RIL, Maruti Suzuki: These 53 stocks from Nifty500 are trading below 200-DMA

Despite the Sensex and Nifty indices reclaiming their crucial resistances, this situation on chart indicates weakness and hints at a probability of further decline

Breaking away from their two-day losing streak, benchmark indices were on course for yet another firm session on Friday, as investors looked past the global inflation concerns and hoped for a pick-up in Covid vaccination drive back home. Besides, strong March quarter results also supported the sentiment on Dalal Street. 

Earlier this week, the S&P BSE Sensex closed above the 50,000-mark for the first time since April 1. The Nifty50, on the other hand, clinched the 15,000-mark on a closing basis for the first time since March 12. The indices, however, succumbed to profit-booking and erased around 1 per cent