The Reserve Bank of India sold $88.75 billion in forwards in February, up from $77.52 billion in January, to defend the rupee amid U.S. tariff-related volatility. Spot sales dropped, indicating a strategic rollover of contracts.
In the Nifty500 pack, seven stocks’ close prices crossed below their 200 DMA (Daily Moving Averages) on March 4, according to stockedge.com’s technical scan data.
Engineering and capital goods stocks are under pressure due to the Iran-Israel conflict, with the BSE Capital Goods index falling nearly 4%. Companies like Larsen
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