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Cadence Design is expected to pay over $100 million to the U.S. government to settle an investigation into illegal sales of chip design products to China's National University of Defense Technology (NUDT). NUDT is believed to use the technology for nuclear explosion simulations.
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News and Media
In the Nifty500 pack, five stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on July 28, 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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News and Media
Angel One's Rajesh Bhosale suggests the market may remain pressured unless it surpasses 25,000, with 24,600 as a crucial support level. While FMCG and pharma sectors offer some support, heavyweights lag.
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News and Media
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