Latest Stock Market News

A total of 615 shares changed hands on the counter till 11:28AM (IST)

According to Sriram Iyer, Senior Research Analyst at Reliance Securities, the rupee opened stronger on Friday tracking gains in the NDF markets. The NDF settled at 81.1650 on Thursday.

As of 30-Jun-2022, promoters held 26.75 per cent stake in the company, while FIIs held 35.94 per cent and domestic institutional investors had 11.83 per cent.

The Relative Strength Index (RSI) is at 60.7. RSI below 30 is considered oversold and above 70 is considered overbought, Trendlyne data showed. MACD is above its center and signal line, this is a bullish indicator.

Reliance Industries, and Bandhan Bank are among a host of companies that will announce their quarterly results on Friday. >> For more such web stories click on the ET icon below

Select brokerage firms believe stocks such as Care Ratings, Rail Vikas Nigam, and AU Small Finance Bank will provide good opportunities for hefty returns this year.

Om Mehra, Equity Research Analyst at Choice Broking said, we expect Indian markets range bound today with stock specific actions as big companies like Reliance, JSW Steel & HDFC Life will declare their quarterly results.

India VIX was down by 0.28% from 14.08 to 13.40 levels on Thursday. Volatility has been hovering at lower levels from the last nine weeks and supporting the bulls to hold the overall command. On the Options front, the maximum Call OI is placed at 19,000 and then towards 20,000 strikes while the maximum Put OI is placed at 18,000 and then towards 18,500 strikes.

Higher gross refining margins and gas prices, and lower impact of windfall gains tax are likely to help this vertical’s performance improve sequentially. Nuvama Institutional Equities expects RIL oil and gas operating profit to rise 62% YoY and 4% QoQ on higher volumes, aided further by higher deepwater gas prices.

Price resuming up after forming a base above the recent breakout area and 20 days EMA, signaling continuation of up move.