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The Indian rupee ended slightly lower against the US dollar on Tuesday due to dollar demand from importers, compared to its previous session close of 81.9575, despite hitting a high of 81.75, credited to anticipated dollar inflows. The Reserve Bank of India does not want to appreciate the currency too much and so has kept it within a range. Meanwhile, the Chinese yuan was supported by the central bank to prevent depreciation, while U.S. Federal Reserve data expected on Wednesday may influence its next rate decision.

The Relative Strength Index (RSI) is a key tool for analyzing stock momentum and identifying overbought or oversold conditions. StockEdge reported that 82 stocks are currently trading in an overbought zone, with 10 stocks handpicked by ETMarkets for further analysis. RSI values above 70 suggest overbought conditions and potential price corrections, while values below 30 indicate oversold conditions and potential price rebounds. Assessing stock movement based on RSI is important for investors to identify market turning points and make informed decisions.

Several stocks in the S&P BSE 500 index, including Angel One, AstraZeneca Pharma, and Bajaj Finance, achieved new 52-week highs, reflecting the resilience and strength of these companies in challenging market conditions. Other notable stocks that reached new highs include Bank of Baroda, Can Fin Homes, and Cholamandalam Financial Holdings. The data was sourced from BSE at 12.30 pm, and updates from real-time data might come with a lag. The below data also pertains only to the time at which it was taken.

​​When you start measuring using the same scale like financial instruments are measured under then you get in all that the property which you bought might have quadrupled in two decades from one crore to four crores but the IRR is sub 6-7%.

Multiple stocks on the S&P BSE Smallcap index have reached new 52-week highs, demonstrating growth potential. These include Apar Industries, AstraZeneca Pharma, Aster DM Healthcare, Can Fin Homes, CARE Ratings, Anant Raj, Angel One, and Bombay Dyeing. The details of their achievements are highlighted in the article. Please note that the data mentioned may have a lag and represents a specific point in time.

​Our SME business is coming up now, and our retail business will start doing even better. So to that extent, I am not so worried on the credit growth at this point of time.

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As of 31-Mar-2023, promoters held 68.68 per cent stake in the company, while FIIs held 8.41 per cent and domestic institutional investors had 6.82 per cent.

Varun Beverages share price down 1.22 per cent

Updated at : 2023-07-04 15:20:01

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A total of 22,019 shares changed hands on the counter till 02:14PM (IST).

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