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NSE Market Update 2024-05-08

360MiQ 0

NIFTY 50 , closed at 22303 points, fell 4 days in a row, is testing MA50 (22299 pts).

Among the 150 largest-cap stocks, 96 (64%) closed higher. 57% of all NSE stocks ended higher.

In terms of sectors, 11 sectors closed up, 1 sector closed down, ranging from -0.4% to +1.6%. 5 sectors outperformed the market. The market was up +0.6%; Industrials was up +1.6%, the best performer; Technology was down -0.4%, but already the worst performer.

● Bharat Forge (BHARATFORG) spiked +13.3% (+$165.2) after a 3-day losing streak, closed at $1405.15, the best % gain in more than 44 months, also hit a record high. The best performer with the largest increase in volume.
360miq.com/stockinfo?code=BHARATFORG.N

● Pidilite Industries (PIDILITIND) tanked -4.6% (-$135.2), closed at $2815.05, the worst % loss in more than 3 months, also a 39-day low, crossed below MA50 ($2895.49).
360miq.com/stockinfo?code=PIDILITIND.N

● JSW Energy (JSWENERGY) plunged -4.6% (-$26.8), closed at $557.25, fell 3 days in a row, a 22-day low. The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=JSWENERGY.N

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

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