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Relative Strength Index (RSI), which helps gauge the momentum and overbought or oversold conditions of a stock. In this article, we'll discuss RSI, why it's vital in assessing stock movements, and explore five stocks currently in the overbought zone with bearish RSI trends. The Relative Strength Index (RSI) is a widely used momentum oscillator that measures the speed and change of price movements.

rupee closed 7 paise lower at 83.19 against the US dollar. Forex markets were closed on Tuesday on account of Dussehra.

NCERT panel recommends the introduction of Indian Knowledge System (IKS) in curriculum for all subjects. NCERT panel recommends introducing 'classical history' instead of 'ancient history' in textbooks.

DA hike in 2023. Earlier in May this year, the state government had announced that the state has approved a 4 per cent hike in 7th Pay Commission Dearness Allowance (DA) for state government employees and pensioners.

Network People Services Technologies Limited witnessed huge buyuing during morning deals and hit upper circuit on NSE. The NSE listed stock today opened upside and went on to hit 5 per cent upper circuit within few minutes of stock market opening bell. The stock was in uptrend after announcement of strong Q2 results 2023 and H-1FY24 bnumbers.

Indian Hotels Company Ltd. traded 0.69 per cent down at Rs 392.2 at 12:33PM (IST) on Wednesday, even as BSE benchmark Sensex dropped 307.47 points to 64264.41. The scrip had closed at Rs 394.95 in the previous session.

Top 10 equity funds in 2023. We thought of identifying the schemes that have lost the most in 2023. We looked at the equity and equity-oriented categories: large cap, mid cap, large & mid cap, multi cap, flexi cap, focused, value/contra, small cap, ELSS, sectoral/thematic, aggressive hybrid, arbitrage, balanced advantage and dynamic asset allocation, equity savings, index and ETF schemes. We considered regular and growth option schemes. We were in for a pleasant surprise. Most equity schemes offered positive returns in 2023. There were very few schemes that offered negative returns. And the biggest losers (we chose four schemes that lost over 5%) were from the international fund category. See table below for details. Mirae Asset Hang Seng TECH ETF lost the most of around 11.27% in 2023. The scheme was launched in December 2021. The scheme lost 6.45% in 2021 and 18.77% in 2022.

Whitehaven Coal has asked the Takeovers Panel to compel activist investor Bell Rock Capital Management to disclose the full size of its shareholding in the miner amid concerns the hedge fund has “misled” other investors about the size of the vote it will wield at Thursday’s annual shareholder meeting.

Wagering giant Tabcorp was hit with a 34 per cent protest vote over executive pay on Wednesday, after it attempted to reward its CEO despite challenging market conditions and a reduction in the size of the company after spinning-off The Lottery Corporation.

In the quarter, the total revenue stood at Rs 1,364.8 crore, up 2.9% against Rs 1,326.3 crore in the corresponding period of the preceding fiscal. At the operating level, EBITDA declined 20.7% to Rs 53.6 crore from Rs 67.6 crore in the corresponding period in the previous fiscal. Meanwhile, EBITDA margin stood at 3.9% in the reporting quarter as compared to 5.1% in the corresponding period in the previous fiscal. Mahindra Logistics reported a 4% increase in volumes for its MLL Express business during the quarter.

Reserve Bank of India backed an outsider with little experience in the country to lead Kotak Mahindra Bank Ltd., surprising analysts and senior management and sending its stock falling. In a rare move for an Indian lender, Kotak went outside its own ranks with the selection of Ashok Vaswani as chief executive officer. Some senior managers were shocked and disappointed, as investment banker K.V.S Manian was seen as the front runner, according to people familiar with the matter.

Vedanta, India's largest diversified natural resources company, rallied 2% to ₹219.40 per share during Wednesday's early trading session. This rise came after an exchange filing made by the company on Tuesday, announcing the appointment of Ajay Goel as the new Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the firm, effective October 30, 2023, replacing Sonal Shrivastava, who resigned from the post of CFO and KMP of the company with effect from the close of business hours on October 24, 2023, due to personal reasons. Goel left his previous role at Vedanta earlier this year to join the education startup BYJU's.

The parents of an Ivy League student with a heart condition who died after she allegedly drank a “Charged Lemonade” from Panera Bread, is suing the fast-casual restaurant chain over the “unreasonably dangerous” energy drink.

Gold rate today: On account of 10-year US bond yield retracing from 16-year higher levels of 5 per cent and dip in US dollar against major global currencies, commodnity market experts have recommended investors to buy precious bullion metals in current dip. They said that weakness in the US dollar and 10-year US Treasury yield is expected to enable gold and silver prices to bounce back from its support levels. Gold price today opened lower at ₹60,.478 per 10 gm levels and went on to hit intraday low of ₹60,436 levels within few minutes of comodity market's opening bell during Wednesday morning deals on Multi Commodity Exchange (MCX).

mutual fund schemes that are mandated to invest their assets across large cap, mid cap and small cap stocks with a minimum of 65 percent of assets in equity and equity-related instruments. This is a category introduced by the capital markets regulator Sebi in November 2020. The idea behind the introduction of this category was to offer more flexibility to the mutual funds in the pursuit of recommendations made by the mutual fund advisory committee (MFAC).

A new shot for infants against RSV is in short supply, and U.S. health officials are telling doctors they should prioritize giving the drug to babies at the highest risk of severe disease

Amber Enterprises and Macquarie remained neutral on Nestle India. HSBC downgraded HUL to hold and Motilal Oswal upgraded PNB Housing Finance to buy. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on Amber Enterprises: Buy| Target Rs 3650 CLSA maintained a buy rating on Amber Enterprises with a target price of Rs 3650.

Blue Jet Healthcare IPO: The initial public offering (IPO) of Blue Jet Healthcare Limited has opened today. The book build issue will remain open for bidding till 27th October 2023. This means Blue Jet Healthcare IPO date to apply is from Wednesday to Friday this week.

market is expected to trade higher on Wednesday tracking positive global cues. Indian market remained shut on Tuesday on account of a public holiday. India VIX was up by 0.79% from 10.81 to 10.90 levels on Monday.