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.
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.