The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock.
India’s state-run firms seen extending dream rally on Modi bets
Modi’s government is spending billions of dollars on everything from roads and railways to defense, renewing interest in a sector that has for long been a straggler of India’s $4 trillion stock market. The S&P BSE PSU Index, a gauge that includes some of the nation’s largest power utilities, miners, oil refiners and engineering firms, has surged 44% thus far in 2023.
Taking Stock: Sensex, Nifty extend winning run to 7th day, hit record highs yet again
Market breadth was neutral, as about 1,633 shares advanced, 1,611 declined and 90 remained unchangedNifty nears 21,000-mark on sustained rally; IT stocks, Adani RIL hot picks
Going by the strong bullish trend, most analysts suggest investors use every decline as a #39;buying-on-dip#39; opportunityGold steady as markets await U.S. jobs data
GLOBAL-PRECIOUS/PRECIOUS-Gold steady as markets await U.S. jobs data
Asia stocks gain as lower bond yields buoy tech; oil sags
Meanwhile, crude oil sank to a nearly five-month low, while bullion held steady after dropping back from an all-time high. Bitcoin traded just below $44,000 following its surge this week to a 20-month peak.
Dollar steady as traders weigh labour data, rate outlook
The dollar index, which measures the U.S. currency against six rivals, was 0.019% higher at 103.99, having climbed 0.3% overnight. The index is up 0.5% this month, after sliding 3% in November, its steepest monthly decline in a year.
Taking Stock: Record run continues; rally extends to sixth day led by power, banks
Top gainers on the Nifty were Adani Enterprises, Adani Ports, Power Grid Corporation, NTPC and SBI, while losers were LTIMindtree, HCL Technologies, Divis Labs, HUL and Bajaj AutoNifty extends bull run to 6th session to climb 20,800; Bank Nifty crosses 47,000 for first time
Nifty Bank also extends its stellar gains from the previous session and rise another percent to scale a new high of 46,933.15F&O Ban: Indiabulls Housing, ZEEL among 4 stocks under trade ban on Tuesday
The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Traders who trade in indices do not encounter a situation of security ban.