Key Points
Indian benchmark equity indices closed flat in a volatile session on Wednesday as a rise in high-weightage private banks offset a drop in state-owned firms and energy stocks after a recent rally...
Aditya Gaggar, Director of Progressive Shares, said, "On the daily timeframe, the index has formed a Bearish Engulfing candle with a probable bearish divergence in RSI, which indicates a temporary pause in its uptrend with the lower side being protected at 23,340 while Wednesday's high i.e. 23,660 will be considered as resistance."..
Momentum indicator Moving Average Convergence Divergence (MACD) showed bullish trade on the counters of Hitachi Energy India, Axis Bank, Force India, Ingersoll-Rand India, and JITF Infralogistics among others...
Indus Towers (Rs 26,713 crore), HDFC Bank (Rs 7,410 crore), HAL (Rs 3,964 crore), ICICI Bank (Rs 3,929 crore), SBI (Rs 2,800 crore), Vodafone Idea (Rs 2.644 crore), and Wabco India (Rs 2,534 crore) were among the most active stocks on the NSE in value terms..
Vodafone Idea (Shares traded: 156 crore), Indus Towers (Shares traded: 83 crore), YES Bank (Shares traded: 15.2 crore), Shree Renuka Sugar (Shares traded: 13.8 crore), GMR Infra (Shares traded: 12 crore), IDFC First Bank (Shares traded: 11.6 crore), and Zomato (Shares traded: 11.2 crore) were among the most traded stocks in the session on NSE...
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