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Nifty PSU Bank index dips below 200-DMA after more than 2 years; what next?

The PSU Bank index had zoomed 200% to a high of 8,053 after breaking above its 200-DMA in July 2022. At present, most PSU Bank stocks, barring SBI, are trading below this long-term moving average.

By: business-standard.com

Sep 09 2024
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Nifty PSU Bank index dips below 200-DMA after more than 2 years; what next?

Nifty PSU Bank index dips below 200-DMA after more than 2 years; what next?

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Nifty PSU Bank index dips below 200-DMA after more than 2 years; what next?

India will require 20X growth in financial services sector with banking playing critical role to achieve an ambitious $30 trillion GDP by 2047