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NSE Market Update 2024-05-02

360MiQ 0

NIFTY 50 slightly rose +0.2% (+43.2 pts), closed at 22648 points.

Among the 150 largest-cap stocks, 98 (65%) closed higher. 50% of all NSE stocks ended higher.

In terms of sectors, 11 sectors closed up, 1 sector closed down, ranging from -0.8% to +0.9%. 4 sectors outperformed the market. The market was up +0.5%; Basic Materials was up +0.9%, the best performer; Communication was down -0.8%, the worst performer.

● Supreme Industries (SUPREMEIND) largely retreated -4.9% (-$250.05) after a 5-day winning streak, closed at $4812.05, the worst % loss in more than 1 month. The worst performer with a significant decrease in volume.
360miq.com/stockinfo?code=SUPREMEIND.N

● Cholamandalam Investment and Finance Company (CHOLAFIN) jumped +9.1% (+$108.3), closed at $1301.6, the best % gain in nearly 33 months, also hit a record high. The largest increase in volume.
360miq.com/stockinfo?code=CHOLAFIN.N

● REC (RECLTD) jumped +9.2% (+$46.75), closed at $553.9, rose 8 days in a row, hit a record high. The best performer with a huge increase in volume.
360miq.com/stockinfo?code=RECLTD.N

● Hindustan Petroleum (HINDPETRO) largely rebounded +7.7% (+$38.1), closed at $533.5, the best % gain in more than 2 months, also a 42-day high, crossed above MA50 ($496.16).
360miq.com/stockinfo?code=HINDPETRO.N

● Godrej Properties (GODREJPROP) plummeted -4.3% (-$114.9), closed at $2532.7, the worst % loss in more than 1 month, crossed below MA20 ($2566.64).
360miq.com/stockinfo?code=GODREJPROP.N

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

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