There is negative news on Biocon about US FDA inspection observations for the compan's Malesian plant.....
So we have to see if there are any fundamental issues with working of the company and not worry about such short term moves on the stock.
24 Stocks in Nifty are below 200 DMA and 28 stocks below 100DMA. 275 stocks in Nifty500 are below 200DMA and 278 stocks are below 100DMA . Breadth of market is really bad.