Market Bizzz

​It is a one-day candlestick pattern wherein there is a small green real body with a lower shadow extending from the body and is formed at the bottom of a downtrend. The pattern signifies a bullish reversal as it shows that the bulls are trying to push prices higher.​

The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock.

The company earlier in the day reported a wider first-quarter loss because if weak 4G subscriber growth and higher expenses.

A slew of lenders, including State Bank of India, Indian Bank , IDFC First Bank and Union Bank, have deemed PC Jeweller’s borrowing accounts as non-performing and have moved to court seeking loan recalls.

U.S. bond yields gained, lifting the dollar to its highest since July 7, after data on Friday showed producer prices increased slightly more than expected in July as the cost of services rebounded at the fastest pace in nearly a year.

Shares in the pharma and automotive sectors were among those that fit the bill. Fund managers lapped up pharma given the recent underperformance, lower input prices and attractive valuations. With first-quarter results encouraging, they bought into stocks like Dr Reddy’s Laboratories, Aurobindo Pharma, and Suven Pharmaceuticals.

Supply cuts by Saudi Arabia and Russia, part of the alliance between the Organization of the Petroleum Exporting Countries and their allies, or OPEC+, are expected to erode oil inventories in the rest of this year, potentially driving prices even higher, the International Energy Agency said in its monthly report on Friday.