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Five stocks in the Nifty500 pack that gained over 7% featured in the RSI Trending Up scan on August 5 after showing improving momentum. The RSI moved above the 50 mark from lower levels, signalling strengthening price action, improving sentiment and potential short-term buying opportunities for traders tracking bullish technical setups.
Indian IT stocks have seen significant value erosion this year. However, Coforge and LTIMindtree have shown resilience and growth. These companies are performing well due to strong deal wins and AI integration. Analysts see mid-tier firms as more attractive than large caps now. Their performance offers investors a rare stable option in the sector.
Stock market today: Gift Nifty was trading near the 24,666 mark, up over 18.3 points from the previous close of Nifty futures.
Indian stock markets are expected to open subdued on Aug 6 amid mixed global signals. The Nifty and Sensex saw slight gains earlier, while oil prices fell amid Iran-Oman negotiations. Analysts suggest cautious trading for equities, with significant resistance levels noted for Bank Nifty.
A potential EPF wage ceiling increase to ₹25,000 is generating significant employee interest. Read on to know if existing pensioners will receive higher monthly pension amounts.
Beach Energy FY26 slides: gas pricing lifts margins amid production dip
Moderna receives FDA approval for first mRNA flu vaccine
Global markets news: The Dow Jones Industrial Average rose 0.49% to a record close as hopes of a breakthrough over the Strait of Hormuz supported economically sensitive stocks
Braveheart Bio prices $382.5M IPO at $18 per share
Life Insurance Corporation of India (LIC), Trent, Hero Motocorp, Lupin, Emcure Pharmaceuticals, Britannia Industries, Fortis Healthcare are among the companies to report their Q1 results FY27 today.