Eight Nifty 500 stocks cross above 200-day moving averages

Eight stocks in the Nifty 500 index closed above their 200-day moving averages on June 2, 2026. The crossings were identified through technical scan data from StockEdge.com.

The 200-day daily moving average serves as a key indicator for traders assessing overall stock trends. Stocks trading above this level are generally viewed as being in an uptrend on the daily timeframe. The eight companies that crossed above their respective 200 DMAs include Titagarh Rail Systems, Olectra Greentech, Bosch, Motilal Oswal Financial Services, Indegene, Supreme Petrochem, Tega Industries and Anant Raj. Specific closing prices and 200 DMA levels were recorded for each stock, with all LTP figures exceeding the average thresholds on that date.

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Split-scene illustration of BSE trading floor showing high-priced stocks' divergent FY26 performance: laggards crashing amid global tensions, gainers surging.
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High-priced BSE stocks diverge in FY26 performance

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Among 68 high-priced stocks trading above Rs 5,000 on the BSE, FY26 has brought more declines than gains amid global uncertainty and geopolitical tensions. The top six laggards fell 25-40%, while top gainers surged 40-130%. Institutional holdings vary across these stocks.

On April 20, eight NSE stocks with market capitalizations over Rs 10,000 crore closed above their 200-day moving averages, signaling a potential uptrend per stockedge.com data.

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The Nifty index achieved a strong breakout above the 23,500 level, leading technical analysts to become more optimistic about further advances.

Benchmark indices Nifty and Sensex climbed over 0.9% and 1% respectively on Tuesday, amid short covering in anticipation of US-Iran peace talks following the recent ceasefire. Foreign institutional investor selling also eased, supporting the rebound.

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Despite weakness in the broader market due to escalating Middle East tensions and hawkish US Federal Reserve signals, certain smallcap stocks in India posted strong gains of up to 41% over five sessions. Crude oil prices rose above $110 per barrel, raising inflation concerns. A selective rally highlighted top performers across various sectors.

The S&P 500 and Nasdaq closed at record highs on Friday, driven by strong corporate earnings and declining crude oil prices. The indices notched their longest weekly gain streak since October 2024 amid an earnings-heavy week.

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Der Dax beendete den Handelstag am Dienstag mit einem Minus von 0,7 Prozent bei 24.433 Punkten. Der Index startete bei 24.608 Zählern und fiel am Nachmittag ab.

 

 

 

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