Indian bond traders have urged the Reserve Bank of India to intervene by purchasing government debt and adjusting auction rules to alleviate market pressure. They specifically requested open market operations and a shift to uniform pricing at auctions to lower borrowing costs and boost investor confidence amid elevated yields and tight liquidity.
Negative Breakout: These 8 stocks cross below their 200 DMAs
In the Nifty200 pack, eight stocks’ closing prices crossed below their 200 DMA (Daily Moving Averages) on June 25, according to stockedge.com’s technical scan data.