Indian markets rebounded strongly on Friday, snapping a three-day losing streak, driven by gains in financial stocks after RBI eased provisioning norms. Easing Middle East tensions, a drop in crude prices, and strong investor sentiment contributed to the rally. Key stocks saw heightened activity, while technical indicators suggest upward momentum.
Positive Breakout: Sanghvi Movers, Motherson Sumi among 10 stocks close cross above their 200 DMA
A total of 15 NSE-listed stocks with a market capitalisation of over Rs 1,000 crore closed above their 200-day moving average (DMA) as of August