Nine of the top 10 valued firms added Rs 3.35 lakh crore in their market valuation last week in tandem with a positive trend in equities, led by Reliance Industries. HDFC Bank, Tata Consultancy Services (TCS), ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever and ITC were the gainers among the top 10 companies. Bharti Airtel was the only laggard.
Positive Breakout: These 7 stocks cross above their 200 DMAs
In the Nifty500 pack, seven stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on July 22, according to stockedge.com’s technical scan data.