NIFTY 50 slightly fell -0.09% (-19.8 pts), closed at 22913 points, fell 3 days in a row.
Among the 150 largest-cap stocks, 103 (69%) closed higher. For 2 days in a row, NIFTY 50 fell but more than half of NSE stocks ended higher. Today, 74% of all NSE stocks rose against the index. The market is relatively strong, good for the market.
In terms of sectors, 10 sectors closed up, 2 sectors remained unchanged, ranging from 0% to +2%. 6 sectors outperformed the market. The market was up +0.8%; Utilities was up +2%, the best performer, reflecting a more risk-averse market; Consumer Defensive, Communication remained unchanged, but already the worst performers.
● NHPC (NHPC) soared +6.9% (+$5.18), closed at $79.8, the best % gain in 9 months, also a 34-day high, crossed above MA20 and MA50 ($75.06, $77.3). The best performer with the largest increase in volume.
360miq.com/stockinfo?code=NHPC.N
● Bajaj Holdings & Investment (BAJAJHLDNG) largely rebounded +6.2% (+$722.2) after a 4-day losing streak, closed at $12454.3, the best % gain in more than 1 month, also hit a YTD high.
360miq.com/stockinfo?code=BAJAJHLDNG.N
● HDFC Bank (HDFCBANK) fell -2.3% (-$40.1) after a 3-day winning streak, closed at $1687.1, the worst % loss in more than 1 month, crossed below MA20 and MA50 ($1702.16, $1719.6). The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=HDFCBANK.N
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