Indian Stock Market Shows Strong Advance Decline Ratio and Positive Trend

Mar 28 2024 01:00 PM IST
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The Indian stock market is experiencing a positive trend today, with the BSE500 index showing a strong advance decline ratio of 2.33x. The top gainers in the index include V I P Industries, Aegis Logistics, and Century Textiles, while the top losers are AIA Engineering, Shoppers Stop, and Blue Star. The SENSEX is also trading positively, with a gain of 1.25% and is just 0.44% away from its 52-week high. Large cap stocks are performing well, with Bajaj Finserv, Relaxo Footwear, and GOCL Corporation showing significant gains. The market is being driven by strong performances in various sectors, with only one sector showing a decline. Investors can continue to monitor the market closely for potential opportunities.

The Indian stock market is on a positive trend today, with the BSE500 index showing a strong advance decline ratio of 349 advances to 150 declines, at a ratio of 2.33x. The BSE100, MIDCAP, and SMLCAP caps are all showing a rise, with the BSE100 caps leading at 1.2%.

The top gainers in the BSE500 index include V I P Industries with a 12.95% increase, Aegis Logistics with an 11.25% increase, and Century Textiles with a 10.50% increase. On the other hand, the top losers in the index are AIA Engineering with a 3.33% decrease, Shoppers Stop with a 3.21% decrease, and Blue Star with a 3.12% decrease.

The SENSEX is also showing a positive trend, trading at 73,909.67 with a gain of 913.36 points, at a 1.25% increase. However, small caps are trading flat today. The top gainers in the large cap, mid cap, and small cap categories are Bajaj Finserv with a 4.41% increase, Relaxo Footwear with a 5.13% increase, and GOCL Corporation with a 19.45% increase, respectively. On the other hand, the top losers in these categories are IDFC First Bank with a 2.65% decrease, ICICI Securities with a 3.07% decrease, and Sanmit Infra with a 5.00% decrease.

After opening 153.03 points higher, the SENSEX has further climbed 767.75 points to reach 73,917.09, at a 1.26% increase. The index is also just 0.44% away from its 52-week high of 74,245.17. Additionally, the SENSEX is currently trading above its 50-day moving average, with the 50 DMA trading above the 200 DMA.

In terms of sectors, out of the 40 sectors advancing today, 39 are showing an increase while only 1 is declining. The top gaining sector is NIFTYPSUBANK with a 2.15% increase, while the top losing sector is NIFTYMEDIA with a 0.17% decrease.

Overall, the market is being driven by strong performances in large cap stocks, with the SENSEX gaining 1.26% today. The positive trend is also reflected in the advance decline ratio and the performance of various sectors. Investors can continue to monitor the market closely and make informed decisions based on the current trends.

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