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" Remote Control Inverter Ceiling Fans Market research report has been published by Research Cognizance to give desired insights to drive the gr
StockEdge has reported on nine stocks that are currently trading in the overbought zone but have a bearish or declining RSI trend. RSI, or Relative Strength Index, is a widely used technical tool that measures a stock's strength and momentum. Readings above 70 indicate that a stock is overbought, while readings below 30 suggest that a stock is oversold.
United Spirits, Ashok Leyland, Gujarat Gas, Zee Entertainment Enterprises and India Cements were among the 62 stocks to see a long build-up based on the open interest percentage.
Indian markets ended on a positive note as Sensex surged by 502.01 points and Nifty 50 closed at a new high. IT stocks performed well despite muted Q1 earnings. Top gainers included TCS, Infosys, and Tech Mahindra. Top losers included M&M and Power Grid.
BSE Sensex surged more than 502 points, or 0.77 per cent, to end at 66,060.90, while NSE's Nifty50 gained 150.75 points, or 0.78 per cent, to close at 19,564.50 for the day.