NIFTY 50 largely fell -1.6% (-389 pts), closed at 23616 points, the worst % loss in 3 months, crossed below MA200 (23907 pts).
Among the 150 largest-cap stocks, 8 (5%) closed higher. Only 8% of all NSE stocks ended higher, the least in more than 2 months.
In terms of sectors, all sectors were down with losses from -0.5% to -4.1%. 4 sectors outperformed the market. The market was down -2.5%; Technology was down -0.5%, but already the best performer; Utilities was down -4.1%, the worst performer.
● ITC (ITC) plummeted -8.1% (-$38.95), closed at $442.65, the worst % loss in more than 32 months, also a 125-day low, crossed below MA20, MA50 and MA200 ($471.69, $474.48, $464.07). The worst performer but with average volume.
360miq.com/stockinfo?code=ITC.N
● Godrej Consumer Products (GODREJCP) rose +2.3% (+$25.2), closed at $1141.85, rose 3 days in a row, the best % gain in more than 2 months. The best performer with a significant increase in volume.
360miq.com/stockinfo?code=GODREJCP.N
● Union Bank of India (UNIONBANK) largely retreated -7.5% (-$9.34), closed at $114.72, the worst % loss in 7 months, also a 33-day low, crossed below MA20 and MA50 ($122.78, $120.27).
360miq.com/stockinfo?code=UNIONBANK.N
360miq.com/market?data=NSE#tab-3
