Largecaps Hit Hard as 84% of Nifty50 Fall Below 200-DMA
The Indian stock market is experiencing significant turmoil with a sharp selloff affecting major companies like Tata Motors and Infosys. Currently, 84% of Nifty50 stocks have slipped below their 200-day moving averages, indicating widespread weakness among largecaps. Meanwhile, smaller stocks in the Nifty 500 are showing relative strength, outperforming many established blue-chip firms.
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