Latest Stock Market News

Over the past four trading sessions, Nifty has traded within a narrow range of 1% and has formed small-bodied candles. This typically suggests indecisiveness prevailing at current levels.

​According to data from stockedge.com, on June 13, three stocks from the Nifty50 pack were identified in the RSI Trending Up scan. This scan indicates an uptrend signal when the Relative Strength Index (RSI) value crosses above 50 from below.

The GPES Solar SME IPO opened for subscription today aiming to raise Rs 31 crore. It is an authorized distributor of Sungrow India, Saatvik Green Energy Private, and LONGi Solar Technology.

The stock quoted a 52-week high price of Rs 323.0 and a 52-week low of Rs 117.95.

“In India, the market underestimates the risk, while in China high yield, Sri Lanka and certain other corners of EM, the market overestimates the risk,” Khan, who manages combined assets of roughly $1 billion, said in an interview this week.

Thursday evening, debt-ridden telecom operator Vodafone Idea announced after a board meeting that it will issue preferential equity of 1.66 billion shares at Rs 14.80 per share to Finland’s Nokia and Sweden’s Ericsson, for a total of up to Rs 2,458 crore, to settle part of their pending dues.

A total of 6,832 shares changed hands on the counter till 10:56AM (IST)

​A long buildup is characterized by a simultaneous surge in open interest, trading volumes, and the price of the underlying stock within the Futures and Options segment, signaling an upward trend in the market.

​It is a nice combination to therefore have look forward to and that is what is keeping the market excitement up. Of course, we have a plethora of important events which we get into in the second half of the year whether it is the outcome of the monsoons, policy on the budget and of course certain global events as well including the US elections, the whole thing about policy rates, interest rates and how are we going to be navigating that over the next six odd months.