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In the Nifty 500 pack, seven stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on June 18, 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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The announcement comes as Trump pressures big technology firms to increase manufacturing in America.
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Siemens Energy India shares are set to debut on the stock market following its demerger from Siemens. Analysts predict substantial growth, projecting a 40% CAGR in earnings until FY27. With a potential market capitalization exceeding USD 10 billion, it could become India's largest T&D equipment player. Strong order books, capacity expansion, and government T&D projects fuel optimism.
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