Indian Stock Market Faces Bearish Trend with Declining Sectors and Market Caps

Apr 15 2024 04:00 PM IST
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The Indian stock market is experiencing a bearish trend today, with the BSE500 index showing a decline ratio of 0.19x and the SENSEX trading at a loss of -1.14%. Only 3 out of 40 sectors are advancing, with NIFTYMEDIA being the top losing sector and OILGAS being the top gaining sector. Large caps are trading flat, while mid and small caps are showing mixed results. Investors are advised to closely monitor the market and make informed decisions.

The Indian stock market is facing a downward trend today, with the BSE500 index showing a ratio of 78 advances to 420 declines. This translates to a decline ratio of 0.19x, indicating a bearish sentiment in the market. The BSE100, MIDCAP, and SMLCAP caps are all falling by 1.17%, 1.5%, and 1.54% respectively.

Among the top gainers in the BSE500 index are Capri Global with a 12.13% increase, followed by Aster DM Health with 7.13% and CSB Bank with 6.86%. On the other hand, Jindal Worldwide, Hindustan Zinc, and K E C Intl. are the top losers with a decline of -5.91%, -5.70%, and -5.65% respectively.

The SENSEX, India's benchmark index, is currently trading at 73,399.78 with a loss of -845.12 points or -1.14%. Out of the 40 sectors, only 3 are advancing while 37 are declining. The top losing sector is NIFTYMEDIA with a decline of -2.23%, while the top gaining sector is OILGAS with a 0.40% increase.

Investors are also keeping an eye on upcoming results, with CRISIL, SG Mart, and Tata Comm set to announce their results on 16th and 17th April 2024.

The SENSEX opened at 73,315.16 with a loss of -929.74 points or -1.25%. It is currently trading above its 50 Day Moving Average (DMA), with the 50 DMA trading above the 200 DMA. However, it is still 2.35% away from its 52-week high of 75,124.28.

In terms of market caps, large caps are trading flat today. ONGC is the top gainer with a 5.31% increase, while Exide Inds. and Senco Gold are the top mid and small cap gainers with 2.89% and 18.59% respectively. On the other hand, Max Healthcare, Castrol India, and IFCI are the top large, mid, and small cap losers with a decline of -3.93%, -5.64%, and -6.89% respectively.

Overall, the market is facing a bearish trend today, with most sectors and market caps showing a decline. Investors are advised to keep a close watch on the market and make informed decisions while trading.

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