Market Bizzz

After the 13% crash, Trent shares have technically slipped below their 20-day EMA, while the RSI has witnessed a sharp downtick, signalling a shift in momentum from bullish to bearish, said Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities

Only those shareholders who own Titan shares in their demat accounts as of Thursday will be eligible to receive the bonus shares. Under the market regulator SEBI’s T+1 settlement cycle, investors must buy shares of a company at least one trading day before the record date so that they are credited to their demat accounts by that day, making them eligible for the dividend.

Samsung reported a significant profit jump, driven by strong AI chip demand. However, its stock declined amid concerns about the AI boom’s durability. Memory chip prices continued to climb, boosting Samsung’s earnings considerably. Analysts noted that bonus provisions impacted the reported operating profit figures. Future growth depends on sustained AI infrastructure spending by major technology firms.

Brent crude futures rose 28 cents, or 0.39%, to $72.29 a barrel, while U.S. West Texas Intermediate (WTI) crude gained 29 cents, or 0.26%, to $68.84 a barrel. Both benchmarks had settled close to their pre-Iran war levels on Monday.

The two-wheeler major launched its share buyback on July 1 as it aimed to buy back 46.94 lakh shares or 1.68% of the total paid-up share capital, with the record date being fixed on June 24.

On July 3, three stocks in the Nifty500 appeared on the ‘White Marubozu’ bullish scanner, according to StockEdge’s technical scan data. The bullish candlestick pattern signals strong buying interest throughout the trading session, reflecting positive market sentiment and indicating the potential for a continuation of the upward price trend.

Five stocks from the Nifty500 segment that gained over 4% featured in the RSI Trending Up scan on July 3 after showing improving momentum. The RSI moved above the 50 mark from lower levels, signalling strengthening price action, improving sentiment and potential short-term buying opportunities for traders tracking bullish technical setups.

Brent crude futures slipped 24 cents, or 0.e33%, to $71.88 a barrel. U.S. West Texas Intermediate crude fell 11 cents, or 0.16%, to $68.58 a barrel. WTI did not settle on Friday as U.S. markets remained closed ahead of the Independence Day holiday on Saturday.

SBI Securities expects Nifty’s breakout to strengthen if it crosses 24,450, opening the door to 24,900. While small-caps continue outperforming, Bank Nifty retains a positive bias. The brokerage also highlights Aurobindo Pharma, DLF, Titan and Oberoi Realty among top picks.