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NSE Market Update 2023-12-22

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NIFTY 50 rose 0.4% (+94.4 pts), closed at 21349 points, fell -0.5% (-108 pts) for the week after a 7-week winning streak.

Among the 150 largest-cap stocks, 107 (71%) closed higher. 67% of all NSE stocks ended higher, good for the market.

In terms of sectors, 11 sectors closed up, 1 sector closed down, ranging from -0.1% to 2.3%. 7 sectors outperformed the market, the market internal was more positive. The market was up 0.8%; Real Estate was up 2.3%, the best performer; Financial was down -0.1%, but already the worst performer.

● GAIL (India) (GAIL) soared 7.7% (+$10.8), closed at $151.5, the best % gain in 21 months, also hit a record high, rose 3.9% (+$5.65) for the week, rose 4 weeks in a row. The best performer today with a huge increase in volume.
360miq.com/stockinfo?code=GAIL.N

● Wipro (WIPRO) surged 6.6% (+$28.65), closed at $462.65, the best % gain in 29 months, also hit a YTD high, rose 3.6% (+$16.1) for the week, rose 6 weeks in a row.
360miq.com/stockinfo?code=WIPRO.N

● Polycab India (POLYCAB) largely retreated -4.6% (-$260), closed at $5359.3, the worst % loss in 1 year, fell -5.5% (-$310.7) for the week after a 2-week winning streak, crossed below MA20 ($5455.12). The worst performer today with the largest increase in volume.
360miq.com/stockinfo?code=POLYCAB.N

● Varun Beverages (VBL) largely retreated -4.1% (-$52.7) after a 4-day winning streak, closed at $1238.6, the worst % loss in nearly 2 months, rose 12.7% (+$139.6) for the week, rose 2 weeks in a row.
360miq.com/stockinfo?code=VBL.N

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