News for Laurus Labs Limited (LAURUSLABS.NS)

As of July 28, there was a notable surge in futures open interest for seven stocks in the NSE F&O pack, contributing to a total increase in open interest of over 10% as compared to the previous trade. A significant uptick in futures open interest signifies a substantial growth in the number of active, unexpired futures contracts in a specific security. This uptrend reflects an increasing number of participants either initiating new positions or expanding the size of their existing positions within the futures market. In Demand

In the NSE list of stocks with a market cap over Rs 1,000 crore, seven stocks witnessed a 5-year swing high at the close on July 28, suggesting bullishness in counters, according to stockedge.com's technical scan data.A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond. This occurrence may be seen as a bullish sign, indicating the potential for further upward movement in the stock. However, it's worth noting that this is different from a 5-year breakout, which occurs when a stock's price surpasses a key resistance level that has held for five years or longer. Bullish Momentum

India Business News: While Nifty 50 and Nifty 500 indices have nearly recovered, a significant portion of the broader market, particularly mid and small-cap stocks, still

The NSE Nifty index closed 156.1 points down at 24680.9

The Nifty Bank index was trading 0.03 per cent down at 56511.1.

Despite a recent market rebound, many stocks are still below their 2024 highs. An ETIG study reveals that a significant portion of NSE 500 stocks remain considerably lower than their peak values. Analysts suggest these stocks may struggle to reach previous highs due to valuation concerns and limited earnings growth prospects.

Indian stock markets came under pressure on Friday as selling by Foreign Portfolio Investors (FPIs) weighed on investor sentiment.

The Nifty Pharma index closed 0.83 per cent up at 22410.35.

Top gainers & losers : Among the Nifty 50 pack, IndusInd Bank, Maruti and Tata Steel gained, while Bharti Airtel, Asian Paints, HDFC Life, Apollo Hospitals, Shriram Finance and Nestle declined.

Tata Steel, Apollo Hospital, Dr. Reddys, Tata Motors and Grasim Inds. were among the top losers on NSE.

The Nifty Pharma index was trading 0.02 per cent down at 22037.75.

The Nifty Pharma index closed 0.01 per cent up at 22041.25.

The Nifty Pharma index was trading 0.19 per cent up at 21969.5.

The Nifty Pharma index closed 0.55 per cent up at 21928.6.

The Nifty Pharma index closed 0.02 per cent up at 21808.2.

The Nifty Pharma index was trading 0.66 per cent up at 21815.05.

The Nifty Pharma index was trading 0.28 per cent down at 21551.7.

Indian benchmark indices closed lower on Tuesday, dragged down by financial and oil & gas stocks, as investors turned cautious and booked profits after the previous sessions sharp rally, amid rising geopolitical tensions between Israel and Iran.

Sensex today: Indian markets rebounded on Monday with Sensex gaining 678 points and Nifty 228 points, lifted by IT and financial stocks amid easing oil prices and resilient global cues, despite Middle East tensions. Analysts expect small-caps to stay subdued.