Indian Stock Market Shows Mixed Trends, Mid and Small Cap Stocks Lead the Way

Feb 05 2024 09:25 AM IST
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The BSE500 index has an advance decline ratio of 1.29x, with mid cap and small cap stocks gaining while large cap stocks are trading flat. The Sensex has fallen by -268.93 points and is currently trading at 72,000.19 (-0.12%), still above its 50-day moving average. Upcoming results from companies like Brigade Enterpr., J B Chem & Pharm, and EIH should be monitored. The auto sector is currently the top performing sector, while the banking sector is the top losing sector.
The Indian stock market is showing mixed trends today, with the BSE500 index recording an advance decline ratio of 1.29x. The market is being driven by mid and small cap stocks, with BSE Mid Cap gaining 0.33% and BSE Small Cap rising by 0.17%. On the other hand, large cap stocks are trading flat. Among the top gainers in the BSE500 index are NHPC Ltd, UCO Bank, and SJVN, with gains of 12.22%, 6.65%, and 6.15% respectively. On the other hand, One 97, Bank of India, and UPL are the top losers, with declines of 10.00%, 7.49%, and 5.19% respectively. The Sensex, after opening higher, has now fallen by -268.93 points and is currently trading at 72,000.19 (-0.12%). It is 1.98% away from its 52-week high of 73,427.59. However, it is still trading above its 50-day moving average (DMA), with the 50 DMA trading above the 200 DMA. In terms of upcoming results, Brigade Enterpr., J B Chem & Pharm, and EIH are expected to announce their results on 06th Feb 2024. Out of the 40 sectors, 31 are advancing while 9 are declining. The top losing sector is BANKEX (-0.74%), while the top gaining sector is AUTO (1.50%). This shows that the market is currently being driven by the auto sector. Overall, the market is showing mixed trends with mid and small cap stocks leading the way. Investors should keep an eye on upcoming results and sector performance to make informed decisions.

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