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Pakistani farmers fear widespread desertification and hunger as India threatens to cut off water supplies from the Indus River following a terrorist attack in Kashmir. India suspended the Indus Waters Treaty, raising concerns about irrigation for 80% of Pakistani farms and potentially crippling the nation's economy due to water shortages impacting agriculture and electricity generation.
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Fear is the driving force in the market rather than valuations. The 90 day pause on tariffs gives countries to reach bilateral agreements with the US and hence FY26 is likely to be very volatile.
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In the NSE list of stocks with a market cap over Rs 1000 crore, four stocks close prices crossed above their 200 DMA (Daily Moving Averages) on April 25, 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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