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In the NSE list of stocks with a market cap over Rs 1000 crore, 10 stocks' closing prices crossed below their 200 DMA (Daily Moving Averages) on March 11, according to stockedge.com's technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates that the stock's price is below its long-term trend line. Traders use the 200 DMA as a key indicator to determine the overall trend in a particular stock. Take a look:
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The move comes weeks after the US Supreme Court struck down a key part of Trump's tariffs policies.
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Brent crude oil prices have surged past $100 a barrel. This spike follows Iranian attacks on commercial shipping. Global financial markets are reacting to supply concerns. The International Energy Agency and the U.S. are releasing oil reserves. Inflation worries are increasing. This situation could lead to stagflation.
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