Market Technicals

The market valuation of State Bank of India jumped ₹35,953.25 crore to ₹7,95,910 crore

Technical charts show that FMCG shares - ITC, HUL, Nestle India, Colgate-Palmolive and Marico were trading near key support levels; a downside breakout can trigger a fall up to 13% from here.

Bajaj Finance, Coal India and Hindustan Aeronautics are the buy recommendations given by Ajit Mishra of Religare Broking

Penny stocks such as Reliance Home Finance, Aksh Optifibre, Steel Exchange India and 2 others, trading below ₹10 per share, seem to be favourably placed on the charts.

Jane Street told SAT Sebi ignored its own surveillance report and sought access to NSE communications and regulator emails in the ₹4,840-cr case

MoEF trying to 'subvert' FRA: Over 90 forest rights groups writes to PM

Citing data presented by Yadav in the Lok Sabha on August 7, 2023, the groups alleged that while the minister blamed the FRA, tribals and other forest rights holders for forest degradation

They called the statement "false, misleading, legally untenable and an attempt to undermine the legitimacy of the FRA

Manipal Health aims adding 3,600 beds yrs after Temasek controlling stake

Given the current market volatility, auto stocks seem to be a better bet for long side trades. Select stocks like M&M and TVS Motor can rally up to another 12 per cent.

Selective FMCG stocks may rise up to 11 per cent, even if broader market loses more ground

Technical analyst Ravi Nathani expects the NSE benchmark index to consolidate in 17,150 - 17,850 range

An unchanged repo rate may propel rate sensitive stocks to rise up to 15 per cent

According to the technical analyst, the Nifty Auto Index is expected to remain range-bound in the near term, with a potential breakout in either direction likely to trigger a directional bias

When a stock reaches a new definitive peak, the trend is observed to rally in the same direction in the following sessions. This could become the case for Oil & Natural Gas Corporation and Oil India.

The technical analyst recommends to employ 'sell-on-rise' strategy for Nifty Private Bank, Nifty Consumption indices in the near-term

The technical analyst recommends to employ 'buy-on-dips' trading strategy for Nifty, given positive outlook for the index in the short term

Positive divergence may push Sensex and NIfty in a bullish trend for coming sessions, show technical charts.

The technical analyst recommends traders to employ a "sell on the rise" strategy when trading Nifty Commodities, given that its short-term pattern appears to be trading within a range of 5,600-5,400

Selective small-cap stocks may rally up to 22 per cent in coming months, show technical charts