40 million barrels per day (bpd) in August, which would be the first monthly decline since December 2022, data from the Energy Information Administration showed on Monday.

Companies scheduled to report earnings this week include Tesla and Netflix, while more big banks in the form of Bank of America, Morgan Stanley and Goldman Sachs are also on the docket to post results, following reports from peers such as JP Morgan and Citigroup last week.

A Wall Street Journal report on July 9 named AT&T and Verizon among several telecom giants that abandoned a sprawling network of underground toxic lead cables, with a huge number of them possibly contaminating neighboring soil and drinking water sources.

Reliance Retail owns a 25.8% stake in Dunzo, while Google holds just under 20%. Reliance Retail’s shareholding is expected to increase in the startup if the ongoing talks lead to the Mukesh Ambani-led conglomerate making an additional investment.