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NSE Market Update 2024-01-16

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NIFTY 50 slightly fell -0.3% (-64.7 pts) after a 5-day winning streak, closed at 22032 points.

Among the 150 largest-cap stocks, 57 (38%) closed higher. Only 29% of all NSE stocks ended higher.

In terms of sectors, 2 sectors closed up, 10 sectors closed down, ranging from -1.9% to 0.4%. 4 sectors outperformed the market, the market internal was more negative. The market was down -0.3%; Basic Materials was up 0.4%, but already the best performer; Real Estate was down -1.9%, the worst performer.

● Life Insurance Corporation Of India (LICI) spiked 4.4% (+$37.75), closed at $892.55, hit a record high. The largest increase in volume.
360miq.com/stockinfo?code=LICI.N

● Indian Railway Finance (IRFC) jumped 9% (+$11.75), closed at $141.85, rose 6 days in a row, hit a record high. The best performer with a significant increase in volume.
360miq.com/stockinfo?code=IRFC.N

● JIO Financial Services (JIOFIN) largely retreated -6.7% (-$17.9) after a 3-day winning streak, closed at $248.85. The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=JIOFIN.N

360miq.com/market?data=NSE#tab-3

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