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NSE Market Update 2024-06-05

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NIFTY 50 largely rebounded +3.4% (+735 pts), closed at 22620 points, the best % gain in 40 months, crossed above MA20 and MA50 (22514 pts, 22438 pts).

Among the 150 largest-cap stocks, 140 (93%) closed higher. 77% of all NSE stocks ended higher, good for the market.

In terms of sectors, all sectors were up with gains from +1.6% to +4.9%. 5 sectors outperformed the market. The market was up +2.8%; Communication was up +4.9%, the best performer; Industrials was up +1.6%, but already the worst performer.

● Vodafone Idea (IDEA) largely rebounded +12.5% (+$1.65), closed at $14.85, the best % gain in 5 months, crossed above MA20 and MA50 ($13.93, $13.51). The best performer with a slight decrease in volume.
360miq.com/stockinfo?code=IDEA.N

● Thermax (THERMAX) largely fell -2.8% (-$146.6), closed at $5130.7. The worst performer with a significant decrease in volume.
360miq.com/stockinfo?code=THERMAX.N

● Adani Energy Solutions (ADANIENSOL) largely fell -2.6% (-$25.9), closed at $951.7, a 54-day low. The largest increase in volume.
360miq.com/stockinfo?code=ADANIENSOL.N

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