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BSE's barometer Sensex gained 245.86 points, or 0.37 per cent, to settle at 67,466.99, while NSE's Nifty50 gained 76.80 points, or 0.38 per cent, to end at 20,070 for the day.
Mazagon Dock is among the stocks that analysts are not comfortable with from a valuation standpoint, after the stellar rally. It has an average target price of Rs 806, according to Trendlyne, which implies a downside of over 64% from the current levels.
Markets will be influenced by global sentiments, and concerns with regard to rising crude price and weakening Rupee when they reopen next week. All in all, we will witness heightened volatility in coming weeks, so investors need to be prepared for the same.
On September 7, Thursday, StockEdge identified 8 stocks with declining RSI values, and ETMarkets has chosen to shed light on these stocks. Gain insights into RSI and explore these stocks to make informed investment decisions.
NCC has seen a breakout of nearly a month-long consolidation and formed strong bullish candlestick pattern on the daily scale with robust volumes. In fact, the trading volume was highest since January 2 this year.