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NSE Market Update 2024-03-15

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NIFTY 50 fell -0.6% (-124 pts), closed at 22023 points, fell -2.1% (-471 pts) for the week after a 4-week winning streak.

Among the 150 largest-cap stocks, 59 (39%) closed higher. 43% of all NSE stocks ended higher.

In terms of sectors, 1 sector closed up, 11 sectors closed down, ranging from -1.4% to 1.1%. 4 sectors outperformed the market, the market internal was more negative. The market was down -0.4%; Communication was up 1.1%, the best performer; Energy was down -1.4%, the worst performer.

● Hindustan Zinc (HINDZINC) tumbled -4.9% (-$14.8), closed at $289.4, the worst % loss in nearly 14 months, also hit a YTD low, fell -6.9% (-$21.55) for the week, fell 2 weeks in a row. The largest increase in volume today.
360miq.com/stockinfo?code=HINDZINC.N

● Solar Industries India (SOLARINDS) soared 8.7% (+$710.65), closed at $8855.5, hit a record high, rose 17.9% (+$1342.4) for the week, rose 2 weeks in a row. The best performer today with a significant increase in volume.
360miq.com/stockinfo?code=SOLARINDS.N

● Hindustan Petroleum (HINDPETRO) largely retreated -6.2% (-$31.25), closed at $468.85, the worst % loss in nearly 2 years, also a 30-day low, fell -7.8% (-$39.65) for the week, fell 4 weeks in a row, crossed below MA50 ($488.81). The worst performer today with a huge increase in volume.
360miq.com/stockinfo?code=HINDPETRO.N

● Indian Oil (IOC) largely retreated -5.5% (-$9.35), closed at $161, the worst % loss in more than 1 month, also a 30-day low, fell -7.8% (-$13.6) for the week, crossed below MA50 ($163.17).
360miq.com/stockinfo?code=IOC.N

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

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