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Nifty ended Wednesday session 147.5 points higher and formed a new peak at 23,889 level to form a long bull candle on the daily charts.

​On June 25, three stocks from the Nifty50 pack appeared in the RSI Trending Up scan, according to the stockedge.com data.

The evolving financial landscape in India, characterized by the Hyundai India IPO and the rise in private company IPOs, presents significant opportunities for financial institutions like Nomura and Jefferies Financial Group to capitalize on the flourishing market and drive investment banking fees to new heights.

Momentum funds select stocks based on recent performance for continuity. The 17 funds in this category include both index funds and ETFs, with a tracking error of 0.3 to 0.5% in passive funds. High-risk investors are ideal for these funds, with recommended asset allocation of 80% in equity and 20% in debt, says Chirag Muni.

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The banking index continued on its upward trajectory stopping at a kissing distance from the 53,000 mark. Fresh call writing is visible at this level. According to experts, the undertone remained bullish, and a buy-on-dip approach is advisable with immediate strong support at the 52,500-52,400 level.

Inox Green Energy Services on Wednesday said its board of directors has approved a proposal to raise up to Rs 1,050 crore through issuance of equities and convertible warrants.

The Japanese yen declined by up to 0.4%, reaching 160.39 against the dollar, surpassing the threshold that previously triggered market intervention by officials in April. The significant disparity in interest rates between Japan and the U.S. continues to exert pressure on the yen, despite efforts to curb its depreciation.

The Nifty Auto index closed 0.92 per cent down at 25018.9.

Ronald Siyoni, says there is an intention within the sector to go ahead with the cement price hike. We have seen about 1.5% odd price hikes during June on an average on a pan-India basis, but still, pan-India prices remain lower sequentially for quarter one of FY25 by about 3% to 4%.