Latest Stock Market News

Marico shares gain 0.65% as Sensex rises

Updated at : 2023-07-11 14:25:01

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The stock quoted a 52-week high of Rs 559.0 and a 52-week low of Rs 462.95.

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The data was sourced from BSE at 12.15 pm, and the updates from the real-time data could come with a lag. The below data also pertains only to the time at which it was taken.

Relative Strength Index (RSI) is a widely used technical indicator that measures the speed and magnitude of price movement in a stock. ETMarkets reported the top 10 stocks trending up with a rising RSI. A higher RSI suggests that a stock is overbought, while a lower RSI implies oversold conditions. Stocks with consistently high RSI

The Rs 405 crore-IPO was subscribed 73.34 times at the close, driven by heavy bidding from qualified institutional buyers on the last day. The part reserved for QIBs was subscribed by 180 times.

ACC shares down 0.88% as Nifty gains

Updated at : 2023-07-11 14:25:01

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A total of 15,252 shares changed hands on the counter till 01:28PM (IST).

Bitcoin rose 1.23% to $30,476, while Ethereum climbed above $1,850. BTC volume in the last 24 hours reached approximately $14.59 billion, a rise of 66.55%. Giottus Crypto Platform CEO Vikram Subburaj said, "Breaching key resistance at $32,400 will be the eventual target before a sustained rally is possible." Meanwhile, the global cryptocurrency market cap hit around $1.19tn, a rise of 1.45% in the last 24 hours, while the market cap of Bitcoin was at $593bn, and its dominance was sitting at 49.88%, a decline of 0.11% over the day, according to CoinMarketCap.

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When a stock enters the overbought zone, it implies that buying pressure has pushed its price to an unsustainable level, increasing the likelihood of a pullback. On the other hand, when a stock enters the oversold zone, it suggests that selling pressure has pushed the price too low, potentially indicating a buying opportunity.

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Brokerage Prabhudas Lilladher recently shared 7 high-conviction picks from the midcap and the smallcap space.

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The domestic brokerage values Tata Motors stock at 19.3X/16.2X FY24E/FY25E consolidated P/E and 5X/4.2X EV/EBITDA. The shares are currently hovering at all-time high levels. It hit 52-week high of Rs 634.60 on BSE on Monday.

Genus Power Infrastructures, incorporated in the year 1992, is a Small Cap company (having a market cap of Rs 4202.67 Crore) operating in Electric/Electronics sector.

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