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NSE Market Update 2024-01-12

360MiQ 0

NIFTY 50 rose 1.1% (+248 pts), closed at 21895 points, rose 4 days in a row, hit a record high, rose 0.8% (+184 pts) for the week.

Among the 150 largest-cap stocks, 88 (59%) closed higher. 52% of all NSE stocks ended higher.

In terms of sectors, 8 sectors closed up, 2 sectors closed down, 2 sectors remained unchanged, ranging from -0.3% to 3.8%. 4 sectors outperformed the market. The market was up 0.7%; Technology was up 3.8%, the best performer, reflecting an increasing risk appetite; Healthcare was down -0.3%, but already the worst performer.

● FSN E-Commerce Ventures (NYKAA) largely retreated -3.1% (-$6) after a 6-day winning streak, closed at $187.6, rose 8.2% (+$14.2) for the week. The worst performer today with a slight decrease in volume.
360miq.com/stockinfo?code=NYKAA.N

● TATA CONSUMER PRODUCTS (TATACONSUM) largely rose 3.6% (+$39.75), closed at $1159, rose 4 days in a row, hit a record high, rose 3.2% (+$36.05) for the week, rose 7 weeks in a row. The largest increase in volume today.
360miq.com/stockinfo?code=TATACONSUM.N

● Infosys (INFY) largely rebounded 7.9% (+$118.55), closed at $1612.75, the best % gain in nearly 3 years, also a 432-day high, rose 5.2% (+$80.2) for the week after a 3-week losing streak, crossed above MA20 ($1542.65). The best performer today with a huge increase in volume.
360miq.com/stockinfo?code=INFY.N

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