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Several stocks with market valuations exceeding Rs 1000 crore exhibited noteworthy movements by surpassing their 50-day SMA, signaling potential changes in their stock trends.
On Monday, 2062 stocks advanced, 1675 declined and 170 remained unchanged, with an advance decline ratio of 1.23 on the Bombay Stock Exchange (BSE), indicating a negative closing of stocks in broader markets. Domestic equities prompted buying, notably in the IT sector, as a result of the global market s recovery following a big slump.