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1. Divi's Laboratories 20-Day SMA: 3485.88 | Closing Price: 3516.9 2. IndiGo (InterGlobe Aviation) 20-Day SMA: 2506.56 | Closing Price: 2524.75 3. Indian Railway Catering and Tourism Corporation 20-Day SMA: 674.61 | Closing Price: 677.15 4. HDFC Bank 20-Day SMA: 1495.52 | Closing Price: 1500 5. ITC 20-Day SMA: 437.26 | Closing Price: 438.45 6. Siemens 20-Day SMA: 3423.02 | Closing Price: 3425.05 7. Dr. Reddy's Laboratories 20-Day SMA: 5449.47 | Closing Price: 5449.75 (You can now subscribe to ourETMarkets WhatsApp channel) (Disclaimer: This is an AI generated article.

Relative Strength Index (RSI). This article dives into the nuances of RSI and sheds light on five handpicked stocks that are currently riding the overbought wave. The Relative Strength Index, or RSI, is a momentum oscillator that measures the speed and change of price movements.

1. Indus Towers 50-Day SMA: 184.17 | Closing Price: 186.4 2. United Breweries 50-Day SMA: 1588.51 | Closing Price: 1604.2 3. Sona BLW Precision Forgings 50-Day SMA: 568.04 | Closing Price: 571 4. The Indian Hotels Company 50-Day SMA: 409.7 | Closing Price: 411.35 5. Gland Pharma 50-Day SMA: 1631.99 | Closing Price: 1636.9 6. Adani Ports and Special Economic Zone 50-Day SMA: 811.36 | Closing Price: 812.25 7. State Bank of India 50-Day SMA: 580.87 | Closing Price: 581.3 8. Ashok Leyland 50-Day SMA: 175.89 | Closing Price: 175.9 (You can now subscribe to ourETMarkets WhatsApp channel) (Disclaimer: This is an AI generated article.

Oil and Natural Gas Corporation (ONGC ltd) share prices declined up to 1.31% on the BSE in morning trades on Monday Oil and Natural Gas Corporation (ONGC) released its July-September quarter results for fiscal 2023-24 (Q2FY24) on Friday, November 10, post market hours. ONGC reported a surge of 142 per cent in consolidated net profit at ₹16,553 crore, compared to ₹6830 crore in the corresponding period last year. The state-run petroleum giant's revenue from operations during the second quarter of the current fiscal stood at ₹146,873.73 crore, registering a decline of 13 per cent, compared to ₹168,656.12 crore in the year-ago period.

Coal India share price extended rally to hit a fresh 52-week high on Monday after the company’s better-than-estimated earnings for the quarter ended September 2023 cheered analysts. Coal India shares gained as much as 4.76% to a high of ₹347.50 apiece on the BSE after certain brokerages raised target price on the stock. The world’s largest coal miner, Coal India (CIL), reported a 9.85% increase in revenue and a 12.51% increase in net profit year-over-year during the second quarter of FY24.

Pretean IPO listing: After listing below market estimates, shares of Protean eGov Technologies Limited attracted buying interst post-listing and went on to hit intraday high of ₹824.75 per share on BSE, around 4 per cent higher from the issue price of ₹752 to ₹792 per equity share. According to stock market experts, Protean eGov Technologies Limited has a government-backed operational capacity.

rupee ended at a record low at 83.34 a dollar. The local unit had hit its lifetime low of 83.42 to the dollar during the session. Also Read: Retail investors should avoid trading in derivatives, says NSE chief Ashish Chauhan Persistent outflows of foreign funds and a weak trend in the domestic equities weighed on the local unit, forex traders said.

BSE Ltd. Emkay upgraded LIC to buy, and CLSA maintained a buy on Ashok Leyland and on Eicher Motors. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Investec on BSE: Buy| Target Rs 2345 Investec maintained a buy rating on BSE and raised the target price to Rs 2345 from Rs 2140 earlier. The company reported an earnings beat on the core business.

brokerages recommended a buy rating on the LIC stock. While Emkay upgraded the stock from an earlier hold stance, Motilal Oswal reiterated its buy, arguing that India's largest life insurer has levers in place to maintain its industry-leading position and ramp up growth in the highly profitable product segments. The stock today fell 1.4% to the day's low of Rs 599.20 on the NSE in the opening trade amid weakness in the overall markets.

