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NSE Market Update 2024-04-16

360MiQ 0

NIFTY 50 fell -0.6% (-125 pts), closed at 22148 points, fell 3 days in a row, crossed below MA50 (22149 pts).

Among the 150 largest-cap stocks, 67 (45%) closed higher. Despite NIFTY 50 falling -0.6%, 61% of all NSE stocks rose against the index.

In terms of sectors, 6 sectors closed up, 6 sectors closed down, ranging from -1.8% to +0.5%. 6 sectors outperformed the market. The market was down -0.1%; Industrials was up +0.5%, the best performer; Technology was down -1.8%, the worst performer.

● ICICI Lombard General Insurance Company (ICICIGI) rebounded +1.1% (+$18.35) after a 5-day losing streak, closed at $1648.65, is testing MA50 ($1653.49). The largest increase in volume.
360miq.com/stockinfo?code=ICICIGI.N

● CG Power and Industrial Solutions (CGPOWER) jumped +4.6% (+$22.95), closed at $517.65, crossed above MA20 ($510.74). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=CGPOWER.N

● The Phoenix Mills (PHOENIXLTD) largely rose +4.2% (+$125.35), closed at $3128.9, hit a record high.
360miq.com/stockinfo?code=PHOENIXLTD.N

● LTIMindtree (LTIM) largely fell -3.2% (-$152.3), closed at $4662.85, fell 3 days in a row, the worst % loss in nearly 3 months, also hit a YTD low.
360miq.com/stockinfo?code=LTIM.N

● Infosys (INFY) largely fell -3.7% (-$53.7), closed at $1414.45, fell 3 days in a row, the worst % loss in nearly 9 months, also hit a YTD low. The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=INFY.N

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

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