Latest Stock Market News

Gold prices on MCX surged Rs 1,347 in 10 days, opening at Rs 72,010/10 grams today, up 0.22% or Rs 155. Silver also rose. Despite challenges, gold soared 13% this year.

When the closing price falls below the VWAP, it signifies that the closing price is lower than the average price at which it was traded throughout the day, with the average being weighted by trading volume.

A total of 16,972 shares changed hands on the counter till 10:56AM (IST).

"RSI trending up" means that the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the price of the stock.

The stock traded at a P/E multiple of 38.57, while the price-to-book value ratio stood at 5.07.

Aditya Birla Capital on Monday reported a two-fold rise in profit to Rs 1,245 crore on a consolidated basis for the fourth quarter ended March 2024. The company posted a net profit of Rs 609 crore in the same period a year ago.

Daljeet Singh Kohli, of Vasuki India Fund, advises diversified investment in auto theme through ancillaries to avoid overexposure. Emphasizes on mid-sized capital goods companies for growth potential amidst market volatility. Kohli says: "We are not doing anything in our portfolio, we are just sitting tight looking at day-to-day activity in the market."

Nifty is below its 20 & 50 DEMA, 22,334 and 22,224 respectively and it will act as resistance in its upward bounce while on the downside the 100 EMA is at 21,821. This also points to a broader range of 500 points from the current price of 22055, as we prepare for a directional move.

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.

On the weekly options front, the maximum Call OI is placed at 22300 and then towards 22500 strikes while the maximum Put OI is placed at 22000 and then towards 21800 strikes.