Record indices, weak breadth: Nifty50, Sensex soar but broad market weak; most Nifty500 stocks below trend averages – The Times of India
Despite key indices Nifty 50 and Sensex hitting record highs recently, broad market optimism remains limited, with nearly half of NSE’s top 500 stocks still lagging a key technical benchmark. A study by Samco Securities shows that within the Nifty 500 universe, only 40 per cent of stocks are trading above their 50-day simple moving…