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NSE Market Update 2024-02-02

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NIFTY 50 rose 0.7% (+157 pts), closed at 21854 points, rose 2.3% (+501 pts) for the week after a 2-week losing streak.

Among the 150 largest-cap stocks, 104 (69%) closed higher. 52% of all NSE stocks ended higher.

In terms of sectors, 10 sectors closed up, 1 sector closed down, 1 sector remained unchanged, ranging from -0.3% to 2.9%. 3 sectors outperformed the market. The market was up 0.9%; Energy was up 2.9%, the best performer; Consumer Defensive was down -0.3%, but already the worst performer.

● Abbott India (ABBOTINDIA) soared 8.4% (+$2177.3), closed at $28064.3, the best % gain in more than 46 months, also hit a record high, rose 12% (+$3003.55) for the week after a 2-week losing streak. The largest increase in volume today.
360miq.com/stockinfo?code=ABBOTINDIA.N

● SJVN (SJVN) largely rebounded 11.5% (+$14.7), closed at $142.25, the best % gain in more than 4 months, also hit a record high, rose 22.2% (+$25.8) for the week, rose 3 weeks in a row. The best performer today with a significant increase in volume.
360miq.com/stockinfo?code=SJVN.N

● NHPC (NHPC) spiked 10.1% (+$9.25), closed at $100.65, rose 7 days in a row, the best % gain in more than 27 months, also hit a record high, rose 20.8% (+$17.35) for the week, rose 3 weeks in a row.
360miq.com/stockinfo?code=NHPC.N

● Bharat Petroleum (BPCL) jumped 9.8% (+$49.9), closed at $558.35, the best % gain in more than 3 years, also hit a record high, rose 17.7% (+$83.95) for the week.
360miq.com/stockinfo?code=BPCL.N

● Indian Oil (IOC) surged 8.8% (+$13.15), closed at $162.9, the best % gain in more than 116 months, also hit a record high, rose 13.4% (+$19.2) for the week.
360miq.com/stockinfo?code=IOC.N

● Max Healthcare Institute (MAXHEALTH) largely retreated -4.6% (-$36.7) after a 3-day winning streak, closed at $766.4, rose 4.6% (+$33.9) for the week. The worst performer today with a significant increase in volume.
360miq.com/stockinfo?code=MAXHEALTH.N

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