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NSE Market Update 2024-01-24

360MiQ 0

NIFTY 50 rebounded 1% (+215 pts), closed at 21454 points.

Among the 150 largest-cap stocks, 122 (81%) closed higher. 72% of all NSE stocks ended higher, the most in 1 month, good for the market.

In terms of sectors, all sectors were up with gains from 0.5% to 2.8%. 4 sectors outperformed the market. The market was up 1.5%; Communication was up 2.8%, the best performer, reflecting a more aggressive market sentiment; Real Estate was up 0.5%, but already the worst performer.

● IDBI Bank (IDBI) largely rebounded 10.2% (+$7.8), closed at $84.2, a 1989-day high. The best performer with a significant increase in volume.
360miq.com/stockinfo?code=IDBI.N

● Max Healthcare Institute (MAXHEALTH) largely retreated -5% (-$39) after a 3-day winning streak, closed at $737.05, the worst % loss in more than 4 months. The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=MAXHEALTH.N

● Oberoi Realty (OBEROIRLTY) tumbled -4.8% (-$65.75), closed at $1304, fell 3 days in a row, a 47-day low.
360miq.com/stockinfo?code=OBEROIRLTY.N

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