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NSE Market Update 2024-10-07

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NIFTY 50 fell -0.9% (-219 pts), closed at 24796 points, fell 6 days in a row, a 31-day low.

Among the 150 largest-cap stocks, 17 (11%) closed higher. Only 8% of all NSE stocks ended higher, the least in 2 months.

In terms of sectors, all sectors were down with losses from -0.3% to -3.4%. 5 sectors outperformed the market. The market was down -2%; Technology was down -0.3%, but already the best performer; Utilities was down -3.4%, the worst performer.

● CG Power and Industrial Solutions (CGPOWER) largely rebounded +5.6% (+$40.4) after a 7-day losing streak, closed at $759.15, crossed above MA20 and MA50 ($736.22, $720.91). The best performer with the largest increase in volume.
360miq.com/stockinfo?code=CGPOWER.N

● Bajaj Housing Finance (BAJAJHFL) sank -9.7% (-$14.57), closed at $136.03, hit a record low. The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=BAJAJHFL.N

● Rail Vikas Nigam (RVNL) plunged -8.5% (-$41.7), closed at $451.7, fell 4 days in a row, the worst % loss in 4 months, also a 64-day low.
360miq.com/stockinfo?code=RVNL.N

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

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