Nine stocks from the BSE500 index have rebounded impressively from their 52-week lows, showcasing their resilience and potential for future growth. The top performers include Hindustan Aeronautics, Tube Investments of India, KEI Industries, Adani Enterprises, Apar Industries, Ceat, Raymond, Cyient, and Tanla Platforms, which have all risen over 100% from their lows. The recoveries reflect these companies' strong fundamentals, successful growth strategies, and market positions within their respective industries, indicating potential for future success.

ETMarkets has identified 8 stocks with the RSI above 75, meaning they are overbought, using the ETMarkets screener. The stocks on the list are chosen based on a market cap of over Rs 50,000 crore. The includes Shriram Finance, Britannia Industries, SBI Life Insurance, Torrent Pharmaceuticals, ICICI Prudential Life Insurance, HDFC Life Insurance, Life Insurance Corporation of India and Tube Investments of India. Investors should monitor market trends and industry developments for these companies before making decisions.

Eight Indian stocks with market caps over Rs 75,000 crore that recently suffered from a Bearish MACD Crossover have been identified by ETMarkets. The Moving Average Convergence Divergence line crossing from above to below the signal line suggests a potential bearish trend reversal, making it a warning sign for technical analysts. The eight companies are: Cholamandalam Investment & Finance, ABB India, Infosys, Asian Paints, UltraTech Cement, Tata Motors, Sun Pharmaceutical Industries and Shree Cements. Investors should be warned, however, that conduct thorough research and consider your risk tolerance before making any investment decisions.

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Indian benchmark index Nifty formed a bearish candle on the daily chart, indicating a short-term reversal pattern on the downside. It ended with an 85.6-point loss at just one point below its previous peak. The index should hold above 18,777 zones to witness upward movement towards 18,888 then 19,000 zones. Analysts predict immediate trading support at 18,710 and 18,666 zones. The broader trading range is expected between 18,550 and 19,000 zones. Technical analysts suggest support zones at 18,700-18,660 and a resistance zone at 18,880-18,900.

Five companies, Ganesh Housing Corporation Ltd, Transport Corporation of India Ltd, Bandhan Bank Ltd, Varroc Engineering Ltd, and Kalyan Jewellers India Ltd, have recently formed a Golden Crossover pattern on the technical charts, making them potential investment opportunities. A Golden Crossover indicates a stock's trend is shifting positively from bearish to bullish, providing an opportunity for technical analysts. However, investors should conduct due diligence on these companies' financial health, market conditions, growth prospects, and competitive positioning before making investment decisions. Past performance is not necessarily indicative of future results.

The Nifty Auto index closed 0.51 per cent down at 14702.1.

Stocks in focus included names like Shriram Finance, which pared gains after hitting a fresh 52-week high, KEI Industries, which rose nearly 5%, and Swan Energy, which rose nearly 8% with a rise in volumes on Thursday.