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HDFC Bank, ACC, Tata Steel: Over half of NSE 500 stocks slip below 200-DMA

To better understand the market direction in the days ahead, traders and investors consider the 200-DMA as a more reliable average than its peers 50-DMA and 100-DMA.

Topics
HDFC Bank shares | Tata Steel | stock market trading

Avdhut Bagkar & Puneet Wadhwa  |  Mumbai / New Delhi 



bear market, sensex, nifty, loss, growth, investment
Stocks

The sharp fall in Indian equity over the past few weeks has seen 281 stocks, or 56 per cent of the stock that comprise the NSE 500 index, slip below their 200-day moving average (DMA). If the weak sentiment persists, they can slip further, which should be a cause for concern, analysts said.

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First Published: Mon, February 14 2022. 11:56 IST

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