Indian Stock Market Gains Momentum, Mid Cap Stocks Lead the Way

Nov 25 2024 12:00 PM IST
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The Sensex has opened 1,076.36 points higher and is currently trading at 80,275.44, while all 38 sectors are advancing and the advance-decline ratio is positive. Mid cap and small cap indices are also up, with top gainers being Poly Medicure, Chalet Hotels, and Elgi Equipments. On the other hand, top losers include Jubilant Pharmo, Natl. Aluminium, and Bharti Hexacom.

The Indian stock market is off to a strong start today, with the Sensex opening 1,076.36 points higher and currently trading at 80,275.44, a gain of 1.46%. However, despite the positive momentum, the Sensex is still trading below its 50 Day Moving Average (DMA), while the 50DMA is trading above its 200DMA.

In terms of market performance, mid cap stocks are leading the way with the BSE Mid Cap index gaining 1.91% today. On the other hand, large cap stocks are trading flat, with the top gainer being Siemens at 7.15%. Among mid cap stocks, Central Bank is the top gainer with a gain of 7.81%, while Windlas Biotech is the top gainer in the small cap category with a gain of 15.47%.

On the flip side, Max Healthcare is the top loser among large cap stocks with a decline of 2.27%, while Bharti Hexacom and Symphony are the top losers in the mid cap and small cap categories respectively, with declines of 2.32% and 5.10%.

In terms of sectoral performance, out of the 38 sectors, all 38 are advancing today, with the top gaining sector being NIFTYPSUBANK at 4.41%. The advance-decline ratio across BSE500 is also positive, with 456 advances and only 43 declines, a ratio of 10.6x.

The mid cap and small cap indices are also showing strong gains, rising by 1.92% and 1.88% respectively. The BSE100 index is also up by 1.71%. Among the top gainers in the BSE500 index are Poly Medicure, Chalet Hotels, and Elgi Equipments, with gains of 11.89%, 9.55%, and 8.87% respectively. On the other hand, Jubilant Pharmo, Natl. Aluminium, and Bharti Hexacom are the top losers in the index, with declines of 3.50%, 3.44%, and 2.32% respectively.

Overall, the Indian stock market is showing strong positive momentum today, with mid cap and small cap stocks leading the way. Investors will be closely watching the market to see if this trend continues in the coming days.

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