Capital market stocks surged Wednesday as the RBI delayed new lender exposure rules by three months. Originally set for April 1, these norms would have increased costs for brokers and reduced leverage for proprietary traders. The deferment offers temporary relief, with industry associations expected to engage the regulator on reassessing the provisions.
Negative Breakout: These 8 stocks cross below their 200 DMAs
In the Nifty500 pack, eight stocks’ close prices crossed below their 200 DMA (Daily Moving Averages) on July 16, according to stockedge.com’s technical scan data.