In the Nifty50 pack, four stocks’ close prices crossed below their 200 DMA (Daily Moving Averages) on April 7, according to stockedge.com’s technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates that the stock’s price is below its long-term trend line. The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock. Take a look:
Double cheer continues for India Inc in Q4 profit growth
Corporate India’s net profit surged in the March quarter, driven by reduced non-operating costs, while revenue growth remained moderate. Excluding banking and finance, profit growth