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Recent weeks have seen increased volatility in equity markets, primarily influenced by evolving expectations regarding Federal Reserve policy rates and geopolitical factors following the Israel-Hamas war.

wheat growing states, the government on Wednesday announced an increase in the minimum support price of wheat by Rs 150 to Rs 2,275 per quintal for the 2024-25 marketing season. This is the highest quantum of increase in MSP for any marketing season since the Modi government came to power in 2014. Besides, the Minimum Support Price (MSP) for five other rabi crops — gram, barley, lentil (masur), rapeseed-mustard seed and safflower — have been hiked. A decision in this regard was taken at the meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi. Currently, the MSP of wheat stands at Rs 2,125 per quintal for the 2023-24 marketing season (April-March). Wheat is the main rabi (winter) crop and its sowing begins in October while harvesting starts from April. MSP is the minimum rate at which the grain is purchased by the government procurement agencies. Briefing media after the cabinet meeting, Information & Broadcasting Minister Anurag Singh Thakur said the CCEA has approved the increase in the MSP of six mandated rabi crops for the 2024-25 marketing season. «Based on the CACP (Commission for Agricultural Costs and Prices) recommendation, we have increased the MSP of six rabi crops.

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100-day SMA, is a valuable tool that can offer insights into a stock's short to medium-term performance. On Tuesday, October 17, several midcap stocks in the Indian market exhibited noteworthy movements by crossing their 100-day SMA, signaling potential shifts in their stock trends. Let's explore the performance of these stocks. (Data Source: StockEdge) 1. Vedant Fashions 100-Day SMA: 1276.67 | Closing Price: 1295.75 2. JK Cement 100-Day SMA: 3248.13 | Closing Price: 3290.15 3. Aditya Birla Capital 100-Day SMA: 182.22 | Closing Price: 182.7 4. Relaxo Footwears 100-Day SMA: 916.72 | Closing Price: 918.55 5. Muthoot Finance 100-Day SMA: 1249.43 | Closing Price: 1251.7 6. Sumitomo Chemical India 100-Day SMA: 420.6 | Closing Price: 420.85 (Disclaimer: This is an AI-generated article.

Relative Strength Index (RSI). Today, we delve into why RSI matters and take a closer look at 10 stocks that have witnessed a decline in their RSI. The Relative Strength Index (RSI) is a technical indicator that aids investors in understanding the momentum and velocity of price movements. It provides crucial insights into a stock's overbought or oversold condition, among other things. 10 Stocks with Declining RSI On October 17, StockEdge reported 17 stocks with a declining RSI.

The Relative Strength Index (RSI) is a widely used technical indicator that helps investors understand the momentum and speed of price movements. It's a tool that provides valuable insights into a stock's overbought or oversold condition and more. Top 10 Stocks in the Overbought Zone On October 17, StockEdge reported that 33 stocks had entered the overbought zone. Here are 10 of them: 1) ITI Ltd. RSI: 87.17 Prev.

50-day SMA, is a critical tool that provides valuable insights into a stock's short-term performance. On Tuesday, October 17, several largecap stocks in the Indian market displayed significant moves by crossing their 50-day SMA, signaling potential changes in their stock trends. Let's explore the performance of these stocks. (Data Source: StockEdge) 1. ICICI Lombard General Insurance Company ICICI Lombard is a prominent name in India's insurance sector, offering a wide range of insurance products.

United Spirits Ltd. traded 2.52 per cent down at Rs 1059.3 at 02:05PM (IST) on Wednesday, even as BSE benchmark Sensex dropped 370.91 points to 66057.18. The stock had closed at Rs 1086.7 in the previous session.

Also Read: IRM Energy IPO: Check GMP today, subscription status, should you subscribe? IRM Energy Limited IPO GMP today, or grey market premium today, is ₹75 per share. This indicates IRM Energy shares were trading at a premium of ₹75 in the grey market on Wednesday, as per market observers. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of IRM Energy share price was indicated at ₹580 apiece, which is 14.86% higher than the IPO price of ₹505.

