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NSE Market Update 2024-12-05

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NIFTY 50 rose +1% (+241 pts), closed at 24708 points, rose 5 days in a row, a 30-day high, crossed above MA50 (24574 pts).

Among the 150 largest-cap stocks, 99 (66%) closed higher. 51% of all NSE stocks ended higher.

In terms of sectors, 11 sectors closed up, 1 sector closed down, ranging from -0.2% to +1.8%. 4 sectors outperformed the market. The market was up +0.6%; Technology was up +1.8%, the best performer, reflecting an increasing risk appetite; Real Estate was down -0.2%, but already the worst performer.

● Indus Towers (INDUSTOWER) rose +1.8% (+$6.35), closed at $363.55, rose 3 days in a row, a 29-day high, crossed above MA50 ($356.57). The largest increase in volume.
360miq.com/stockinfo?code=INDUSTOWER.N

● BSE (BSE) surged +13.6% (+$622.85), closed at $5194.9, the best % gain in more than 2 months, also hit a record high, crossed above MA20 ($4656.17). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=BSE.N

● Oil India (OIL) largely fell -3.1% (-$15.35), closed at $473.75. The worst performer with a slight increase in volume.
360miq.com/stockinfo?code=OIL.N

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

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