Indian Stock Market Opens with Slight Loss, Sensex Trading Above 50 DMA

May 30 2024 09:25 AM IST
share
Share Via
The Indian stock market opened with a slight loss today, currently trading at 74,383.32, indicating a decrease of -137.02 points (-0.18%). However, the market is still 2.19% away from its 52 week high, showing a strong performance in the past year. The Sensex is trading above its 50 DMA and 200 DMA, suggesting a positive trend and investor confidence. Out of 38 sectors, 9 are advancing and 29 are declining, with BANKEX and Interglobe Aviat being the top gainers, while METAL and Tata Steel are the top losers. The overall market sentiment is reflected in the advance-decline ratio of 0.7x. Emami, ITI, and One 97 are the top gainers in BSE500, while IRB Infra.Devl., FDC, and SJVN are the top losers.

The Indian stock market opened with a slight loss today, with the Sensex opening at 74,365.88 and currently trading at 74,383.32. This is a decrease of -137.02 points (-0.18%). However, the market is still 2.19% away from its 52 week high of 76,009.68, indicating a strong performance in the past year.

The Sensex is currently trading above its 50 Day Moving Average (DMA), with the 50 DMA trading above the 200 DMA. This suggests a positive trend in the market, with investors showing confidence in the current market conditions.

In terms of sector performance, out of the 38 sectors, 9 are advancing while 29 are declining. The top gaining sector is BANKEX, with a 0.53% increase, while the top losing sector is METAL with a -0.84% decrease.

In terms of individual stocks, the top large cap gainer is Interglobe Aviat with a 2.65% increase, while the top large cap loser is Tata Steel with a -2.38% decrease. The top mid cap gainer is Emami with a 10.91% increase, and the top mid cap loser is SJVN with a -4.51% decrease. Among small caps, Tasty Bite Eat. is the top gainer with a 12.46% increase, while Edelweiss.Fin. is the top loser with a -11.79% decrease.

The overall market sentiment is reflected in the advance-decline ratio across BSE500, with 205 advances and 291 declines, indicating a 0.7x ratio. The SMLCAP, BSE100, and MIDCAP caps are all falling, with decreases of 0.08%, 0.1%, and 0.14%, respectively.

In terms of top gainers and losers in the BSE500, Emami is the top gainer with a 10.91% increase, followed by ITI with a 5.65% increase and One 97 with a 4.99% increase. On the other hand, IRB Infra.Devl. is the top loser with a -9.27% decrease, followed by FDC with a -4.83% decrease and SJVN with a -4.51% decrease.

Overall, the Indian stock market is showing a mixed performance today, with some sectors and stocks performing well while others are facing losses. Investors will continue to monitor the market closely to make informed decisions.

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