Asian markets followed Wall Street higher after the US Federal Reserve lowered interest rates. Fed Chair Jerome Powell indicated confidence in the US economy’s future. This move boosted tech and financial stocks across Asia. Investors anticipate positive trends for Asian equities and currencies. Export companies are expected to benefit from improved US growth prospects.
Positive Breakout: These 11 stocks cross above their 200 DMAs
In the NSE list of stocks with a market cap over Rs 1000 crore, 11 stocks’ close prices crossed above their 200 DMA (Daily Moving