NIFTY 50 largely fell -2.1% (-460 pts), closed at 21572 points, the worst % loss in 19 months, crossed below MA20 (21629 pts).
Among the 150 largest-cap stocks, 32 (21%) closed higher. Only 24% of all NSE stocks ended higher.
In terms of sectors, 1 sector closed up, 11 sectors closed down, ranging from -2.5% to 0.5%. 6 sectors outperformed the market. The market was down -1.2%; Technology was up 0.5%, the best performer; Financial was down -2.5%, the worst performer.
● ICICI Lombard General Insurance Company (ICICIGI) largely rebounded 5.8% (+$80.25), closed at $1454.45, the best % gain in more than 7 months, also a 21-day high, crossed above MA20 and MA50 ($1409.5, $1420.86). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=ICICIGI.N
● Indian Railway Finance (IRFC) spiked 5.1% (+$7.25), closed at $149.1, rose 6 days in a row, hit a record high.
360miq.com/stockinfo?code=IRFC.N
● HDFC Bank (HDFCBANK) largely retreated -8.4% (-$141.65), closed at $1537.5, the worst % loss in more than 45 months, also a 33-day low, crossed below MA20, MA50 and MA200 ($1669.38, $1603.02, $1607.66). The worst performer with the largest increase in volume.
360miq.com/stockinfo?code=HDFCBANK.N
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