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Indias buoyant economic performance has played a critical role in attracting NRI investments. Supportive regulatory measures, Improved ease of doing business have further catalyzed the asset management industry, opening avenues such as Alternative Investment Funds (AIFs), Portfolio Management Services (PMS), Real Estate Investment Trusts (REITs), and Infrastructure Investment Trusts (InvITs) for foreign capital.
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In the Nifty500 pack, four stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on December 24, 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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Domestic markets ended flat in a volatile trade due to lack of fresh triggers. Amber Enterprises, SBI, and Sagility India were notable stocks, with analysts recommending buys at dips, highlighting potential for medium-term gains despite overbought conditions and selling pressures.
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