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NSE Market Update 2024-03-27

360MiQ 0

NIFTY 50 rose 0.5% (+119 pts), closed at 22124 points, is testing MA20 (22149 pts).

Among the 150 largest-cap stocks, 72 (48%) closed higher. Despite NIFTY 50 rising 0.5%, only 42% of all NSE stocks rose with the index.

In terms of sectors, 7 sectors closed up, the market internal was more positive, 4 sectors closed down, 1 sector remained unchanged, ranging from -0.6% to 1.6%. 5 sectors outperformed the market. The market was up 0.3%; Energy was up 1.6%, the best performer; Technology was down -0.6%, the worst performer.

● Solar Industries India (SOLARINDS) sank -4.4% (-$410.2), closed at $8890.75. The worst performer with a slight decrease in volume.
360miq.com/stockinfo?code=SOLARINDS.N

● ABB India (ABB) surged 5.9% (+$349.55), closed at $6279.35, the best % gain in 1 month, also hit a record high. The best performer with a huge increase in volume.
360miq.com/stockinfo?code=ABB.N

● Supreme Industries (SUPREMEIND) jumped 5.6% (+$219.55), closed at $4169.65, crossed above MA20, MA50 and MA200 ($3971.46, $4021.51, $4029.91).
360miq.com/stockinfo?code=SUPREMEIND.N

● Bajaj Holdings & Investment (BAJAJHLDNG) largely fell -3.8% (-$316.9) after a 3-day winning streak, closed at $8096.3, the worst % loss in more than 3 months, also a 46-day low.
360miq.com/stockinfo?code=BAJAJHLDNG.N

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