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In the Nifty500 pack, nine stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on July 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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It comes as two major US share indexes - S&P 500 and Nasdaq Composite - closed at new record highs on Monday.
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GNG Electronics, India's largest refurbisher of laptops and desktops, plans to raise 400 crore through a fresh issue and 60 crore through an offer for sale. The company's revenue and net profit have more than doubled in the last two fiscal years, driven by strong growth in overseas markets.
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