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In the NSE list of stocks with a market cap of over Rs 1000 crore, five stocks closed prices crossed above their 200 DMA (Daily Moving Averages) on January 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.
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119 companies will release third-quarter earnings results, including Bajaj Auto, Hyundai Motor, and Cipla. Bajaj Auto expects a 7% revenue rise despite weak domestic volumes. Hyundai may see a 10% profit drop with a 2% revenue decline due to adverse mix. Analysts predict varied impacts on industries this earnings season.
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A selloff was triggered after a cheap AI model from Chinese startup DeepSeek climbed to the top of Apples appstore, sparking concerns that valuations of the technology may be tough to justify. Japanese stocks fell, with chip-related shares extending Mondays declines. That was after the S&P 500 dropped 1.5% and the Nasdaq 100 sank 3%. Nvidia Corp., the poster child of the AI boom, suffered the biggest market-cap loss for a single stock in market history.
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