₹3,451.88 crore, while revenue from operations in Q2FY24 rose 15.7% to ₹24,309.89 crore. M&M’s revenue growth during the quarter ended September 2023 was driven by volumes growth of 11% YoY, while Average Selling Prices (ASP) grew 5% YoY.

Geojit Financial Services, the 50DMA (daily moving average) at 19,570 remains a stiff challenge, above which, expect buyers to not chase prices higher. "This also brings the downside markers forward from 19,262/19,170 to 19,433 or 19,370 which would be critical as turnaround points while we play the 19,840 trajectory," said James. Experts recommend buying technically and fundamentally sound stocks at the current juncture, considering the prevailing uncertainty in the short term.

Also Read: Equity mutual fund inflows surge to ₹19,932 crore in October, SIP contributions at record-high: AMFI data Trading in futures and options (F&O) in India has seen a sharp growth in recent years, especially after the COVID-19 lockdown, with a flock of new digitally savvy traders trying to make quick bucks in the stock market. NSE’s options average daily turnover reached ₹318 trillion in October 2023. Amongst index options, Bank Nifty contracts had the largest share at 40.7% last month.

Multibagger IPO: The initial public offering (IPO) of Senco Gold was launched in July 2023. The public issue was offered at a price band of 301 per share to ₹317 per equity share. The book build issue listed on BSE and NSE on 14th July 2023.

Life Insurance Corporation of India share price declined up to 1.49% on the BSE in morning trades on Monday. Life Insurance Corporation of India had declared its Q2 FY24 results on 10 November 2023, post market hours. The topline decreased by 9.2% and the profit decreased by 49.35% YoY.

AustralianSuper, the biggest shareholder in Origin Energy, has swiftly rejected an eleventh-hour offer to join Brookfield and EIG in their agreed $20 billion takeover of the major electricity supplier, leaving the deal hanging by a thread.

Day trading guide for today: Indian stock market finished on a higher note for sixth straight Muhurat trading session on Diwali 2023. Nifty 50 index gained 100 points and closed at 19,525 levels, BSE Sensex shot up 354 points and finished at 65,259 mark whereas Bank Nifty index ended 176 points higher at 43,996 levels. Small-cap index surged 1.14 per cent while mid-cap index 0.67 per cent.

Protean IPO: Listing date of the initial public offering (IPO) of Protean eGov Technologies Limited has been fixed on 13th November 2023 i.e. today.

Buy or sell stocks for today: Key benchmark indices of the Indian stock market ended higher for sixth straight Muhurat trading session on Sunday. Nifty 50 index gained 100 points and closed at 19,525 levels, BSE Sensex shot up 354 points and finished at 65,259 mark whereas Bank Nifty index ended 176 points higher at 43,996 levels.

Equity funds with the most diversified portfolios How markets are placed The benchmark BSE Sensex lost over 1,637 points in October 2023, which was the highest monthly absolute loss in 2023. Though the markets have made some recovery in November due to falling crude oil prices and softening of US bond yields, they are expected to stay volatile over the next few months. A Prabhudas Lilladher Diwali Picks report expects the next few months to be volatile due to the El Nino impact on inflation, global volatility in commodities and interest rates. “The strong resilience of the US economy, despite high inflation, is likely to keep policy rates high, which can impact FPI inflow in the near term,” it states. Equity fund concentration ET Wealth tried to study the concentration of equity diversified funds, in terms of their respective average concentration of AUM in the top five stocks and sectors, over the last year.

The strange thing is that the unease created by such events has been made worse for some investors because of a partial reversal of a long-standing trend. Longtime readers may have noticed my recurring observation regarding the heavy dependence of Indians on traditional fixed income investments.

appointment of judges to the Supreme Court has been an ongoing tussle — at times overt, at other times covert — between GoI and the judiciary. Tuesday's cautionary by the court asking GoI not to 'pick and choose' from the collegium's recommendations underscores the need for a robust transparent system for appointing judges to the apex court. Justice Sanjay Kishan Kaul was clear in saying that political affiliations and leanings are emerging as factors determining GoI's decision to accept the collegium's recommendations. Such an argument gains currency given increased political polarisation.