In a week marked by market stagnation, Indian equity indices closed on an unremarkable note, affected by geopolitical uncertainties and elevated crude oil prices. Experts forecast that without any significant triggers, the Nifty may continue its rangebound trajectory. Crude oil prices consistently stayed above ninety dollars a barrel, with foreign portfolio investors offloading shares while local institutional buyers were active in the market.
Negative Breakout: These 5 stocks cross below their 200 DMAs
In the Nifty200 pack, five stocks’ closing prices crossed below their 200-day moving averages (DMA) on October 23, according to technical scan data from StockEdge.