The Nifty fell below the 50 day moving average today, ending the July Expiry day at 5488. The Nifty P/E dipped below 20 as well, with the 1% fall in the index. FMCG stocks went up though, with the index up 1.08%, while banks and realty continue to behave worse than the Nifty. The fall is now more broad based.
(Thanks to dshort.com for the idea)
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