The NSE Nifty gained 0.67%, or 161.7 points, to finish at 24,328. The BSE Sensex moved 0.65% or 520.9 points higher at 80,116. Both indices have surged over 8.3% each in the past seven trading sessions. This is their longest winning run in a month.
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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