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In the Nifty200 pack, seven stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on April 21, 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 fourth quarter earnings season is gaining traction, with key reports expected from Waaree Energies, Tata Communications, and HCL Tech. HCL Technologies anticipates a sequential revenue drop due to seasonal factors, with projected YoY revenue growth around 5% and net profit growth at 8%. Investors will closely monitor the impact of macro conditions and deal momentum.
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The dollar weakened near a three-year low as President Trump's criticism of Fed Chair Powell undermined investor confidence. Concerns arose about potential actions to replace Powell, triggering fears of a dollar panic. Escalating trade tensions with China further fueled economic anxiety, contributing to the dollar's decline against major currencies like the euro and Swiss franc.
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