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NSE Market Update 2024-02-06

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NIFTY 50 rose 0.7% (+157 pts), closed at 21929 points.

Among the 150 largest-cap stocks, 108 (72%) closed higher. 64% of all NSE stocks ended higher.

In terms of sectors, all sectors were up with gains from 0.2% to 3.3%. 4 sectors outperformed the market. The market was up 1.1%; Technology was up 3.3%, the best performer, reflecting a more aggressive market sentiment; Consumer Defensive was up 0.2%, but already the worst performer.

● Zydus Lifesciences (ZYDUSLIFE) spiked 4.8% (+$36.5), closed at $797.4, the best % gain in more than 1 month, also hit a record high. The largest increase in volume.
360miq.com/stockinfo?code=ZYDUSLIFE.N

● Yes Bank (YESBANK) largely rebounded 11.4% (+$2.6) after a 3-day losing streak, closed at $25.4, the best % gain in more than 13 months, crossed above MA20 ($24.62). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=YESBANK.N

● JIO Financial Services (JIOFIN) largely retreated -6.3% (-$18.15) after a 4-day winning streak, closed at $270.95. The worst performer with a slight increase in volume.
360miq.com/stockinfo?code=JIOFIN.N

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