In the NSE list of stocks with a market cap over Rs 10,000 crore, 11 stocks’ closing prices crossed below their 200 DMA (Daily Moving Averages) on January 16, 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:
Mala Gaonkar’s hedge fund assets hit $6 billion in three years
Mala Gaonkar’s SurgoCap Partners experienced a rapid ascent, tripling its assets to $6 billion within three years of its 2023 launch. This marked one of