The Nifty index experienced its longest five-month decline since its inception, falling around 14% from October to February. This recent downturn is notable, though not as severe as the 22% drop during a similar period in 2001.
Negative Breakout: Suzlon Energy among 8 stocks that crossed below their 200 DMAs
In the Nifty500 pack, eight stocks’ closing prices crossed below their 200 DMA (Daily Moving Averages) on July 28, according to stockedge.com’s technical scan data.