NIFTY 50 rose +0.8% (+188 pts), closed at 24801 points, rose 4 days in a row, the best % gain in more than 1 month, also hit a record high.
Among the 150 largest-cap stocks, 70 (47%) closed higher. Despite NIFTY 50 rising 0.8%, only 30% of all NSE stocks rose with the index.
In terms of sectors, 5 sectors closed up, 6 sectors closed down, 1 sector remained unchanged, ranging from -2.1% to +1.6%. 6 sectors outperformed the market. The market was down -0.2%; Technology was up +1.6%, the best performer, reflecting an increasing risk appetite; Industrials was down -2.1%, the worst performer.
● Rail Vikas Nigam (RVNL) sank -6.1% (-$37.85), closed at $586.15, fell 4 days in a row, the worst % loss in more than 1 month. The worst performer with a slight decrease in volume.
360miq.com/stockinfo?code=RVNL.N
● IDBI Bank (IDBI) largely rebounded +4.9% (+$4.32), closed at $92.2, a 107-day high. The best performer with a huge increase in volume.
360miq.com/stockinfo?code=IDBI.N
● Hindustan Aeronautics (HAL) sank -5.8% (-$307.05), closed at $5015.75, the worst % loss in more than 1 month, also a 23-day low.
360miq.com/stockinfo?code=HAL.N
● Trent (TRENT) plummeted -6% (-$336.5), closed at $5308.5, the worst % loss in nearly 50 months, crossed below MA20 ($5497.34).
360miq.com/stockinfo?code=TRENT.N
● CG Power and Industrial Solutions (CGPOWER) tumbled -5.6% (-$40.7), closed at $689.3, the worst % loss in more than 1 month, crossed below MA20 ($719.25).
360miq.com/stockinfo?code=CGPOWER.N
● Indian Renewable Energy Development Agency (IREDA) plunged -5.4% (-$14.8), closed at $257.4.
360miq.com/stockinfo?code=IREDA.N
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