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NSE Market Update 2024-03-01

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NIFTY 50 largely rose 1.6% (+356 pts), closed at 22339 points, the best % gain in 1 month, also hit a record high, rose 0.6% (+126 pts) for the week, rose 3 weeks in a row.

Among the 150 largest-cap stocks, 117 (78%) closed higher. 66% of all NSE stocks ended higher.

In terms of sectors, 10 sectors closed up, 2 sectors closed down, ranging from -0.8% to 2.1%. 6 sectors outperformed the market. The market was up 1.1%; Energy was up 2.1%, the best performer; Healthcare was down -0.8%, the worst performer.

● CG Power and Industrial Solutions (CGPOWER) spiked 4.9% (+$21.75), closed at $465, the best % gain in more than 3 months, also a 21-day high, rose 7.2% (+$31.3) for the week, rose 2 weeks in a row, crossed above MA50 ($449.12). The largest increase in volume today.
360miq.com/stockinfo?code=CGPOWER.N

● Steel Authority of India (SAIL) spiked 9.7% (+$11.8), closed at $133, the best % gain in nearly 37 months, rose 3.9% (+$5) for the week, rose 2 weeks in a row, crossed above MA20 ($128.71). The best performer today with a huge increase in volume.
360miq.com/stockinfo?code=SAIL.N

● Max Healthcare Institute (MAXHEALTH) plunged -7.1% (-$56.6), closed at $736.75, the worst % loss in 3 years, also a 22-day low, fell -13.5% (-$115.15) for the week, fell 3 weeks in a row, crossed below MA50 ($769.84). The worst performer today with a huge increase in volume.
360miq.com/stockinfo?code=MAXHEALTH.N

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

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