Amidst regulatory actions impacting exchanges and brokers, money managers suggest asset management companies (AMCs) as a safer investment in India’s capital markets. While broking stocks face potential degrowth, AMCs are expected to benefit from consistent inflows. Selective exposure to banking stocks with AMC subsidiaries is also recommended due to attractive valuations.
Negative Breakout: These 5 stocks cross below their 200 DMAs
In the Nifty200 pack, five stocks’ closing prices crossed below their 200-day moving averages (DMA) on October 23, according to technical scan data from StockEdge.