NIFTY 50 rose 0.7% (+160 pts) after a 3-day losing streak, closed at 21622 points, fell -1.2% (-273 pts) for the week, is testing MA20 (21663 pts).
Among the 150 largest-cap stocks, 117 (78%) closed higher. 68% of all NSE stocks ended higher, good for the market.
In terms of sectors, all sectors were up with gains from 0.6% to 2.1%. 5 sectors outperformed the market. The market was up 1.1%; Communication was up 2.1%, the best performer, reflecting an increasing risk appetite; Healthcare was up 0.6%, but already the worst performer.
● Rail Vikas Nigam (RVNL) surged 19.6% (+$47.65), closed at $291.25, rose 9 days in a row, the best % gain in nearly 27 months, also hit a record high, rose 43.3% (+$88) for the week, rose 4 weeks in a row. The best performer today with a significant increase in volume.
360miq.com/stockinfo?code=RVNL.N
● General Insurance Corporation of India (GICRE) largely rebounded 16.5% (+$50.35) after a 3-day losing streak, closed at $356.05, the best % gain in more than 8 months, also a 1535-day high, rose 16.6% (+$50.6) for the week, crossed above MA20 ($312.64). The largest increase in volume today.
360miq.com/stockinfo?code=GICRE.N
● IndusInd Bank (INDUSINDBK) largely fell -3.2% (-$51.8), closed at $1561.1, fell 4 days in a row, the worst % loss in more than 8 months, also a 20-day low, fell -6.7% (-$112.9) for the week after a 3-week winning streak. The worst performer today with a huge increase in volume.
360miq.com/stockinfo?code=INDUSINDBK.N
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