NIFTY 50 rose +0.4% (+104 pts) after a 3-day losing streak, closed at 24854 points, fell -0.4% (-110 pts) for the week, fell 3 weeks in a row.
Among the 150 largest-cap stocks, 95 (63%) closed higher. Despite NIFTY 50 rising 0.4%, only 47% of all NSE stocks follow suit.
In terms of sectors, 9 sectors closed up, the market internal was more positive, 2 sectors closed down, 1 sector remained unchanged, ranging from -0.7% to +1%. 5 sectors outperformed the market. The market was up +0.2%; Financial was up +1%, the best performer; Technology, Consumer Defensive were down -0.7%, the worst performers.
● Mazagon Dock Shipbuilders (MAZDOCK) largely rebounded +6.8% (+$288.55), closed at $4526.35, a 29-day high, rose +3.2% (+$141.4) for the week, rose 2 weeks in a row, crossed above MA50 ($4375.23). The best performer today with a huge increase in volume.
360miq.com/stockinfo?code=MAZDOCK.N
● LTIMindtree (LTIM) plunged -6.3% (-$402.75), closed at $5991.7, the worst % loss in nearly 9 months, also a 36-day low, fell -6.5% (-$419.25) for the week, crossed below MA20 and MA50 ($6287.29, $6094.32). The worst performer today with a huge increase in volume.
360miq.com/stockinfo?code=LTIM.N
● Infosys (INFY) largely retreated -4.5% (-$88.5), closed at $1879.6, the worst % loss in nearly 15 months, fell -2.9% (-$55.5) for the week after a 3-week winning streak, crossed below MA20 and MA50 ($1918.51, $1903.71).
360miq.com/stockinfo?code=INFY.N
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