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NSE Market Update 2024-02-28

360MiQ 0

NIFTY 50 fell -1.1% (-247 pts), closed at 21951 points, the worst % loss in 1 month, is testing MA20 (21946 pts).

Among the 150 largest-cap stocks, 18 (12%) closed higher. Only 13% of all NSE stocks ended higher, the least for more than 2 months.

In terms of sectors, all sectors were down with losses from -0.5% to -2.7%. 5 sectors outperformed the market. The market was down -1.5%; Technology was down -0.5%, but already the best performer; Utilities was down -2.7%, the worst performer.

● Havells India (HAVELLS) jumped 4.4% (+$65.2), closed at $1534.35, the best % gain in more than 5 months, also hit a record high. The best performer with the largest increase in volume.
360miq.com/stockinfo?code=HAVELLS.N

● Vodafone Idea (IDEA) tumbled -13.9% (-$2.2), closed at $13.65, fell 3 days in a row, the worst % loss in more than 25 months, also hit a YTD low, crossed below MA20 and MA50 ($15.28, $15.2). The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=IDEA.N

360miq.com/market?data=NSE#tab-3

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