Record indices, weak breadth: Nifty50, Sensex soar but broad market weak; most Nifty500 stocks below trend averages
Despite Nifty 50 and Sensex reaching record highs, broad market optimism is limited as nearly half of NSE's top 500 stocks lag key technical benchmarks. Only 40% of Nifty 500 stocks are above their 50-day SMA, indicating weak market breadth driven by large-cap gains. Retail investors remain cautious, with many mid and small-cap stocks still significantly below prior peaks.
Despite Nifty 50 and Sensex reaching record highs, broad market optimism is limited as nearly half of NSE's top 500 stocks lag key technical benchmarks. Only 40% of Nifty 500 stocks are above their 50-day SMA, indicating weak market breadth driven by large-cap gains. Retail investors remain cautious, with many mid and small-cap stocks still significantly below prior peaks.
