Nifty 50 index falls for seven weeks, yet some stocks hit one-year highs
What happened
- The Nifty 50 index fell 0.88% last week, marking its seventh consecutive week of decline.
- This is the longest losing streak for the index since 2020.
- Despite the market drop, 28 stocks in the Nifty 500 index reached new one-year price highs this week.
- Stocks hitting new highs include MCX, PVR Inox, Zydus Lifesciences, and Welspun Corp.
Key terms explained
Financial terms from this story, in everyday words.
- Nifty 50
- A benchmark index representing the 50 largest and most actively traded companies on the National Stock Exchange.
- Nifty 500
- An index that tracks the performance of the top 500 companies listed on the National Stock Exchange.
Original source
Mint
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