NIFTY 50 largely rose +1.6% (+370 pts), closed at 22968 points, rose 6 days in a row, the best % gain in nearly 4 months, also hit a record high.
Among the 150 largest-cap stocks, 120 (80%) closed higher. For 3 days in a row, NIFTY 50 rose but more than half of NSE stocks ended lower. Today, 45% of all NSE stocks rose with the index. The market is tiring.
In terms of sectors, 10 sectors closed up, 2 sectors closed down, ranging from -0.7% to +1.9%. 6 sectors outperformed the market. The market was up +0.9%; Energy was up +1.9%, the best performer; Healthcare was down -0.7%, the worst performer.
● JIO Financial Services (JIOFIN) largely rose +2.8% (+$10.1), closed at $367.75, crossed above MA20 and MA50 ($362.9, $360). The largest increase in volume.
360miq.com/stockinfo?code=JIOFIN.N
● Rail Vikas Nigam (RVNL) soared +9% (+$30.85), closed at $372.25, hit a record high. The best performer with a significant increase in volume.
360miq.com/stockinfo?code=RVNL.N
● Mazagon Dock Shipbuilders (MAZDOCK) largely rebounded +8.6% (+$247.25), closed at $3125.75, hit a record high.
360miq.com/stockinfo?code=MAZDOCK.N
● Adani Enterprises (ADANIENT) surged +7.8% (+$246.35), closed at $3387.3, rose 3 days in a row, the best % gain in more than 5 months, also hit a YTD high.
360miq.com/stockinfo?code=ADANIENT.N
● Lupin (LUPIN) largely retreated -4.8% (-$83.15) after a 3-day winning streak, closed at $1632.65, the worst % loss in 15 months, crossed below MA20 ($1643.36). The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=LUPIN.N
● Max Healthcare Institute (MAXHEALTH) largely fell -4.2% (-$35.25), closed at $803.05, the worst % loss in 1 month, crossed below MA20 ($821.01).
360miq.com/stockinfo?code=MAXHEALTH.N
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