Mid- & small-cap selloff could intensify

Experts warn that more stocks will decline if the panic selling continues. Several large-cap stocks, including Kotak Mahindra Bank, ITC, Maruti Suzuki, Adani Green, HDFC Life, Bajaj Auto, M&M, Shree Cement, Eicher Motors, Dr. Reddy's, are currently trading below their 200-day moving averages. Since 200-DMA is a long-term average, it is considered a significant support level for an index or a stock.

via Economictimes

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