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NSE Market Update 2024-05-10

360MiQ 0

NIFTY 50 rebounded +0.4% (+97.2 pts) after a 5-day losing streak, closed at 22055 points, fell -1.9% (-421 pts) for the week after a 2-week winning streak.

Among the 150 largest-cap stocks, 112 (75%) closed higher. 63% of all NSE stocks ended higher.

In terms of sectors, 10 sectors closed up, 2 sectors closed down, ranging from -0.7% to +1.8%. 7 sectors outperformed the market, the market internal was more positive. The market was up +0.8%; Basic Materials was up +1.8%, the best performer; Technology was down -0.7%, the worst performer.

● Polycab India (POLYCAB) largely rebounded +6.1% (+$352.15), closed at $6155.65, the best % gain in more than 9 months, also hit a record high, rose +5.5% (+$323.5) for the week, rose 3 weeks in a row. The largest increase in volume today.
360miq.com/stockinfo?code=POLYCAB.N

● Hindustan Zinc (HINDZINC) largely rebounded +15.2% (+$69.35), closed at $525.5, the best % gain in 1 month, also hit a record high, rose +11.8% (+$55.4) for the week, rose 3 weeks in a row. The best performer today with a huge increase in volume.
360miq.com/stockinfo?code=HINDZINC.N

● Bank of Baroda (BANKBARODA) largely fell -3% (-$7.8), closed at $254.85, fell -7.6% (-$20.9) for the week after a 2-week winning streak. The worst performer today with a slight increase in volume.
360miq.com/stockinfo?code=BANKBARODA.N

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

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