Broader Market Declines as BSE 500 Index Falls 0.19% Amid Sector Struggles
The market experienced a downturn, with the BSE 500 index declining by 0.19% as only 10 out of 38 sectors advanced. The NIFTYPSUBANK sector led gains at 0.24%, supported by Indian Bank's 0.91% rise, while the S&P BSE Financial Services sector increased by 0.20%, driven by KFin Technologies' 6.68% surge. In contrast, the BSE IT sector suffered the largest drop at 0.90%, primarily due to BLS E-Services' 8.33% fall. The NIFTYFINANCE sector exhibited the strongest performance ratio, contrasting sharply with the struggling NIFTYFMCG sector.
In a challenging trading session, the overall market reflected a decline, with the BSE 500 index posting a one-day return of -0.19%. Out of the 38 sectors analyzed, only 10 managed to advance, while a significant 28 sectors faced declines, resulting in an advancing-declining ratio of 0.36.Among the top-performing sectors, NIFTYPSUBANK led with a modest gain of 0.24%, driven primarily by Indian Bank, which rose by 0.91%. The S&P BSE Financial Services sector also showed resilience, increasing by 0.20%, bolstered by KFin Technologies, which surged by 6.68%. Additionally, the S&P BSE Utilities sector gained 0.19%, with JITF Infra Logistics contributing a notable 5.00% to its performance.
Conversely, the BSE IT sector faced the steepest decline, down 0.90%, largely due to BLS E-Services, which plummeted by 8.33%. The NIFTYFMCG and BSE CG sectors also struggled, each declining by 0.90% and 0.85%, respectively, with Godrej Consumer and Kaynes Technology dragging down their respective sectors.
The NIFTYFINANCE sector stood out with the best advancing-declining ratio of 1.5, while NIFTYFMCG lagged significantly with a ratio of 0.07, highlighting the stark contrast in sector performance during the trading day.
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
