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NSE Market Update 2024-12-23

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NIFTY 50 rebounded +0.7% (+165 pts) after a 5-day losing streak, closed at 23753 points.

Among the 150 largest-cap stocks, 99 (66%) closed higher. Despite NIFTY 50 rising 0.7%, only 36% of all NSE stocks rose with the index.

In terms of sectors, 9 sectors closed up, the market internal was more positive, 3 sectors closed down, ranging from -0.4% to +0.9%. 5 sectors outperformed the market. The market was up +0.2%; Energy was up +0.9%, the best performer; Consumer Cyclical was down -0.4%, but already the worst performer.

● Mankind Pharma (MANKIND) largely rebounded +6.9% (+$193.2), closed at $2998.4, the best % gain in more than 16 months, also hit a record high. The best performer but with average volume.
360miq.com/stockinfo?code=MANKIND.N

● General Insurance Corporation of India (GICRE) largely retreated -4.1% (-$20.45), closed at $480.55, the worst % loss in more than 1 month. The worst performer but with average volume.
360miq.com/stockinfo?code=GICRE.N

● Jindal Steel & Power (JINDALSTEL) largely rebounded +3.6% (+$32.75) after a 6-day losing streak, closed at $940.8, the best % gain in 2 months, crossed above MA50 ($928.97). The largest increase in volume.
360miq.com/stockinfo?code=JINDALSTEL.N

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

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