NIFTY 50 rebounded +0.4% (+90 pts) after a 4-day losing streak, closed at 23176 points.
Among the 150 largest-cap stocks, 116 (77%) closed higher. 79% of all NSE stocks ended higher, the most in more than 2 months, good for the market.
In terms of sectors, 10 sectors closed up, 2 sectors closed down, ranging from -1.6% to +6.2%. 4 sectors outperformed the market. The market was up +1.5%; Utilities was up +6.2%, the best performer, reflecting a more conservative market sentiment; Technology was down -1.6%, the worst performer.
● Adani Power (ADANIPOWER) largely rebounded +19.4% (+$87.1) after a 4-day losing streak, closed at $537, the best % gain in more than 1 month, crossed above MA20 and MA50 ($509.2, $528.22). The best performer with the largest increase in volume.
360miq.com/stockinfo?code=ADANIPOWER.N
● Indian Overseas Bank (IOB) largely rebounded +18.3% (+$8.32) after a 4-day losing streak, closed at $53.77, the best % gain in more than 2 years, crossed above MA20 and MA50 ($51.51, $53).
360miq.com/stockinfo?code=IOB.N
● IDBI Bank (IDBI) largely rebounded +17.6% (+$11.66) after a 4-day losing streak, closed at $77.9, the best % gain in 39 months, crossed above MA20 ($75.58).
360miq.com/stockinfo?code=IDBI.N
● Adani Green Energy (ADANIGREEN) largely rebounded +13.2% (+$117.1) after a 4-day losing streak, closed at $1006.85, the best % gain in more than 1 month.
360miq.com/stockinfo?code=ADANIGREEN.N
● HCL Technologies (HCLTECH) tumbled -8.8% (-$175.85), closed at $1813.55, the worst % loss in nearly 34 months, also a 46-day low, crossed below MA20 and MA50 ($1928.02, $1894.61). The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=HCLTECH.N
360miq.com/market?data=NSE#tab-3
