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NSE Market Update 2024-03-19

360MiQ 0

NIFTY 50 fell -1.1% (-239 pts), closed at 21817 points, a 23-day low, crossed below MA50 (21906 pts).

Among the 150 largest-cap stocks, 25 (17%) closed higher. Only 24% of all NSE stocks ended higher.

In terms of sectors, all sectors were down with losses from -0.6% to -3%. 6 sectors outperformed the market. The market was down -1.3%; Consumer Cyclical was down -0.6%, but already the best performer; Technology was down -3%, the worst performer.

● Colgate Palmolive (India) (COLPAL) plunged -4.4% (-$121.55) after a 3-day winning streak, closed at $2612.4, the worst % loss in more than 31 months. The worst performer with a significant decrease in volume.
360miq.com/stockinfo?code=COLPAL.N

● Torrent Power (TORNTPOWER) soared 6.2% (+$73.65), closed at $1264, rose 4 days in a row, the best % gain in 1 month, also hit a record high. The best performer with a significant increase in volume.
360miq.com/stockinfo?code=TORNTPOWER.N

● Tata Consultancy Services (TCS) largely fell -4.2% (-$175.2), closed at $3977.3, the worst % loss in 20 months, also a 30-day low, crossed below MA20 and MA50 ($4096.88, $4000.97).
360miq.com/stockinfo?code=TCS.N

● Indus Towers (INDUSTOWER) largely fell -4.1% (-$10.25) after a 3-day winning streak, closed at $238.25, crossed below MA20 ($247.39).
360miq.com/stockinfo?code=INDUSTOWER.N

● Siemens (SIEMENS) largely retreated -4% (-$194.55) after a 3-day winning streak, closed at $4639.85, the worst % loss in nearly 10 months, crossed below MA20 ($4666.55).
360miq.com/stockinfo?code=SIEMENS.N

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

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