Indian Stock Market Sees Positive Trend, Mid and Small Caps Lead with 0.31% Gain

Feb 08 2024 10:00 AM IST
share
Share Via
The Indian stock market is experiencing a bullish sentiment today, driven by the upcoming results of major companies like Emami, Hero MotoCorp, and Zydus Lifesciences. The advance-decline ratio across BSE500 is at 1.47x, with midcap and small cap sectors performing well. The top gainers in the BSE500 index include General Insurance, New India Assurance, and Just Dial, while One 97, Borosil Renewables, and JK Paper are the top losers. Yes Bank, General Insurance, and S H Kelkar & Co. are the top gainers in the large cap, mid cap, and small cap categories respectively. The SENSEX is currently trading at 72,258.11 with a gain of 106.11 points (0.15%), and is above its 50-day moving average. The market is being driven by mid and small cap stocks, with the NIFTYCPSE sector showing the highest gain and BSEFMC sector showing the highest decline.
and Small Cap by 0.31%
The Indian stock market is seeing a positive trend today, with the upcoming results of major companies like Emami, Hero MotoCorp, and Zydus Lifesciences driving the market. The advance-decline ratio across BSE500 is at 1.47x, with 296 advances and 202 declines. This indicates a bullish sentiment in the market. The midcap and small cap sectors are also performing well, with midcap caps rising by 0.92% and small cap caps rising by 0.31%. On the other hand, large caps are trading flat today. The top gainers in the BSE500 index include General Insurance at 11.55%, New India Assurance at 10.36%, and Just Dial at 8.53%. However, One 97, Borosil Renewables, and JK Paper are the top losers, with a decline of 5.99%, 5.95%, and 5.67% respectively. In terms of individual stocks, Yes Bank is the top gainer in the large cap category with a gain of 6.10%, while General Insurance continues to lead in the mid cap category with a gain of 11.55%. S H Kelkar & Co. is the top gainer in the small cap category with a gain of 16.00%. On the other hand, Nestle India, I O B, and 3i Infotech are the top losers in the large cap, mid cap, and small cap categories respectively. The SENSEX is currently trading at 72,258.11 with a gain of 106.11 points (0.15%). Out of the 40 sectors, 33 are advancing while 7 are declining. The top gaining sector is NIFTYCPSE with a gain of 1.89%, while the top losing sector is BSEFMC with a decline of 0.72%. The SENSEX opened at 72,473.42 with a gain of 321.42 points (0.45%) and is currently trading at 72,254.21 (0.14%). It is 1.62% away from its 52-week high of 73,427.59. The index is also trading above its 50-day moving average (DMA), with the 50 DMA trading above the 200 DMA. This indicates a positive trend in the market. In terms of market performance, mid caps are leading the way with BSE Mid Cap gaining 0.91% and Small Cap gaining 0.31%. This shows that the market is being driven by mid and small cap stocks today. Overall, the Indian stock market is showing a positive trend with the upcoming results of major companies and strong performance in the mid and small cap sectors.

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