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Indian equity markets corrected significantly in February, with Nifty down ~6%, driven by global trade tensions, weak earnings, and FPI outflows. However, signs of stabilization are visible.
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In the Nifty200 pack, 10 stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on March 27, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:
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Japan's Nikkei average fell over 1% on Friday with automakers tracking Wall Street losses after U.S. President Donald Trump announced trade tariffs. Toyota Motor and Honda Motor shares dropped significantly. Trump plans a 25% tariff on imported cars and light trucks starting April 3, with auto parts tariffs from May 3. Investors are preparing for reciprocal tariffs from other countries.
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