NIFTY 50 rose +0.9% (+219 pts), closed at 24768 points, a 36-day high, rose +0.4% (+90 pts) for the week, rose 4 weeks in a row.
Among the 150 largest-cap stocks, 79 (53%) closed higher. Despite NIFTY 50 rising 0.9%, only 41% of all NSE stocks follow suit.
In terms of sectors, 6 sectors closed up, 5 sectors closed down, 1 sector remained unchanged, ranging from -0.4% to +3%. 5 sectors outperformed the market. The market was up +0.3%; Communication was up +3%, the best performer, reflecting a more aggressive market sentiment; Healthcare was down -0.4%, but already the worst performer.
● The Phoenix Mills (PHOENIXLTD) largely fell -3.8% (-$70.55), closed at $1775.3, the worst % loss in more than 2 months, rose +0.2% (+$3.95) for the week, rose 4 weeks in a row. The worst performer today but with average volume.
360miq.com/stockinfo?code=PHOENIXLTD.N
● ITC (ITC) rose +2% (+$9.4), closed at $470, fell -0.2% (-$1.15) for the week, fell 2 weeks in a row, crossed above MA20 ($469.79). The largest increase in volume today.
360miq.com/stockinfo?code=ITC.N
● SWIGGY (SWIGGY) largely rebounded +5.6% (+$28.05), closed at $532.35, fell -2.3% (-$12.3) for the week after a 2-week winning streak. The best performer today with a slight increase in volume.
360miq.com/stockinfo?code=SWIGGY.N
● Bharti Airtel (BHARTIARTL) jumped +4.4% (+$71.2), closed at $1681.75, rose 3 days in a row, the best % gain in more than 4 months, also a 34-day high, rose +5.3% (+$83.9) for the week, crossed above MA50 ($1622.83).
360miq.com/stockinfo?code=BHARTIARTL.N
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