Indian markets ended sharply lower on Friday. Investors now face a packed calendar of global and domestic triggers. The Iran-Israel conflict could escalate, impacting markets. US markets also closed lower. Crude oil prices surged, potentially affecting inflation. FIIs sold equities, while DIIs bought. The IT sector remains under pressure. Oil marketing companies and paint/tyre firms may face headwinds.
Negative Breakout: These 13 stocks cross below their 200 DMAs
In the Nifty500 pack, 13 stocks’ closing prices crossed below their 200 DMA (Daily Moving Averages) on February 27, according to stockedge.com’s technical scan data.