Large Cap Segment Leads Market Growth: Upgrades for Reliance and TCS

Dec 22 2023 06:35 PM IST
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The stock market has shown a positive trend today, with the large cap segment leading the way with a growth of 0.47%. GAIL (India) emerged as the top performer, contributing to the overall positive sentiment. Some large cap stocks, including HDFC Bank, Kotak Mahindra Bank, Reliance Industries, and TCS, have been upgraded from hold to buy, indicating a positive outlook for the market.
Reliance Inds. - Hold to Buy on 20th Dec 2023 TCS - Hold to Buy on 19th Dec 2023 The stock market has been on a positive trend today, with the large cap (BSE 100) segment up by 0.47%. This is followed by the midcap (BSE midcap) segment, which is up by 0.74%, and the small cap (BSE Smallcap) segment, which is up by 1.04%. In the last 30 days, the large cap segment has shown a significant growth of 7.91%, making it the best performer in the market. Among the large cap stocks, GAIL (India) has emerged as the top performer with a return of 7.64%. This has contributed to the overall positive sentiment in the market. The advance decline ratio of the stocks in this segment is also favorable, with 71 stocks advancing and only 28 declining, resulting in a ratio of 0.70%. In addition, there have been recent upgrades in the stock scores of some of the large cap stocks. HDFC Bank, Kotak Mahindra Bank, Reliance Industries, and TCS have all been upgraded from hold to buy on 22nd, 21st, 20th, and 19th December 2023 respectively. This indicates a positive outlook for these stocks and further strengthens the performance of the large cap segment. Investors and analysts are closely monitoring the market today, as the large cap segment continues to drive the market with its impressive growth. With the recent upgrades in stock scores and the overall positive sentiment, it is expected that the large cap segment will continue to be a major contributor to the market's performance in the coming days.

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