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NSE Market Update 2024-05-06

360MiQ 0

NIFTY 50 slightly fell -0.1% (-33.3 pts), closed at 22443 points, crossed below MA20 (22454 pts).

Among the 150 largest-cap stocks, 60 (40%) closed higher. Only 25% of all NSE stocks ended higher.

In terms of sectors, 4 sectors closed up, 8 sectors closed down, ranging from -1.8% to +1.4%. 5 sectors outperformed the market, the market internal was more negative. The market was down -0.7%; Real Estate was up +1.4%, the best performer; Energy was down -1.8%, the worst performer.

● Britannia Industries (BRITANNIA) jumped +6.7% (+$317) after a 5-day losing streak, closed at $5061.6, the best % gain in nearly 1.5 years, also a 57-day high, crossed above MA20, MA50 and MA200 ($4792.04, $4855.85, $4813.69). The largest increase in volume.
360miq.com/stockinfo?code=BRITANNIA.N

● Godrej Properties (GODREJPROP) surged +10.6% (+$273.05), closed at $2842.75, the best % gain in more than 31 months, also hit a record high, crossed above MA20 ($2592.29). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=GODREJPROP.N

● Power Finance (PFC) largely retreated -8.9% (-$42.65) after a 4-day winning streak, closed at $437.8, the worst % loss in more than 25 months. The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=PFC.N

● Titan Company (TITAN) tanked -7.2% (-$253.75), closed at $3280.15, fell 4 days in a row, the worst % loss in nearly 4 years, also hit a YTD low, crossed below MA200 ($3427.09).
360miq.com/stockinfo?code=TITAN.N

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

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