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NSE Market Update 2024-12-06

360MiQ 0

NIFTY 50 slightly fell -0.1% (-30.2 pts) after a 5-day winning streak, closed at 24678 points, rose +2.3% (+547 pts) for the week, rose 3 weeks in a row.

Among the 150 largest-cap stocks, 82 (55%) closed higher. 61% of all NSE stocks ended higher.

In terms of sectors, 8 sectors closed up, the market internal was more positive, 3 sectors closed down, 1 sector remained unchanged, ranging from -0.5% to +0.8%. 4 sectors outperformed the market. The market was up +0.2%; Consumer Cyclical was up +0.8%, the best performer; Communication was down -0.5%, the worst performer.

● Vedanta (VEDL) spiked +6.1% (+$28.9), closed at $501.4, rose 7 days in a row, the best % gain in more than 6 months, also a 42-day high, rose +10.6% (+$47.9) for the week, rose 3 weeks in a row.
360miq.com/stockinfo?code=VEDL.N

● PB Fintech (POLICYBZR) jumped +6.2% (+$124.9), closed at $2142.3, rose 3 days in a row, the best % gain in 2 months, also hit a record high, rose +13.1% (+$248.4) for the week, rose 4 weeks in a row. The best performer today with a significant increase in volume.
360miq.com/stockinfo?code=POLICYBZR.N

● Alkem Laboratories (ALKEM) fell -2.5% (-$138.55), closed at $5505.4, the worst % loss in more than 1 month, fell -2.4% (-$137.05) for the week after a 2-week winning streak, crossed below MA20 ($5577.55). The worst performer today with a slight increase in volume.
360miq.com/stockinfo?code=ALKEM.N

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