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Impavid Bulletin

markets

Waterfield Financial and Investment Advisors has introduced Discretionary Investment Services for HNIs and UHNIs. This service is a fee-based, multi-asset portfolio management system governed by a transparent, personalised investment policy statement that aims to align with an investor's interests. Waterfield will offer an execution platform for client investment, while its advisory approach will remain for the selection of portfolio construction and investment. The Discretionary Investment Services is customised for different segments offering the service uniquely tailored solutions to meet their needs.

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.

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.

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.

Several prominent companies listed in the BSE200 index, including Tube Investments of India, Supreme Industries, Bank of Baroda, and Bharat Electronics (BEL), have hit new 52-week high levels, showcasing their strong performance and growth potential. These companies represent diverse sectors and highlight their technological expertise, market leadership, and solid fundamentals. These milestones reflect the resilience and growing investor confidence in the banking sector, defense industry, and plastic and packaging industry.

Several companies in S&P BSE Smallcap stocks have approached their 52-week high levels, including Arvind, Kirloskar Industries, Waaree Renewable Technologies, AstraZeneca Pharma, Safari Industries, and KEI Industries, showcasing their strong momentum and growth potential. Arvind, a textile manufacturer, and AstraZeneca Pharma, a pharmaceutical company, both near their 52-week high marks, demonstrate stability and ability to deliver innovative solutions in their respective industries. Safari Industries, a luggage and travel accessories brand, and KEI Industries, a player in electrical cables and wires industry, also exhibit strong momentum and growth potential.

Regulator has barred its promoters, and CEO from the securities market on alleged breach of trade practice regulations. The order follows an examination of the company's financial statements, which indicated alleged misrepresentation of numbers and/or siphoning of funds.

The Reserve Bank of India's (RBI) monetary policy committee members have differing opinions on future rate hikes, as per the latest meeting minutes. Some external members have argued that further tightening could hamper the economic recovery, while all three internal members of the RBI have remained focused on risks to inflation. While annual retail inflation is within the RBI's inflation band of 2%-6% for the third straight month, the RBI governor said the fight against inflation is not over, and the committee should undertake a future assessment of the evolving inflation-growth outlook and be ready to act as needed.