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NSE Market Update 2024-05-22

360MiQ 0

NIFTY 50 slightly rose +0.3% (+68.8 pts), closed at 22598 points, rose 5 days in a row.

Among the 150 largest-cap stocks, 80 (53%) closed higher. For 2 days in a row, NIFTY 50 rose but more than half of NSE stocks ended lower. Today, 48% of all NSE stocks rose with the index. The market is relatively tiring.

In terms of sectors, 11 sectors closed up, 1 sector remained unchanged, ranging from 0% to +1.6%. 5 sectors outperformed the market. The market was up +0.5%; Real Estate was up +1.6%, the best performer; Financial remained unchanged, but already the worst performer.

● General Insurance Corporation of India (GICRE) surged +10% (+$34.6), closed at $379.3, rose 4 days in a row, the best % gain in 3 months, also a 49-day high. The best performer with the largest increase in volume.
360miq.com/stockinfo?code=GICRE.N

● Bharat Heavy Electricals (BHEL) largely retreated -5.4% (-$17.25) after an 8-day winning streak, closed at $301.95, the worst % loss in more than 2 months. The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=BHEL.N

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

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