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On October 5, Thursday, Stock Edge reported 40 stocks trending up, and ET Markets explores the top 10 stocks to watch for potential gains based on RSI movement.
The stock market brought noteworthy developments on October 5 as several major stocks showcased their resilience by crossing their 200-day Simple Moving Averages (SMA).
FIIs buying slowed on Thursday after the RBI maintained a status quo. However, DIIs turned net sellers in Indian equities. Both Sensex and Nifty 50 ended in the red dragged by auto, banking, IT, and healthcare stocks.
FIIs and DIIs were net buyers with an inflow of over ₹1,383 crore and ₹392 crore, respectively, in Indian equities on June 7th. Sensex and Nifty 50 rallied by nearly a percent with midcap and small-cap stocks shining.
FIIs ended their three-day losing streak with an inflow of nearly ₹386 crore ($52 million) in Indian equities, while DIIs turned net sellers after three consecutive days of buying. Investors will be focusing on RBI's June 2023 monetary policy which is scheduled to be announced later this week.