NIFTY 50 rose +0.7% (+160 pts), closed at 23350.4 points, rose 5 days in a row, a 26-day high, rose +4.3% (+953 pts) for the week.
Among the 150 largest-cap stocks, 110 (73%) closed higher. 76% of all NSE stocks ended higher, good for the market.
In terms of sectors, all sectors were up with gains from +0.6% to +2.4%. 7 sectors outperformed the market. The market was up +1.2%; Utilities was up +2.4%, the best performer, reflecting a decreasing risk appetite; Consumer Cyclical was up +0.6%, but already the worst performer.
● Bajaj Housing Finance (BAJAJHFL) rose +2% (+$2.47), closed at $123.61, a 53-day high, rose +7.3% (+$8.41) for the week. The largest increase in volume today.
360miq.com/stockinfo?code=BAJAJHFL.N
● General Insurance Corporation of India (GICRE) largely rebounded +8.8% (+$35.85), closed at $445.35, the best % gain in nearly 3 months, also a 42-day high, rose +15.8% (+$60.8) for the week, rose 3 weeks in a row. The best performer today with a huge increase in volume.
360miq.com/stockinfo?code=GICRE.N
● IDBI Bank (IDBI) spiked +8.1% (+$6.11), closed at $81.37, rose 5 days in a row, the best % gain in 2 months, also a 41-day high, rose +12.9% (+$9.27) for the week.
360miq.com/stockinfo?code=IDBI.N
● Mankind Pharma (MANKIND) surged +7.6% (+$170.2), closed at $2415.05, rose 3 days in a row, the best % gain in more than 19 months, also a 23-day high, rose +9.7% (+$213.9) for the week, crossed above MA20 ($2268.43).
360miq.com/stockinfo?code=MANKIND.N
● Suzlon Energy (SUZLON) largely retreated -3.2% (-$1.89) after a 3-day winning streak, closed at $56.5, rose +3.5% (+$1.92) for the week. The worst performer today with a significant increase in volume.
360miq.com/stockinfo?code=SUZLON.N
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