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NSE Market Update 2024-10-16

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NIFTY 50 slightly fell -0.3% (-85.7 pts), closed at 24971 points.

Among the 150 largest-cap stocks, 61 (41%) closed higher. 48% 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%. 6 sectors outperformed the market. The market was down -0.2%; Communication was up +0.7%, the best performer; Technology, Consumer Cyclical were down -0.8%, the worst performers.

● HDFC Asset Management Company (HDFCAMC) soared +6% (+$272.8), closed at $4827.9, rose 7 days in a row, the best % gain in more than 4 months, also hit a record high. The best performer with a huge increase in volume.
360miq.com/stockinfo?code=HDFCAMC.N

● Oil India (OIL) plunged -5.8% (-$32.25), closed at $527.2, the worst % loss in more than 1 month, also a 68-day low. The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=OIL.N

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