In the Nifty200 pack, four stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on October 30, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:
Economy revving but inflation gauge flashing red: RBI’s Das
RBI Governor Shaktikanta Das stated that India’s economy remains robust but warned of escalating inflation, potentially surpassing September’s 5.5%. He indicated that high inflation might