On the Relative Strength Index (RSI) screener, 34 largecap stocks are trending towards higher RSI as of 4:00 pm today, with NMDC having crossed the 70 threshold indicating that the stock may be overbought (an RSI value >70, an overbought stock, suggests that the share price of the company may start losing momentum soon). NMDC has been gaining on news of increasing iron ore prices, which is good news for the company's margins. 

Companies in the metal sector, including Vedanta and Tata Steel, figure in the overbought screener as they near the 70 mark. Vedanta hit a new year high in share price after the metals and mining conglomerate said that it plans to invest around Rs 50,000 crore on business expansion in India in the coming years.