NIFTY 50 fell -0.4% (-95.5 pts), closed at 23432 points, fell 3 days in a row, a 34-day low, fell -2.4% (-573 pts) for the week after a 2-week winning streak.
Among the 150 largest-cap stocks, 24 (16%) closed higher. Only 12% of all NSE stocks ended higher.
In terms of sectors, 1 sector closed up, 11 sectors closed down, ranging from -2.9% to +2.6%. 4 sectors outperformed the market, the market internal was more negative. The market was down -1.5%; Technology was up +2.6%, the best performer, reflecting an increasing risk appetite; Real Estate was down -2.9%, the worst performer.
● General Insurance Corporation of India (GICRE) largely retreated -7.6% (-$35.35), closed at $429.55, the worst % loss in nearly 11 months, also a 20-day low, fell -6.2% (-$28.15) for the week, fell 3 weeks in a row, crossed below MA20 ($454.02). The worst performer today with a slight decrease in volume.
360miq.com/stockinfo?code=GICRE.N
● Indian Railway Catering And Tourism (IRCTC) rose +2% (+$15.35), closed at $779.15, fell -2.2% (-$17.15) for the week. The largest increase in volume today.
360miq.com/stockinfo?code=IRCTC.N
● Tata Consultancy Services (TCS) largely rebounded +5.6% (+$226.8), closed at $4265.65, the best % gain in nearly 6 months, rose +4% (+$165.75) for the week after a 3-week losing streak, crossed above MA20, MA50 and MA200 ($4192.86, $4209.26, $4113.28). The best performer today with a huge increase in volume.
360miq.com/stockinfo?code=TCS.N
● LTIMindtree (LTIM) soared +4.9% (+$283.7), closed at $6124.4, the best % gain in more than 4 months, rose +6.8% (+$391) for the week, rose 2 weeks in a row, crossed above MA20 and MA50 ($5968.99, $6041.81).
360miq.com/stockinfo?code=LTIM.N
● REC (RECLTD) tumbled -6.5% (-$31.85), closed at $459.35, fell 3 days in a row, the worst % loss in 7 months, also a 150-day low, fell -14.6% (-$78.7) for the week.
360miq.com/stockinfo?code=RECLTD.N
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