Indian markets are set for a robust year. Experts foresee renewed economic momentum fueled by government support. Expect double-digit nominal GDP growth translating to strong earnings. Financials are expected to lead the rally, with autos and technology also showing promise. Government spending on infrastructure, railways, and defence will be key drivers.
Negative Breakout: Suzlon Energy among 8 stocks that crossed below their 200 DMAs
In the Nifty500 pack, eight stocks’ closing prices crossed below their 200 DMA (Daily Moving Averages) on July 28, according to stockedge.com’s technical scan data.