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Over half of Nifty500 stocks dip below their 200-DMA. Is the fall overdone?

The fresh sell-off on Monday pulled another 37 stocks below 200-DMA taking the total tally to 268

Topics
Bearish market | Market sell off | Buzzing stocks

Puneet Wadhwa & Avdhut Bagkar  |  New Delhi / Mumbai 



Photo: Shutterstock
The recent correction, technical analysts said, has dampened the overall sentiment as the significant support levels were breached and weakness in the global markets amid upcoming key domestic data have put a sense of nervousness among market participants

have mostly been on a downward spiral since last week when the US Federal Reserve (US Fed) hiked rates by 75 basis points – the third such hike in 2022. The and the have tumbled over 1 per cent each since then, and have turned negative in 2022 as regards the overall returns.

ALSO READ: Markets may remain volatile with selling bias: IIFL Securities chairman

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First Published: Mon, September 26 2022. 11:32 IST

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