Indian Stock Market Sees Positive Momentum Driven by IT and Consumer Durables Sectors
The BSE 500 index experienced a solid gain of 0.61%, driven by strong performances in the IT and consumer durables sectors. The NIFTY IT sector surged by 2.04%, led by Tech Mahindra's 3.34% rise, while the BSE Consumer Durables sector increased by 1.86%, with Asian Paints contributing 4.46%. In contrast, the real estate sector struggled, with declines in both the REALTY and NIFTY REALTY indices, notably Prestige Estates dropping 3.36%. Overall, the market showed a favorable advancing-declining ratio of 6.6, highlighting robust activity in technology stocks.
In a robust trading session, the BSE 500 index recorded a one-day return of 0.61%, buoyed by strong performances across various sectors. A notable highlight was the NIFTY IT sector, which surged by 2.04%, driven primarily by Tech Mahindra, which saw a remarkable increase of 3.34%. The BSE IT sector also performed well, gaining 1.95%, with Unicommerce leading the charge at 6.29%. Additionally, the BSE Consumer Durables sector rose by 1.86%, with Asian Paints contributing significantly with a 4.46% increase.Conversely, the real estate sector faced challenges, with the REALTY index declining by 0.50% and the NIFTY REALTY index down by 0.49%. Prestige Estates was a key underperformer in this sector, dropping 3.36%. The NIFTY METAL sector also struggled, with Hindustan Copper falling sharply by 5.65%.
Overall, the market exhibited a healthy advancing-declining ratio of 6.6, with 33 sectors advancing compared to just 5 declining. The NIFTY IT sector stood out with an impressive advanced-decline ratio of 10, indicating strong market breadth in technology stocks.
Mojo Stocks - The Top 1% Picks across Markets
{{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 : ''}}
![]( "Upgrade & View All Insights")
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