indian stock markets showed bullish signals Wednesday, with 15 companies in the nifty 500 index closing above their 200-day moving average.This technical indicator suggests a sustained upward trend for these stocks. Ten of those companies experienced gains exceeding 1% during the previous trading session, signaling strong momentum.
The 200-day moving average is a widely used tool among traders to gauge the overall direction of a stock. When a stock price consistently remains above this average, it typically indicates a long-term uptrend.
Here’s a look at the top performers as of january 13, 2026, based on data from StockEdge.com:
- Apollo Hospitals enterprise Ltd: Experienced a important surge,closing well above its 200-day DMA.
- Bajaj Finance Ltd: continued its upward trajectory, demonstrating robust investor confidence.
- Bharat Electronics Ltd: Showed strong performance, benefiting from increased demand in the defense sector.
- Divi’s Laboratories Ltd: Maintained its positive momentum, driven by pharmaceutical sector growth.
- HCL Technologies Ltd: Benefited from strong IT sector performance and global demand.
- ICICI Bank Ltd: Continued to demonstrate resilience and growth within the banking sector.
- Infosys Ltd: Remained a key player in the IT sector, with consistent gains.
- Larsen & Toubro ltd: Benefited from infrastructure development projects and strong order books.
- Mahindra & Mahindra Ltd: Experienced gains driven by strong automotive sales and diversification.
- State bank of India ltd: Showed continued strength as a leading public sector bank.
Analysts caution that while these indicators are positive,market conditions can change rapidly. Investors should conduct thorough research and consider their individual risk tolerance before making any investment decisions.