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NSE Market Update 2023-12-28

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NIFTY 50 rose 0.6% (+124 pts), closed at 21779 points, rose 5 days in a row, hit a record high.

Among the 150 largest-cap stocks, 94 (63%) closed higher. Despite NIFTY 50 rising 0.6%, only 43% of all NSE stocks follow suit.

In terms of sectors, 10 sectors closed up, 2 sectors closed down, ranging from -0.3% to 1.3%. 5 sectors outperformed the market. The market was up 0.4%; Energy was up 1.3%, the best performer; Technology was down -0.3%, but already the worst performer.

● Adani Energy Solutions (ADANIENSOL) largely retreated -3.4% (-$36.15) after a 4-day winning streak, closed at $1022.55, crossed below MA20 ($1043.87). The worst performer with a slight increase in volume.
360miq.com/stockinfo?code=ADANIENSOL.N

● Colgate Palmolive (India) (COLPAL) largely rose 2.9% (+$70.4), closed at $2528.85, rose 5 days in a row, hit a record high. The largest increase in volume.
360miq.com/stockinfo?code=COLPAL.N

● Hindustan Petroleum (HINDPETRO) jumped 9.4% (+$35.8), closed at $417.65, the best % gain in more than 37 months, also hit a record high. The best performer with a huge increase in volume.
360miq.com/stockinfo?code=HINDPETRO.N

● Bajaj Holdings & Investment (BAJAJHLDNG) largely fell -2.6% (-$208.1) after a 3-day winning streak, closed at $7713.25, crossed below MA20 ($7853.73).
360miq.com/stockinfo?code=BAJAJHLDNG.N

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