BSE Mid-Cap Index Rises 0.91%, Led by Sun TV Network's 15.33% Gain
The BSE midcap segment has experienced a positive trend, rising by 0.91%, largely driven by Sun TV Network's notable 15.33% gain. In contrast, Delhivery has struggled, declining by 3.38%. Technical assessments reveal a shift in sentiment for various stocks, with HPCL and Schaeffler India moving to bullish territory. The advance-decline ratio indicates a robust market, with 106 stocks advancing against 37 declining. Upcoming earnings announcements from companies like Persistent Systems and IDFC First Bank may further impact market dynamics.
The midcap segment of the BSE has shown a positive trend, rising by 0.91%. Leading this upward movement is Sun TV Network, which has delivered an impressive return of 15.33%. Conversely, Delhivery has struggled, marking a decline of 3.38%, making it the worst performer in this segment.Recent technical assessments have indicated a shift in sentiment for several stocks within the midcap index. HPCL and Schaeffler India have transitioned from mildly bullish to bullish, while Gujarat Fluoroch and Indraprastha Gas have moved from a sideways position to mildly bullish. Star Health Insurance has also seen a change, moving from no sentiment to mildly bullish.
The advance-decline ratio in the midcap segment reflects a healthy market environment, with 106 stocks advancing compared to 37 declining, resulting in a ratio of 2.86. Investors can also look forward to upcoming earnings announcements from several companies, including Persistent Systems on October 14, IDFC First Bank on October 18, and United Breweries on October 29, which could further influence market dynamics.
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