NIFTY 50 rose +0.7% (+176 pts), closed at 24045 points, rose 4 days in a row, hit a record high.
Among the 150 largest-cap stocks, 86 (57%) closed higher. For 4 days in a row, NIFTY 50 rose but more than half of NSE stocks ended lower. Today, 32% of all NSE stocks rose with the index. The market is tiring.
In terms of sectors, 9 sectors closed up, 2 sectors closed down, 1 sector remained unchanged, ranging from -0.2% to +1.6%. 5 sectors outperformed the market. The market was up +0.4%; Technology was up +1.6%, the best performer, reflecting a more aggressive market sentiment; Financial was down -0.2%, but already the worst performer.
● Fertilizers and Chemicals Travancore (FACT) tanked -4.8% (-$48), closed at $960.05. The worst performer with a significant decrease in volume.
360miq.com/stockinfo?code=FACT.N
● Dr. Reddy’s Laboratories (DRREDDY) largely rose +2.7% (+$165.85), closed at $6235.9, a 35-day high. The largest increase in volume.
360miq.com/stockinfo?code=DRREDDY.N
● Mazagon Dock Shipbuilders (MAZDOCK) soared +8.2% (+$335.35), closed at $4416.35, rose 4 days in a row, hit a record high. The best performer with a huge increase in volume.
360miq.com/stockinfo?code=MAZDOCK.N
● Macrotech Developers (LODHA) largely rebounded +7.2% (+$103.65) after a 3-day losing streak, closed at $1538.5, the best % gain in more than 3 months, crossed above MA20 ($1469.45).
360miq.com/stockinfo?code=LODHA.N
● Punjab National Bank (PNB) largely fell -4.1% (-$5.16), closed at $119.2.
360miq.com/stockinfo?code=PNB.N
● Godrej Consumer Products (GODREJCP) largely retreated -3.7% (-$52.25), closed at $1362, the worst % loss in nearly 14 months, crossed below MA20 ($1378.66).
360miq.com/stockinfo?code=GODREJCP.N
360miq.com/market?data=NSE#tab-3
