NIFTY 50 fell -1.5% (-346 pts), closed at 22904.4 points, the worst % loss in 1 month, fell -2.6% (-615 pts) for the week after a 2-week winning streak, crossed below MA20 and MA50 (23015 pts, 22995 pts).
Among the 150 largest-cap stocks, 23 (15%) closed higher. Only 14% of all NSE stocks ended higher, the least in 1 month.
In terms of sectors, all sectors were down with losses from -0.5% to -3.5%. 3 sectors outperformed the market. The market was down -2.3%; Consumer Defensive was down -0.5%, but already the best performer, reflecting a decreasing risk appetite; Energy, Basic Materials were down -3.5%, the worst performers.
● Marico (MARICO) largely rose +3.2% (+$20.85), closed at $680.85, rose 3 days in a row, the best % gain in 2 months, also a 41-day high, rose +4.5% (+$29.2) for the week, rose 3 weeks in a row. The best performer today with a huge increase in volume.
360miq.com/stockinfo?code=MARICO.N
● Vedanta (VEDL) plunged -8.5% (-$37.3), closed at $402.5, fell 5 days in a row, the worst % loss in nearly 10 months, also a 22-day low, fell -13.1% (-$60.9) for the week, fell 2 weeks in a row, crossed below MA50 ($436.9). The largest increase in volume today.
360miq.com/stockinfo?code=VEDL.N
● Tata Steel (TATASTEEL) sank -8.6% (-$13.18), closed at $140.67, the worst % loss in more than 34 months, also a 20-day low, fell -8.8% (-$13.57) for the week, fell 2 weeks in a row, crossed below MA20, MA50 and MA200 ($153.34, $142.14, $149.88). The worst performer today with a huge increase in volume.
360miq.com/stockinfo?code=TATASTEEL.N
● Hindalco Industries (HINDALCO) tanked -8.1% (-$53.1), closed at $600, fell 5 days in a row, the worst % loss in nearly 5 months, also a 33-day low, fell -12.1% (-$82.45) for the week, fell 2 weeks in a row, crossed below MA50 ($638.75).
360miq.com/stockinfo?code=HINDALCO.N
● NMDC (NMDC) tanked -7.8% (-$5.49) after a 5-day winning streak, closed at $65.02, the worst % loss in nearly 10 months, fell -5.6% (-$3.87) for the week after a 2-week winning streak, crossed below MA20 ($67.45).
360miq.com/stockinfo?code=NMDC.N
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