Adani Enterp. 2537.45↑61.85(2.50%)
Adani Ports 724.50↑6.25(0.87%)
Apollo Hospitals 4568.15↑31.70(0.70%)
Asian Paints 3123.55↑22.05(0.71%)
Axis Bank 921.05↑3.35(0.37%)
B P C L 363.30↓0.00(0.00%)
Bajaj Auto 4644.00↑126.40(2.80%)
Bajaj Finance 6841.15↑55.20(0.81%)
Bajaj Finserv 1427.35↑0.90(0.06%)
Bharti Airtel 822.70↑21.30(2.66%)
Britannia Inds. 4563.30↑43.50(0.96%)
Cipla 945.45↑7.45(0.79%)
Coal India 240.05↓-0.95(-0.39%)
Divi's Lab. 3435.65↑52.50(1.55%)
Dr Reddy's Labs 4503.95↓-15.30(-0.34%)
Eicher Motors 3651.50↑40.60(1.12%)
Grasim Inds 1701.35↑1.00(0.06%)
H D F C 2647.40↓-24.35(-0.91%)
HCL Technologies 1116.00↑4.05(0.36%)
HDFC Bank 1609.60↓-6.20(-0.38%)
HDFC Life Insur. 572.05↑6.05(1.07%)
Hero Motocorp 2732.80↓-5.90(-0.22%)
Hind. Unilever 2597.25↓-17.70(-0.68%)
Hindalco Inds. 404.25↓-2.65(-0.65%)
ICICI Bank 939.85↓-0.80(-0.09%)
IndusInd Bank 1263.40↓-8.35(-0.66%)
Infosys 1304.35↑5.70(0.44%)
ITC 441.15↑7.65(1.76%)
JSW Steel 696.65↑0.65(0.09%)
Kotak Mah. Bank 1929.95↑19.60(1.03%)
Larsen & Toubro 2204.70↑19.55(0.89%)
M & M 1277.80↑2.10(0.16%)
Maruti Suzuki 9281.85↑11.10(0.12%)
Nestle India 21474.90↑94.30(0.44%)
NTPC 174.50↓-0.45(-0.26%)
O N G C 166.00↓-0.25(-0.15%)
Power Grid Corpn 237.95↑2.15(0.91%)
Reliance Industr 2439.95↓-0.30(-0.01%)
SBI Life Insuran 1177.35↑2.00(0.17%)
St Bk of India 581.25↓-1.45(-0.25%)
Sun Pharma.Inds. 945.00↓-7.15(-0.75%)
Tata Consumer 780.30↑9.15(1.19%)
Tata Motors 514.85↓-5.35(-1.03%)
Tata Steel 104.85↓-0.35(-0.33%)
TCS 3293.50↓-9.85(-0.30%)
Tech Mahindra 1098.10↓-0.65(-0.06%)
Titan Company 2707.95↑0.70(0.03%)
UltraTech Cem. 7621.75↓-32.05(-0.42%)
UPL 675.80↓-6.45(-0.95%)
Wipro 394.10↓-5.60(-1.40%)

Beside Adani Green, Adani Transmission; 14 other stocks hit new 52-week low

Whenever a stock hits a new 52-week low, further fall from a medium-term scale appears realistic, with price endorsing further correction of 10 per cent to 12 per cent.

Avdhut Bagkar Mumbai

Avoid falling prey to mis-selling of insurance

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11 of 16 stocks hitting fresh lows are exposing more downside ahead.

2 min read Last Updated : Jan 31 2023 | 11:23 AM IST

Over half of the stocks in Nifty 500 index trades below the 200-day moving average (DMA), indicating a weaker breadth ahead of the Union Budget 2023. Altogether, 278 stocks failed to enter on bullish radar, suggesting that the trend to tilt in favour of bears if the Union Budget fails to boost domestic sentiment.

Investors and traders regard the 200-DMA as the most relevant indicator for determining the overall trend. A stock or an index trading above its 200-DMA is said to possess bullish underlying bias, and vice versa. All stocks trading over their respective 200-DMA levels signify a positive sentiment.

To add to this scenario, 25 stocks from the lists continue to hit fresh 52-week lows and experienced an aggravated sell-off when market volatility started to rise.