News for Vinati Organics Limited (VINATIORGA.NS)

Vinati Organics Limited establishes wholly owned US subsidiary, Vinati Organics USA INC, focusing on specialty chemicals business expansion.

Indian markets closed sharply lower, with Sensex dropping 1.60% and Nifty 1.37%, driven by losses in heavyweights like Reliance and ICICI Bank, alongside concerns over Trumps trade tariffs.

Hemang Jani, a market expert, indicates that the recent market momentum may taper off but highlights potential in defence and clean energy sectors due to structural reforms. He recommends cautious investment in specific companies like Deepak Nitrite and BEL amidst broader market volatility, advising against getting carried away by past performance.

Stocks to watch today, July 30, 2024: GIFT Nifty indicates a lacklustre start for the benchmark equity indices on Tuesday. Here are buzzing stocks to watch during today's trading session

Stocks to watch today, July 29, 2024: GIFT Nifty indicates a positive start for the benchmark equity indices on Monday. Here are buzzing stocks to watch during today's trading session

Nifty on Friday ended 234 points lower to form a Doji candle on the weekly scale. On the daily charts, the index closed below the lows of the previous three sessions, indicating weakness. The index is in the process of retracing the rise it has witnessed from 22,710 – 22,776.

India's benchmark indices hit new highs on strong global demand expectations. Analysts suggest buying on dips and selling on rallies strategy. US stocks rise, European shares slip ahead of ECB decision. MACD signals bullish trade on select stocks.

The Nifty Pharma index closed 1.11 per cent up at 19207.9.

The Nifty Auto index closed 0.16 per cent down at 21385.25.

The MACD is known for signaling trend reversals in traded securities or indices. When the MACD crosses above the signal line, it gives a bullish signal, indicating that the price of the security may see an upward movement and vice versa.

Benchmark Sensex climbed 526 points while Nifty closed above the 22,100 level on Wednesday following buying in banking, auto and oil shares after positive macro data. The 30-share BSE Sensex climbed 0.73% to settle at 72,996 with 18 of its stocks advancing and 12 closing lower.

Nifty on Wednesday ended 22 points lower to form a Doji candle on the daily charts, which indicates chances of a minor pullback rally. Minor degree positive chart patterns like higher tops and bottoms have been negated recently as per the daily chart.

The blue-chip index NSE Nifty50 added 0.14% to 21,983, while the BSE Sensex gained 0.27% to 72,500. Both the benchmarks gained about 1% in February. In a volatile trading session on monthly derivative expiry, Nifty ended 32 points higher just above the 21-day Exponential Moving Average (21EMA). However, the prevailing sentiment appears somewhat negative from the current level.

Shriram Finance Ltd was included in Nifty, as it had highest six-month average free-float market capitalisation within eligible universe as a replacement to UPL Ltd, NSE said adding that the changes will become effective from March 28, at close of March 27, 2024.

The Nifty Bank index closed 1.38 per cent up at 45634.55.

The Nifty Bank index was trading 0.47 per cent down at 45610.8.

GMR Airports Infrastructure Ltd's step-down subsidiary has secured ₹3,215 crore to part finance the Phase I development of Bhogapuram Int'l Airport. Indian Renewable Energy Development Agency Ltd has launched a retail division to provide loans to borrowers in PM-KUSUM scheme, Rooftop Solar & B2C sectors. Adani Energy Solutions Ltd's CEO appointed CEO of Adani Infrastructure India Ltd. Bank of India raised ₹4,500 crore via QIP issue. Tata Motors increased commercial vehicles' price by 3%. Subros bagged ₹25 cr order from Indian Railways. SP Apparels approved purchase of Young Brand Apparel, transfer of leasehold rights & land. JSW Steel Ltd a member of DJSI World & Emerging Markets Index. ONGC awarded contract to Mazagon Dock Shipbuilders for ₹1,145.10 cr. REC Ltd signed 200 mn Euro loan agreement with KfW. Greenlam South Ltd acquired 86 acres land for ₹24 cr. Torrent Power signed amendment agreement for 4 MWp Solar Power. Dr Reddy's Labs FDA completed GMP & PAI at R&D centre. Max Healthcare acquired Starlit Medical Centre for ₹940 cr. Vinati Organics started commercial production of OSBP & DSBP. Lemon Tree Hotels signed Lemon Tree Hotel, Kundapura. Ramco Cements de-bottlenecked Pyro Processing System. TCML approved MoU with Asset Homes TCM Townships for ₹25 cr loan. Bondada Engg received authorisation for ₹18.04 cr work order. Parmax Pharma ascertaining loss due to fire accident. TCPL Packaging acquired 43,800 shares of COPPL. Mega Nirman & Industries participated in Uttrakhand Investor Summit. RACL Geartech received nomination for supply of gears for pedal assisted electric bicycles. Imagicaaworld Entertainment signed MoU with Uttarakhand Govt. Ahasolar Technologies received contract for RE Portal from Gujarat Energy Development Agency. Hypersoft Technologies to invest ₹80 lakh in mutual funds.

In this article, we explore the significance of RSI and delve into 10 stocks that are currently trading in the overbought zone but exhibiting bearish RSI trends. Learn how RSI can guide your investment decisions and why these 10 stocks warrant a closer look despite their bearish RSI movements.

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