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Based on the OI percentage, 55 stocks were on the short-covering list. These included Balrampur Chini Mills, HDFC Bank, Tech Mahindra, Nestle India, and Coromandel International.
Biggest gainers were Bajaj Auto, Grasim Industries, M&M, Hero MotoCorp and Bharti Airtel, while losers included BPCL, Asian Paints, HUL, Jio Financial and Tata Consumer Products.
A fund that generates positive excess returns across multiple time frames generally has a robust asset mix that provides resistance during an unpredictable market environment. ET Wealth analysed the excess returns that equity diversified funds have generated with respect to the Nifty 500 TRI index, using the rolling returns for multiple time periods. The data from 1 September 2018 to 1 September 2023 was considered, and rolling returns have been worked out at a weekly interval using the daily NAV data
These large-cap stocks, having crossed their 100-day SMA on September 5, 2023, stand as robust performers in the stock market.
Explore the significance of the Relative Strength Index (RSI) in assessing stock movements as we delve into the top 10 stocks that witnessed a decline in their RSI. Discover how this crucial indicator can aid investors in making informed decisions.