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

Feb 05 2024 10:00 AM IST
share
Share Via
The Indian stock market has started the day on a strong note, with the Sensex opening higher and currently trading above its 50-day moving average. Mid-cap stocks are performing well, while large caps are trading flat. Out of the 40 sectors, 34 are advancing and the advance-decline ratio is at 2.01x. The market is being driven by positive sentiment and is expected to continue its upward trend. Investors are eagerly awaiting the upcoming results and closely monitoring individual stock performance.
The Indian stock market is off to a strong start today, with the Sensex opening 183.49 points higher and currently trading at 72,305.75 (0.31%). This is just 1.55% away from its 52-week high of 73,427.59. The market is being driven by positive sentiment and is trading above its 50-day moving average (DMA), with the 50 DMA trading above the 200 DMA. Mid-cap stocks are leading the market today, with the BSE Mid Cap gaining 0.98%. Investors are eagerly awaiting the upcoming results of Brigade Enterpr., J B Chem & Pharm, and EIH on 06th Feb 2024. In terms of individual stock performance, large caps are trading flat today. The top gainer in this category is Tata Motors, with a gain of 7.58%. On the other hand, UPL is the top loser with a decline of 5.67%. In the mid-cap category, UCO Bank is the top gainer with a rise of 16.71%, while Bank of India is the top loser with a decline of 6.00%. In the small-cap category, Mishtann Foods is the top gainer with a rise of 13.86%, while IFGL Refractori. is the top loser with a decline of 15.33%. Out of the 40 sectors, 34 are advancing today while only 6 are declining. The top gaining sector is OILGAS with a rise of 2.22%, while the top losing sector is BANKNIFTY with a decline of 0.35%. The advance-decline ratio across BSE500 is at 2.01x, with 334 advances and 166 declines. In terms of market capitalization, MIDCAP Caps is rising by 0.93%, SMLCAP Caps is rising by 0.65%, and BSE100 Caps is rising by 0.46%. The top gainers in the BSE500 category are UCO Bank (16.71%), SJVN (12.55%), and I O B (10.24%). On the other hand, the top losers are One 97 (-10.00%), Bank of India (-6.00%), and UPL (-5.67%). Overall, the Indian stock market is showing positive momentum today, with mid-cap stocks leading the way. Investors are keeping a close eye on the upcoming results and the performance of individual stocks. With the majority of sectors advancing and a healthy advance-decline ratio, the market is expected to continue its upward trend.

Mojo Stocks - The Top 1% Picks across Markets

Top 10 Large Cap Mid Cap Small Cap
{{col.header}}
Latest
OPEN CALL
CLOSED CALL
{{s[col.key]}} {{s.change_value}}
{{ s.score.value }} - {{ s.score.call_type }}
{{ s.dot_summary.score }} - {{ s.dot_summary.scoreText }}
{{s[col.key]}} {{col.extra}}

Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
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