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

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Illustration: Ajay Mohanty

Puneet WadhwaAvdhut Bagkar New Delhi / Mumbai
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.

PODCAST: Will Sensex and Nifty scale new highs before 2022 ends?

For long-term investors, the simple 200-day moving average (DMA) provides a broad outlook of the trend. Investors and traders prefer stocks holding above their respective 200-DMA, as they tend to perform better in a

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First Published: Nov 28 2022 | 12:02 PM IST

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