Despite Market Decline, Some Large Cap Stocks Show Positive Movement
The stock market has been experiencing a downward trend in the large cap segment, with the BSE 100 index down by -0.29% today and -1.8% in the last 5 days. However, there are still some shining stars in this segment, with ONGC being the best performer with a return of 2.72%. On the other hand, LTI Mindtree has been the worst performer with a return of -3.04%.
Despite the overall decline, there are still some stocks that are showing positive movement. Out of the 101 stocks in the large cap segment, 46 are advancing while 55 are declining, with an advance decline ratio of 0.84x. This indicates that there is still some hope for investors in this segment.
Investors should keep an eye on the upcoming results of some major companies in the large cap segment. ICICI Lombard, Infosys, Bajaj Auto, HDFC Life Insur., and Wipro are all set to declare their results in the next few days, which could have a significant impact on the market.
In terms of stock upgrades, Tata Motors – DVR, St Bk of India, Apollo Hospitals, United Spirits, and Bharti Airtel have all been upgraded from none or mildly bullish to mildly bullish. This could be a good sign for investors looking to invest in these stocks.
Lastly, there have been some changes in the technical calls for stocks in the large cap index. Tata Motors – DVR, St Bk of India, Apollo Hospitals, United Spirits, and Bharti Airtel have all seen a change from bullish to mildly bullish. This could be an indication of a positive trend for these stocks in the near future. Investors should keep a close watch on these stocks for potential investment opportunities.
