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NSE Market Update 2024-09-03

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NIFTY 50 remained unchanged, closed at 25280 points, rose 14 days in a row, hit a record high.

Among the 150 largest-cap stocks, 73 (49%) closed higher. 51% of all NSE stocks ended higher.

In terms of sectors, 5 sectors closed up, 6 sectors closed down, 1 sector remained unchanged, ranging from -0.8% to +0.7%. only 2 sectors outperformed the market. The market was up +0.1%; Industrials was up +0.7%, the best performer; Utilities was down -0.8%, the worst performer.

● Torrent Power (TORNTPOWER) largely retreated -3% (-$53.3), closed at $1712.85, crossed below MA20 ($1717.2). The worst performer with a slight decrease in volume.
360miq.com/stockinfo?code=TORNTPOWER.N

● SBI Cards and Payment Services (SBICARD) largely rose +2.9% (+$21.7), closed at $766.05, rose 3 days in a row, the best % gain in nearly 3 months, also a 162-day high. The largest increase in volume.
360miq.com/stockinfo?code=SBICARD.N

● Mazagon Dock Shipbuilders (MAZDOCK) jumped +6.1% (+$254.7), closed at $4454.5, the best % gain in 1 month. The best performer with a huge increase in volume.
360miq.com/stockinfo?code=MAZDOCK.N

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