Market at record high but a fifth of Nifty 500 stocks trade below 200-DMA

The 200-DMA is a key long-term moving average in determining a bullish and bearish trend for any stock or underlying index.

Equity benchmark indices climbed record highs in trades on Monday, June 10, 2024 in anticipation of continued reforms as Prime Minister Narendra Modi-led National Democratic Alliance resumed its third-straight term at the centre.

The S&P BSE Sensex topped the 77,000-mark, and hit a new all-time high at 77,079 in today's intra-day deals. Similarly, the NSE Nifty 50 index zoomed past the 22,400 for the first-time ever.

The benchmark indices have gained around 7 per cent so far this calendar year 2024.

Meanwhile, the Nifty MidCap 150 index registered a summit at 20,085, and the SmallCap 250 at 16,328.

Technically, all