Largecaps bear brunt of selloff as 84% of Nifty 50 stocks slip below 200-DMA
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Eighty-four percent of Nifty 50 stocks fell below their 200-day moving averages as large-cap shares faced a major selloff.
- ✓Rohit Srivastava said, "The divergence reflects the performance of different market segments over the past six months." While blue-chip stocks showed weakness, smaller stocks got more resilience in this market.
Story at a Glance
- Category
- MARKET
- Reported By
- The Economic Times
- Reading Speed
- 5 Minute(s)
- Market Focus
- India Economy
Mumbai: The Indian stock market's latest selloff is increasingly becoming a large-cap story, with 84% of Nifty 50 stocks now trading below their 200-day moving averages (DMAs), while smaller stocks have shown greater resilience.
In the Nifty 50, 42 of the 50 stocks are below their 200-DMA. In the Nifty 500, 310 stocks, or 65%, are below the level, compared with 452 stocks, or 45%, in the broader BSE 1000.
The 200-day moving average (200-DMA), calculated from the average closing price over the past 200 trading sessions, is widely regarded as a key indicator of the long term trend of an index or a stock. When a stock trades above it, the trend is considered positive, while when it falls below, it shows weakness.
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The Economic Times
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