Shares of banks and NBFCs went up by as much as 4% after the RBI shifted its policy stance to ‘neutral’. This change hints at a possible rate cut cycle from December. Shriram Finance saw the biggest gain in Nifty, rising over 4%. Other financial stocks also gained significantly, boosting the Sensex by 500 points.
Death Crossovers: These 4 stocks signal bearishness on Dec 23
In the Nifty 500, four stocks were witnessing Death Crossovers, according to stockedge.com’s technical scan data. The death cross is a technical indicator of bearishness.
December 23, 2024