NIFTY 50 largely retreated -5.9% (-1380 pts), closed at 21885 points, the worst % loss in more than 50 months, also a 48-day low, crossed below MA20 and MA50 (22498 pts, 22422 pts).
Among the 150 largest-cap stocks, 18 (12%) closed higher. Only 5% of all NSE stocks ended higher, the least in more than 2 months.
In terms of sectors, 1 sector closed up, 11 sectors closed down, ranging from -14.9% to +1%. 5 sectors outperformed the market, the market internal was more negative. The market was down -7%; Consumer Defensive was up +1%, the best performer, reflecting a more risk-averse market; Utilities was down -14.9%, the worst performer.
● JIO Financial Services (JIOFIN) largely retreated -6.5% (-$23.15), closed at $332.95, the worst % loss in more than 2 months, also a 53-day low, crossed below MA20 ($353.34). The largest increase in volume.
360miq.com/stockinfo?code=JIOFIN.N
● Dabur India (DABUR) jumped +6.1% (+$33.4) after a 4-day losing streak, closed at $578.2, the best % gain in 1.5 years, also hit a YTD high, crossed above MA20 ($552.65). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=DABUR.N
● Hindustan Unilever (HINDUNILVR) soared +6% (+$140.4), closed at $2496.3, the best % gain in nearly 50 months, also a 90-day high, crossed above MA200 ($2439.39).
360miq.com/stockinfo?code=HINDUNILVR.N
● REC (RECLTD) largely retreated -25.2% (-$152.3), closed at $452.2, the worst % loss in more than 25 months, also a 26-day low, crossed below MA20 and MA50 ($540.13, $492.68). The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=RECLTD.N
● Power Finance (PFC) largely retreated -23.1% (-$128.05), closed at $426.75, the worst % loss in more than 26 months, crossed below MA20 and MA50 ($467.38, $431.97).
360miq.com/stockinfo?code=PFC.N
● Adani Ports and Special Economic Zone (ADANIPORTS) largely retreated -21.1% (-$335), closed at $1248.95, crossed below MA20 and MA50 ($1365.2, $1342.14).
360miq.com/stockinfo?code=ADANIPORTS.N
● Bharat Heavy Electricals (BHEL) largely retreated -20.8% (-$64.9), closed at $246.55, a 44-day low, crossed below MA20 and MA50 ($293.26, $273.59).
360miq.com/stockinfo?code=BHEL.N
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