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TCS among 6 stocks showing bullish RSI upswing
On June 2, six Nifty500 stocks that gained 5% or more were highlighted in the RSI Trending Up scan based on data from StockEdge.com. The signal is generated when RSI crosses above 50 from lower levels, indicating improving momentum. Rising RSI values suggest strengthening price action and potential bullish continuation, helping traders identify possible buying opportunities.
Banking sector Q4 results: NIMs likely bottomed out, business momentum improves; Axis Bank, DCB Bank among top picks
Equirus Securities expects repo hikes in the second half of FY27, which would be NIM supportive for private banks. While it sees reasonable upside across all large private banks, it prefers Axis Bank within that pack. Within mid-private banks, it likes Karur Vysya Bank and DCB Bank.
Sensex Today | Stock Market LIVE Updates: GIFT Nifty extends losses to 200 points; Lenskart in focus
Sensex Today | Stock Market LIVE Updates: The bulls may take comfort from the fact that all recent selling has seen a reversal around this 23,250 - 23,350 range. A break of that level risks further downside for the index. Same is the case with the Nifty Bank, which had another 1,000-point range trading day on Monday.
Car sales sail smooth despite war woes; Auto cos log double-digit growth on Maruti, TaMo surge; two-wheeler & CVs also in fast lane
Indian car sales surged significantly in May. Maruti Suzuki and Tata Motors reported robust growth. Two-wheeler sales also saw double-digit increases. Despite global challenges, consumer demand remained strong. This positive trend extended to utility vehicles and electric vehicles. Farm equipment sales also performed well. The automotive sector shows resilience and continued momentum.
FIIs bet on high-growth smallcaps: 14 stocks rally up to 225% in 5 months, 6 turn multibaggers
Foreign institutional investors increased their stakes in several high-growth small-cap stocks during the March 2026 quarter, backing companies with profit growth above 50% and sales growth exceeding 25%. A select group of 14 such stocks delivered returns of 50% to 225% in CY26, with six emerging as multibaggers, highlighting the strong link between institutional interest and business momentum.
Tata Motors commercial vehicle sales soar 17% at 32,850 units in May
Tata Motors has announced strong sales figures for May. Total commercial vehicle sales saw a significant 17 percent increase. Domestic sales also climbed by 19 percent, showcasing robust performance. While international volumes experienced a slight dip, the overall trend indicates positive momentum for the company's commercial vehicle segment. This growth reflects a healthy market for Tata Motors' offerings.
Nifty has a positive undertone, but Street waits for a decisive breakout
Nifty is trading in a consolidation zone between 23,200 and 24,050. Analysts suggest buying on dips with a target of 23,900. Key sectors like banking and auto are showing strength. Specific stock recommendations include Tata Power, Sona BLW, L&T, Indian Energy Exchange, Nuvama Wealth Management, and Syrma SGS Technology for potential gains.
Wall Street Week Ahead: US payrolls data, tech earnings and AI events set to drive markets
Market participants will also closely track several other indicators, including manufacturing and services PMI readings, JOLTS job openings data, and the Federal Reserve’s Beige Book, all of which are expected to provide a clearer picture of the economy’s underlying momentum
Mcap of 7 top valued firms erodes by ₹1.54 trn, Reliance takes biggest hit
The combined market valuation of seven of the top 10 valued firms eroded by Rs 1.54 lakh crore last week, with Reliance Industries taking the biggest hit. In a holiday-shortened last week, the BSE benchmark Sensex dropped 639.61 points, or 0.84 per cent, and the NSE Nifty declined 171.55 points, or 0.72 per cent. From the top 10 pack, Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, Tata Consultancy Services (TCS), Bajaj Finance and Hindustan Unilever faced erosion in their valuations, while State Bank of India, Larsen & Toubro and Life Insurance Corporation of India (LIC) were the gainers. The market valuation of Reliance Industries dropped by Rs 46,078.3 crore to Rs 17,87,039.40 crore. HDFC Bank's valuation eroded by Rs 33,333.06 crore to Rs 11,46,641.84 crore. The valuation of Bharti Airtel tumbled Rs 25,408.96 crore to Rs 11,14,886.53 crore and that of TCS dived Rs 22,920.58 crore to Rs 8,15,480.75 crore. The market capitalisation (mcap) of Hindustan Unilever ...
PB Fintech sees Rs 665 crore block deal as founders pare stake; Goldman among other top funds buy
PB Fintech founders Yashish Dahiya and Alok Bansal sold 38 lakh shares worth Rs 665 crore in a block deal. The shares were purchased by various institutional investors, including Goldman Sachs and Tata Mutual Fund, following the company's recent performance.
INR appreciates near three-week high as oil retreats on ceasefire talks
The Indian rupee appreciated 53 paise to close at 95.05 (provisional) against the US dollar in early trade on Friday, as renewed optimism over the peace deal between the US and Iran boosted market sentiments. The domestic currency gained momentum near a three week high on an overnight decline in crude oil prices and a fall in the US dollar, after the US and Iran reached an understanding to extend the ceasefire for another 60 days although Trumps approval on the same is awaited. On Thursday, the US and Iranian negotiators reached a tentative agreement to extend the ceasefire by 60 days and start a new round of talks on Iran's nuclear programme. Meanwhile, BSE Sensex closed about 1.4% down at 74,775.7 on Friday, extending losses for a third session, restricting upside in the counter as investors remained cautious amid ongoing FII outflows, persistent geopolitical uncertainty and weaker-than-normal monsoon forecasts that could impact inflation.
Tata Motors PV among 4 stocks flashing bullish signals, hinting at a possible uptrend
Four NSE large-cap stocks appeared on the White Marubozu bullish scanner on May 27, indicating strong buying momentum across select counters. The candlestick pattern reflects sustained bullish sentiment throughout the trading session, with buyers maintaining control from open to close, signalling potential continued upside momentum in the near term.