SBI shares had been in a consolidation zone of Rs 720-790 for almost two months now and on Thursday it gave a channel breakout with good volumes. With the Daily Relative Strength Index (RSI) on the verge of entering an extremely bullish zone, this stock can touch the Rs 850-860 zone in the short term.
Gold slumps to two-week low as fears of wider Iran-Israel conflict wane fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
EUR/CHF has rebounded from the 0.9254 December 2023 lows and rallied up to resistance from a key barrier in the form of the 50-week Simple Moving Average (SMA).
The S&P BSE Sensex fell more than 600 points while the Nifty50 closed below the 22400 level. Sectorally, buying was seen in healthcare stocks while some selling was seen in telecom, metals, utilities, public sector and realty stocks.
Tata Power, after recent consolidation, has surpassed its previous record high and clocked 7.7 percent gains to end at new closing high of Rs 425 with robust volumes. The stock traded above all key moving averages, which is a positive sign.