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NSE Market Update 2024-05-28

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NIFTY 50 slightly fell -0.2% (-43.8 pts), closed at 22888 points, fell 3 days in a row.

Among the 150 largest-cap stocks, 48 (32%) closed higher. Only 26% of all NSE stocks ended higher.

In terms of sectors, 1 sector closed up, 11 sectors closed down, ranging from -2% to +0.2%. 5 sectors outperformed the market, the market internal was more negative. The market was down -0.8%; Healthcare was up +0.2%, but already the best performer; Real Estate was down -2%, the worst performer.

● Divi’s Laboratories (DIVISLAB) largely rose +3.2% (+$136.85), closed at $4392.1, rose 7 days in a row, the best % gain in 1 month, also hit a YTD high. The best performer with a significant increase in volume.
360miq.com/stockinfo?code=DIVISLAB.N

● United Spirits (MCDOWELL-N) largely rebounded +2.8% (+$32.45), closed at $1190.15, crossed above MA20 and MA50 ($1189.41, $1161.69). The largest increase in volume.
360miq.com/stockinfo?code=MCDOWELL-N.N

● Indian Overseas Bank (IOB) largely retreated -5.2% (-$3.9), closed at $70.6, the worst % loss in more than 2 months. The worst performer with a slight increase in volume.
360miq.com/stockinfo?code=IOB.N

● UCO Bank (UCOBANK) largely retreated -4.7% (-$2.85), closed at $58.15, the worst % loss in more than 2 months.
360miq.com/stockinfo?code=UCOBANK.N

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