Economic TimesLean R·
Largecaps bear brunt of selloff as 84% of Nifty 50 stocks slip below 200-DMA
Mumbai: The Indian stock market's latest selloff is increasingly becoming a large-cap story, with 84% of Nifty 50 stocks now trading below their 200-day moving averages (DMAs), while smaller stocks have shown greater resilience.In the Nifty 50, 42 of the 50 stocks are below their 200-DMA. In the Nifty 500, 310 stocks, or 65%, are below the level, compared with 452 stocks, or 45%, in the broader BSE 1000.The 200-day moving average (200-DMA), calculated from the average closing price over the pas…
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