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"RSI trending up" means that the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the price of the stock.

Indian markets may consolidate on June 6 amid mixed global cues. Experts suggest buying MCX, Britannia, Brigade Enterprises, Hindustan Zinc, and UltraTech Cement Futures for short-term gains. Nifty50 must hold 24,700 for upward momentum towards 25,100, with support at 24,500. Options data indicates a broader range between 24,300 and 25,300.

Bajaj Finserv promoters plan to sell a 1.6% stake via a Rs 4,750 crore block deal. The transaction may be upsized by Rs 1,078 crore. The stake sale comes despite strong Q4FY25 earnings. Bajaj Finserv shares ended lower on Thursday ahead of the deal.

ICICI Securities has downgraded Ceat to Hold with a target price of Rs 3625, despite a strong Q4 performance showing a 14.36% increase in total income. Ceat aims to lead in the PV replacement segment and expand its TBR market share, while integrating CAMSO. The downgrade reflects concerns about US tariffs and rich valuations after a recent stock surge.

Tesla lost over $152 billion in market value as shares plunged 14.26% amid a dramatic fallout between Elon Musk and Donald Trump. The feud erupted over Trump’s “Big Beautiful Bill,” with Musk accusing Trump of corruption and threatening to decommission SpaceX contracts. The escalating clash rattled investors and raises questions about Musk’s political future.

Japan s Nikkei climbed on Friday, buoyed by a weaker yen and futures demand ahead of special quotation price fixings, despite a projected weekly loss. Chip stocks and automakers like Honda and Nissan saw gains. Mercari and Oriental Land led percentage increases. Conversely, Panasonic declined following Tesla s share plunge.

V. Srivatsa of UTI Mutual Fund suggests navigating market volatility by focusing on domestic sectors like autos and banking, while reducing exposure to global autos and metals. He notes that while IPO valuations appear high, value can be found in private sector banking, telecom, and chemicals. The fund is also increasing exposure to domestic-oriented industries.

Indian equity valuations puzzle experts. Cement companies are pricier than global peers. Some believe retail investors follow tycoons like Mukesh Ambani and Gautam Adani. Adani s cement consolidation may boost pricing power. Domestic funds face pressure to invest due to liquidity. Tech stocks attract global investors, but India lags in innovation. Local investors drive up valuations, even for mediocre firms.

Ashoka Buildcon shares: The project, with an estimated value of Rs 1,387.19 crore, entails the design, deployment, operation, and upkeep of the Intelligent Traffic Management System (ITMS) across Nagpur, Mumbai, Pune, Marathwada, and the Konkan & Western Maharashtra regions.

JSW Energy has commissioned 281 MW of renewable capacity, boosting its total to 12,499 MW. The company s subsidiary also signed a 25-year PPA with Adani Electricity for a 250 MW wind project. These developments support JSW’s push toward 30 GW capacity and carbon neutrality by 2050.