Indian Stock Market Shows Positive Trend with IT Sector Leading Gains

Dec 05 2024 09:25 AM IST
share
Share Via
The Indian stock market is experiencing a positive trend today, with 31 out of 38 sectors advancing and only 7 sectors declining. The BSE IT sector is leading the gains, while the realty sector is the top loser. The SENSEX, India's benchmark index, is currently trading at 81,088.22 with a gain of 131.89 points (0.16%). The midcap and small cap indices are also on the rise, with gains of 0.37% and 0.37% respectively. The market is being driven by positive sentiment, with the IT sector leading the gains. However, caution should be exercised as the market is still volatile and can be influenced by external factors.


The Indian stock market is showing a positive trend today, with 31 out of 38 sectors advancing and only 7 sectors declining. The BSE IT sector is leading the gains with a 0.95% increase, while the realty sector is the top loser with a decline of 0.36%.

The SENSEX, India's benchmark index, is currently trading at 81,088.22 with a gain of 131.89 points (0.16%). The advance-decline ratio across BSE500 is at 2.39x, with 346 advances and 145 declines. The midcap and small cap indices are also on the rise, with gains of 0.37% and 0.37% respectively. The BSE100 index is also showing a positive trend with a gain of 0.19%.

In terms of individual stocks, Caplin Point Lab is the top gainer in the BSE500 index with a 4.03% increase, followed by HEG with a 3.65% increase and Gujarat Fluoroch with a 3.28% increase. On the other hand, Divi's Lab is the top loser with a decline of 4.73%, followed by Graphite India with a 2.66% decline and Cochin Shipyard with a 2.37% decline.

The SENSEX opened at 81,182.74 with a gain of 226.41 points (0.28%) and is currently trading above its 50 Day Moving Average (DMA). The 50 DMA is also trading above the 200 DMA, indicating a positive trend in the market. The midcap segment is leading the market today, while large caps are trading flat.

In terms of individual large cap stocks, Max Healthcare is the top gainer with a 3.25% increase, while Gujarat Fluoroch is the top gainer in the midcap segment with a 3.28% increase. MM Forgings is the top gainer in the small cap segment with a 7.78% increase. On the other hand, Divi's Lab is the top loser in the large cap segment with a decline of 4.73%, while Oil India is the top loser in the midcap segment with a decline of 1.92% and Kirloskar Indus. is the top loser in the small cap segment with a decline of 4.89%.

Overall, the Indian stock market is being driven by positive sentiment today, with the IT sector leading the gains. Investors are also keeping a close eye on the SENSEX, which is trading above its key moving averages. However, caution should be exercised as the market is still volatile and can be influenced by external factors.

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