day moving average as FPI selling intensifies
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Three in every four stocks in the Nifty 500 index fell below their 100-day moving average as of Thursday.
- ✓Heavy FPI selling, rising bond yields, and weak auto sales caused this pressure.
- ✓Many investors now worry as the market shows technical weakness, with crude prices also adding to the ongoing trouble.
Story at a Glance
- Category
- MARKET
- Reported By
- CNBC TV18
- Reading Speed
- 1 Minute(s)
- Market Focus
- India Economy
Three in every four stocks slip below 100-day moving average as FPI selling intensifies
Indian equities are facing growing technical weakness, with three-fourths of Nifty 500 stocks trading below their 100-day moving averages. Heavy FPI selling, elevated crude prices, rising bond yields and weak auto sales have added to the pressure.
By Yoosef K
The extended selloff in Indian equities is increasingly testing key technical levels, with a growing number of stocks falling below their medium- and long-term moving averages. As of Thursday, three-fourths of Nifty 500 constituents were trading below their 100-day moving averages, pointing to continued weakness across the broader market.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
CNBC TV18
Read the full, original unfiltered story directly on the publisher's portal.