Mon, Dec 19, 2022
Barring Nifty IT, remaining 14 Nifty sectoral indices ended in the green. The spotlight was on Nifty Auto and Nifty FMCG which were up 1.51 and 1.41 per cent respectively. The next major gainer was 0.98 per cent
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UltraTech Cement shares have underperformed the Nifty50 by over 11% in 1-year yielding negative 5.4% returns versus 5.9% returned by the latter according to data sourced from Trendlyne. Momentum indicators RSI and MFI are at 50.8 and 63.6, respectively. A number below 30 is considered oversold and above 70 indicates overbought
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