Record indices, weak breadth: Nifty50, Sensex soar but broad market weak; most Nifty500 stocks below trend averages
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…