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In the NSE list of stocks with a market cap over Rs 5000 crore, nine stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on July 10, 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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Trump also threatened blanket tariffs of 15% or 20% on most trade partners, and said he will soon announce new tariffs on the EU.
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The S&P 500 and Nasdaq reached record closing highs, propelled by Delta Air Lines' optimistic forecast and Nvidia's milestone valuation. Investors seemingly shrugged off President Trump's latest tariffs, focusing instead on positive economic signals like lower-than-expected jobless claims. While some sectors lagged, overall market sentiment remained positive, buoyed by anticipation of future rate cuts and the start of earnings season.
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