The Bank of Japan is signaling a near-term interest rate hike, with a board member suggesting a decision is imminent and won’t wait for next year’s wage talks. This follows recent comments from the Governor, indicating growing momentum for an increase to address persistent inflation and normalize borrowing costs. The central bank aims to manage economic conditions effectively.
Negative Breakout: These 7 stocks cross below their 200 DMAs
In the Nifty500 pack, seven stocks’ close prices crossed below their 200 DMA (Daily Moving Averages) on March 4, according to stockedge.com’s technical scan data.