NIFTY 50 fell -1.1% (-270 pts) after a 4-day winning streak, closed at 24531 points, the worst % loss in more than 1 month, rose +0.1% (+29 pts) for the week, rose 7 weeks in a row.
Among the 150 largest-cap stocks, 13 (9%) closed higher. Only 12% of all NSE stocks ended higher, the least in more than 1 month.
In terms of sectors, all sectors were down with losses from -0.7% to -2.6%. 5 sectors outperformed the market. The market was down -1.8%; Consumer Defensive, Technology were down -0.7%, but already the best performers, reflecting a decreasing risk appetite; Real Estate, Industrials were down -2.6%, the worst performers.
● Indian Renewable Energy Development Agency (IREDA) largely rebounded +5.7% (+$14.7), closed at $272.1, fell -4.4% (-$12.55) for the week after a 4-week winning streak. The best performer today with a huge increase in volume.
360miq.com/stockinfo?code=IREDA.N
● JSW Infrastructure (JSWINFRA) sank -7% (-$23.8), closed at $315.7, fell 3 days in a row, the worst % loss in more than 1 month, fell -6.9% (-$23.5) for the week, fell 2 weeks in a row, crossed below MA20 ($337.37). The worst performer today with a huge increase in volume.
360miq.com/stockinfo?code=JSWINFRA.N
● Persistent Systems (PERSISTENT) largely retreated -6.4% (-$312.7), closed at $4583.45, the worst % loss in nearly 3 months, fell -4.7% (-$225.05) for the week after a 4-week winning streak.
360miq.com/stockinfo?code=PERSISTENT.N
● Cummins India (CUMMINSIND) tumbled -6.3% (-$237.4), closed at $3559.45, fell 6 days in a row, the worst % loss in more than 1 month, also a 26-day low, fell -10% (-$394.6) for the week, fell 2 weeks in a row, crossed below MA50 ($3779.89).
360miq.com/stockinfo?code=CUMMINSIND.N
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