Bulls dominated the market scene on December 8, orchestrating a remarkable rally that propelled the benchmark indices to unprecedented heights. The 50-stock NSE index surged impressively, reaching 21,006.10, while the 30-share BSE index marked a milestone at 69,888.33.
Within the Nifty 50 index, a striking trend emerged as 49 stocks demonstrated robust performance, trading above both their 20 and 50 DMA/SMA (daily moving average/simple moving average).
Moreover, an impressive 48 stocks showcased strength by maintaining positions above the significant 200 DMA.
