The number of index constituents trading above 200-DMA, another technical indicator, is also favourable. At present, 70% of the Nifty 50 constituents are trading above the threshold — one of the highest among the all major markets, according to Bloomberg data.
ESAF Small Finance Bank shares soar 11% after board approves Rs 735-crore bad loan sale to ARC
ESAF Small Finance Bank shares jumped following the board’s approval to sell non-performing loans to an asset reconstruction company. The bank also partnered with Maruti