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NSE Market Update 2024-08-09

360MiQ 0

NIFTY 50 rose +1% (+251 pts), closed at 24368 points, fell -1.4% (-350 pts) for the week, fell 2 weeks in a row.

Among the 150 largest-cap stocks, 116 (77%) closed higher. 62% of all NSE stocks ended higher.

In terms of sectors, all sectors were up with gains from +0.3% to +1.6%. 5 sectors outperformed the market. The market was up +0.9%; Consumer Cyclical was up +1.6%, the best performer, reflecting an increasing risk appetite; Utilities, Consumer Defensive were up +0.3%, but already the worst performers.

● Trent (TRENT) surged +11.2% (+$631.25), closed at $6275.35, rose 3 days in a row, the best % gain in 6 months, also hit a record high, rose +13.3% (+$737.1) for the week, rose 3 weeks in a row. The best performer today with the largest increase in volume.
360miq.com/stockinfo?code=TRENT.N

● Rail Vikas Nigam (RVNL) largely fell -3.8% (-$20.3), closed at $518.15, a 23-day low, fell -12.1% (-$71.65) for the week. The worst performer today with a slight increase in volume.
360miq.com/stockinfo?code=RVNL.N

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

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