The Economic Survey 2023-2024, released by the Finance Minister, addresses the “Chinese Conundrum.” It notes that India may not easily replace China in global manufacturing, despite India’s rapid growth. The Survey emphasizes China’s dominance in global supply chains and critical minerals, affecting India’s renewable energy. It also points out that import restrictions alone won’t effectively tackle China’s competitive advantage.
Negative Breakout: These 8 stocks cross below their 200 DMAs
In the Nifty200 pack, eight stocks’ closing prices crossed below their 200 DMA (Daily Moving Averages) on June 25, according to stockedge.com’s technical scan data.