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NSE Market Update 2024-05-16

360MiQ 0

NIFTY 50 rose +0.9% (+203 pts), closed at 22404 points, crossed above MA20 and MA50 (22330 pts, 22303 pts).

Among the 150 largest-cap stocks, 108 (72%) closed higher. 57% of all NSE stocks ended higher.

In terms of sectors, 11 sectors closed up, 1 sector closed down, ranging from -0.1% to +2%. 4 sectors outperformed the market. The market was up +0.8%; Industrials was up +2%, the best performer; Utilities was down -0.1%, but already the worst performer.

● Hindustan Aeronautics (HAL) soared +10.1% (+$421.35), closed at $4603.7, rose 5 days in a row, the best % gain in nearly 25 months, also hit a record high. The best performer with a huge increase in volume.
360miq.com/stockinfo?code=HAL.N

● Oberoi Realty (OBEROIRLTY) surged +8.7% (+$137), closed at $1711.15, rose 5 days in a row, the best % gain in 31 months, also hit a record high.
360miq.com/stockinfo?code=OBEROIRLTY.N

● Schaeffler India (SCHAEFFLER) jumped +7.2% (+$282.55), closed at $4209.85, rose 3 days in a row, the best % gain in more than 21 months, also hit a record high.
360miq.com/stockinfo?code=SCHAEFFLER.N

● Mankind Pharma (MANKIND) plummeted -4.5% (-$98.2), closed at $2092.55, the worst % loss in more than 8 months, also a 40-day low. The worst performer with the largest increase in volume.
360miq.com/stockinfo?code=MANKIND.N

● Canara Bank (CANBK) largely retreated -4.5% (-$5.3) after a 4-day winning streak, closed at $113.7, crossed below MA20 and MA50 ($117.91, $117.08).
360miq.com/stockinfo?code=CANBK.N

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

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