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In the Nifty200 pack, six stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on May 16, 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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Gold prices surged over 1% on Monday, fueled by a weaker dollar and renewed trade tensions sparked by U.S. Treasury Secretary Scott Bessent's reaffirmation of President Trump's tariff threats. Spot gold reached $3,247.40 an ounce, while U.S. gold futures hit $3,251.90.
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Vodafone Idea shares plummeted after the Supreme Court rejected its plea to waive over $5 billion in interest and penalties on statutory dues. The telecom operator, burdened with $25 billion in net debt, had sought relief from the Department of Telecommunications, warning about its survival. Despite the government converting some dues into equity, the company faces significant financial stress.
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