Latest Stock Market News

Nifty hits new record high at Rs 23,110.80, caution warranted post-shooting star pattern. June 4 event brings expected volatility. Breakout signals bullish momentum, but potential profit booking advised. RSI at 68, market breadth supports trend. Bull call spread strategy recommended for directional play.

It occurs when the opening price is the lowest for a given period, and the closing price is the highest.

Asian shares mixed after rallying, with rising bets of European rate cut and key inflation data boosting risk appetite. Wall Street futures firm ahead of U.S. market reopening after holiday.

Five stocks including Biocon and GNFC are on the F&O trade ban list. Hindustan Copper, Vodafone Idea, and Piramal Enterprises also affected. Ban triggered when open interest exceeds 95% of market limit, lifted at 80%.

​The dollar held steady on Monday, but was set for its first monthly loss this year, as investors were focused on U.S., European and Japanese inflation data to guide the global interest rate outlook.

​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.

India recorded its highest temperature of 50C (122F) in Rajasthan on Saturday. The hot spell coincides with the nation’s weekslong elections that’s drawn million of voters to campaign rallies and polling stations.

Claims under Ayush - an acronym for Ayurveda, Yoga & Naturopathy, Unani, Siddha and Homoeopathy - rose to ₹78 crore in 2023 from ₹9 crore in 2016.

He expects more consolidation before the next leg of uptrend resumes amid an already sharp run-up with Nifty now likely to consolidate around 23,000 till the monthly expiry.