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NSE Market Update 2024-08-07

360MiQ 0

NIFTY 50 rose +1.3% (+305 pts) after a 3-day losing streak, closed at 24298 points.

Among the 150 largest-cap stocks, 136 (91%) closed higher. 83% of all NSE stocks ended higher, the most in 2 months, good for the market.

In terms of sectors, all sectors were up with gains from +0.8% to +2.8%. 4 sectors outperformed the market. The market was up +1.9%; Industrials was up +2.8%, the best performer; Communication was up +0.8%, but already the worst performer.

● Oil India (OIL) jumped +8.1% (+$46.5), closed at $617.8, crossed above MA20 ($578.83). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=OIL.N

● Oil & Natural Gas (ONGC) largely rebounded +7.5% (+$23) after a 3-day losing streak, closed at $329.1, the best % gain in more than 6 months, crossed above MA20 ($322.23).
360miq.com/stockinfo?code=ONGC.N

● SHREE CEMENT (SHREECEM) largely fell -3.8% (-$1002.75), closed at $25098.6, fell 4 days in a row, the worst % loss in 6 months, also a 43-day low. The worst performer with the largest increase in volume.
360miq.com/stockinfo?code=SHREECEM.N

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

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