Page 7 - Firstsource Solutions News Today

The Nifty50 and Sensex reached new all-time highs on Monday, driven by sustained capital inflow from foreign portfolio investors and positive economic outlook.

An RSI reading above 70 indicates that a stock is overbought, potentially due for a price correction, while a reading below 30 suggests that a stock is oversold and might experience a price rebound. RSI can be a valuable tool for investors to identify potential turning points in a stocks price trend.

Sectorally, buying was seen in banks, the public sector, energy, and oil & gas stocks while selling was seen in auto, realty, and telecom stocks.

The S&P 500 and the Dow edged up on Monday, as investors awaited quarterly results from industry heavyweights through the week, while Apple and Tesla boosted the tech-heavy Nasdaq. Second-quarter earnings are gathering momentum, with Tesla due to report on Wednesday, while Bank of America , Morgan Stanley, Goldman Sachs and Netflix are also lined up through the rest of the week

NORTHERN Ireland employers proposed cutting almost 2,000 jobs last month, official government data shows.

Smallcap index ended up forming “Harami” candlestick pattern on the daily charts, which creates some chances of resuming primary uptrend. However, confirmation will come by looking at the direction in which index opens on June 27.

SkyQuest projects that the healthcare BPO market will attain a value of USD 755.76 billion by 2030, with a CAGR of 9.49% over the forecast period...

The momentum is expected to take the index up to 19,000 mark in the coming days, with immediate support at 18,800, then 18,700-18,500 area, experts said

Vinay Rajani believes that though the momentum has come down a bit in the Index, Nifty is still in to continuation of an uptrend.

THE north’s employment rate has returned to pre-pandemic levels, but the labour market has been hit by a spate of recent redundancies, new data shows.