In the NSE list of stocks, five stocks with a market cap of over Rs 1000 crore are witnessing Golden Crossovers, according to stockedge.com’s technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside. These stocks’ 50-day simple moving averages (SMA) crossed their 200-day SMAs on May 25.
Four major IPOs to hit the market this week to garner Rs 6,600 crore
The IPO market is set to revive. Next week, Schloss Bangalore and Aegis Vopak Terminals, along with Prostar Info Systems and Scoda Tubes, will launch