Indian Stock Market Shows Positive Trend with Strong Performance in IT Sector

Dec 05 2024 02:00 PM IST
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The Indian stock market is experiencing a positive trend today, with 33 out of 38 sectors advancing and only 5 sectors declining. The NIFTYIT sector is leading the gains with a 1.58% increase, while the NIFTYREALTY sector is the top loser with a decline of 0.49%. The SENSEX, India's benchmark index, is trading at 81,655.32 with a gain of 698.99 points or 0.86%. The market is being driven by positive movement in large caps, with the IT sector leading the gains. The Sensex is also trading above its 50-day and 200-day moving averages, indicating a positive trend.

The Indian stock market is showing a positive trend today, with 33 out of 38 sectors advancing and only 5 sectors declining. The NIFTYIT sector is leading the gains with a 1.58% increase, while the NIFTYREALTY sector is the top loser with a decline of 0.49%.

The SENSEX, India's benchmark index, is trading at 81,655.32 with a gain of 698.99 points or 0.86%. The advance-decline ratio across BSE500 is at 1.18x, with 270 advances and 229 declines. The BSE100, SMLCAP, and MIDCAP caps are also showing positive movement, rising by 0.7%, 0.19%, and 0.12% respectively.

In terms of top gainers in the BSE500 index, Mah. Seamless is leading with a 12.23% increase, followed by Finolex Cables at 7.43% and Castrol India at 6.55%. On the other hand, Graphite India is the top loser with a decline of 5.93%, followed by K E C Intl. at 3.57% and Divi's Lab. at 3.28%.

The Sensex opened 226.41 points higher and has continued to climb, reaching 81,606.69 with a gain of 423.95 points or 0.8%. The NIFTY IT and S&P Bse IT have hit a new 52-week high today. The Sensex is also trading above its 50-day moving average (DMA), with the 50 DMA trading above the 200 DMA, indicating a positive trend in the market.

Large caps are leading the market today, with Zomato Ltd being the top gainer at 4.58%. In the mid-cap segment, Castrol India is the top gainer with a 6.55% increase, while in the small-cap segment, Mah. Seamless is the top gainer with a 12.23% increase. On the other hand, Divi's Lab. is the top loser in the large-cap segment with a decline of 3.28%, while Oil India is the top loser in the mid-cap segment with a decline of 2.84% and Graphite India is the top loser in the small-cap segment with a decline of 5.93%.

Overall, the Indian stock market is being driven by positive movement in large caps, with the IT sector leading the gains. The market is also showing strength with the Sensex trading above its 50 DMA and 200 DMA. Investors can expect continued positive movement in the market in the coming days.

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