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NSE Market Update 2024-08-16

360MiQ 0

NIFTY 50 largely rose +1.6% (+397 pts), closed at 24541 points, rose +0.7% (+173 pts) for the week after a 2-week losing streak, crossed above MA20 (24478 pts).

Among the 150 largest-cap stocks, 137 (91%) closed higher. 71% of all NSE stocks ended higher, good for the market.

In terms of sectors, all sectors were up with gains from +0.9% to +2.8%. 3 sectors outperformed the market. The market was up +1.6%; Technology was up +2.8%, the best performer, reflecting an increasing risk appetite; Healthcare, Basic Materials were up +0.9%, but already the worst performers.

● PB Fintech (POLICYBZR) soared +7.7% (+$121.15), closed at $1691.95, rose 3 days in a row, the best % gain in more than 1 month, also hit a record high, rose +15.7% (+$229.5) for the week. The best performer today but with average volume.
360miq.com/stockinfo?code=POLICYBZR.N

● Hindustan Zinc (HINDZINC) tanked -9.7% (-$56.1), closed at $519.9, fell 3 days in a row, the worst % loss in more than 107 months, also a 66-day low, fell -12.5% (-$74.1) for the week, fell 2 weeks in a row. The worst performer today with the largest increase in volume.
360miq.com/stockinfo?code=HINDZINC.N

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

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