UltraTech Cement report robust earnings for the quarter ended September 2023. The country’s largest cement-maker is likely to report a 70% year-on-year (YoY) growth in consolidated net profit for the quarter to Rs 1,286 crore, according to the average of estimates given by 10 brokerages. Consolidated revenue from operations is likely to grow 12.4% on year to Rs 15,610 crore. The Aditya Birla Group’s flagship company will release its earnings on Thursday. Here’s a summary of analysts’ expectations from the company: Axis Securities Volume to grow 16% on a YoY basis, led by better demand and new capacity ramp-up.

Vijay Kedia slashed his stake in two smallcap stocks — Tejas Networks and Elecon Engineering Company — during the September quarter, as per the latest shareholding data available on the BSE. Kedia, who holds equity in the company through Kedia Securities, reduced his stake in Tejas Networks by 12 bps to 1.89% in the quarter ended September 2023 from 2.01% in the preceding quarter. The Bengaluru-based company, which offers telecommunications products and services, has given a return of over 45% this year while its 1-year return stands at 25%, higher than the YTD and 1-year returns of 8% and 12%, respectively, given by Nifty50. On Wednesday, the stock was trading with a positive bias, up 2.38% from the previous closing price. The celebrity investor also trimmed his holding in Elecon Engineering Company by 18 bps to 1.60% at the end of the September quarter from 1.78% in the June ended quarter. The stock fell 1.48% on the BSE today. The partial stake sale in the stock comes in the wake of multibagger returns given by the counter.

MphasiS Ltd. traded 1.34 per cent down at Rs 2259.85 at 01:39PM (IST) on Wednesday, even as BSE benchmark Sensex dropped 429.88 points to 65998.21. The scrip had settled at Rs 2290.75 in the previous session.

The FMCG major’s gross margin and operating margin are likely to expand both YoY and sequentially, on the back of softer raw material prices, price hikes, and operating leverage benefits. Nestlé India is scheduled to release its earnings on Thursday. Here is a summary of analysts’ expectations from the company’s Q3 earnings: Nuvama Institutional Equities Expect revenue/EBITDA/PAT to grow by 13%/15%/17.6% YoY.

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MMTC hit a lower circuit of 10% at Rs 78 in Wednesday's trade on BSE amid reports that the government might shut down the company. The Centre may decide the fate of three government-owned firms on Monday, October 23 in a high-level meeting to be chaired by Union Commerce and Industry Minister Piyush Goyal, according to CNBC-TV18 sources. Goyal is likely to take a call on the closure of the Metals and Minerals Trading Corporation of India (MMTC), the State Trading Corporation (STC) and the Project & Equipment Corporation of India Ltd (PEC). The closure of these three government-owned companies is pending as the Commerce Ministry had denotified them as canalising agencies for trade last year. Earlier, the government had examined the utility of the three companies and held that there was no need for any canalising agency in the Department of Commerce. MMTC used to be a canalising agency for exporting and importing high-grade iron ore, manganese ore, chrome ore, copra, and several other precious metals. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said, «The canalising agencies like MMTC, STCI and PRC served a purpose during the era of shortages, high tariffs and import restrictions.

mutual funds in the past one year ending September 30, 2023. The mutual fund schemes witnessed an inflow to the tune of ₹22,837 crore, next to only small cap mutual funds and around 18 percent of the total equity inflows. Around 75 percent of the flows came through new fund offers (NFOs).

Wagering giant Tabcorp could face a strike against remuneration for the first time since 2018, as proxy firm Ownership Matters and ISS joined the Australian Shareholders’ Association in urging shareholders to vote against the proposed salaries of its CEO and directors.

Syngene International Ltd saw its stock price slide more than 7% in the morning trades on Monday post the company cut its growth guidance for FY24 looking at the challenges ahead. investor confidence has remained strong in the company’s growth prospects which had led Syngene's share prices rise almost 40% in the last year. The cut in growth guidance thereby was bound to impact investor sentiments.

(Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Analysts expect the rupee to stay in a narrow range as traders may take cues from retail sales and industrial production data from the US. Data on the US crude weekly inventory, China's GDP, industrial production, UK and European region inflation are also awaited.