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NSE Market Update 2024-08-22

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NIFTY 50 slightly rose +0.2% (+41.5 pts), closed at 24812 points, rose 6 days in a row.

Among the 150 largest-cap stocks, 94 (63%) closed higher. 62% of all NSE stocks ended higher.

In terms of sectors, 9 sectors closed up, the market internal was more positive, 3 sectors closed down, ranging from -1% to +1.2%. 5 sectors outperformed the market. The market was up +0.2%; Basic Materials, Communication were up +1.2%, the best performers; Utilities was down -1%, the worst performer.

● Adani Power (ADANIPOWER) largely fell -3.1% (-$21.45), closed at $673.7, fell 4 days in a row, a 64-day low. The worst performer with a significant decrease in volume.
360miq.com/stockinfo?code=ADANIPOWER.N

● Indian Renewable Energy Development Agency (IREDA) spiked +7.6% (+$18.15), closed at $257.1, the best % gain in more than 1 month, crossed above MA20 ($249.21). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=IREDA.N

● Fertilizers and Chemicals Travancore (FACT) spiked +6.3% (+$59.9), closed at $1012.6, rose 3 days in a row, the best % gain in 1 month, crossed above MA20 and MA50 ($976.3, $989.7). The largest increase in volume.
360miq.com/stockinfo?code=FACT.N

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