Reserve Bank of India officials met with primary dealers to address bond market challenges. Elevated yields and tight liquidity were key discussion points. Meanwhile, the Indian rupee saw gains, closing stronger against the dollar. This strengthening was attributed to state-run bank dollar sales and central bank intervention in offshore markets. Foreign investors continued to sell Indian equities.
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.