Raymond, Coal India: Over 60% of Nifty500 stocks trade above 200-DMA

Given the recent underperformance of the mid-and small-caps compared to their larger peers, analysts expect these two market segments, especially the small-caps, to catch up now

Puneet Wadhwa & Avdhut Bagkar | New Delhi / Mumbai
Last Updated at November 28, 2022 23:55 IST

Illustration: Ajay Mohanty

The optimism and bullish momentum of the frontline indices – the S&P BSE Sensex and the Nifty50 – is slowly spreading to the broader markets as well with 312 stocks out of 500 that comprise the Nifty 500 index, or nearly two-thirds, now trading above their respective 200-day moving average (DMA), data show.

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