Large Cap Stocks Experience Downward Trend, Upcoming Results and Technical Changes to Impact Market
The BSE 100 index has seen a decline of -1.52% today and -2.77% in the last 5 days, with only 11 stocks advancing and 89 stocks declining. Upcoming results and technical changes in certain stocks could impact the market in the next few days. Vedanta has been upgraded to a buy and several stocks have seen positive changes in their technical calls, indicating a potential for growth. Investors should closely monitor these developments and make informed decisions.
The stock market has been experiencing a downward trend in the large cap segment, with the BSE 100 index down by -1.52% today and -2.77% in the last 5 days. Among the large cap stocks, JSW Steel has been the best performer with a return of 1.75%, while Dabur India has been the worst performer with a return of -5.52%.
The advance-decline ratio in this segment is also not in favor of the market, with only 11 stocks advancing and 89 stocks declining, resulting in a 0.12x ratio. However, there are some upcoming events that could potentially impact the market in the next few days.
Several companies in the large cap segment are set to declare their results, including TCS on 10th Oct, HCL Technologies on 14th Oct, HDFC AMC on 15th Oct, Bajaj Auto on 16th Oct, and Infosys on 17th Oct. These results could have a significant impact on the market and investors should keep a close eye on them.
In recent news, Vedanta has been upgraded from a hold to a buy in the large cap index. This could potentially attract more investors to the stock and drive its performance in the market.
Additionally, there have been some changes in the technical calls of certain stocks in the large cap index. Avenue Supermarts has been upgraded from bullish to mildly bullish, while Tech Mahindra, Titan Company, Siemens, and Wipro have all been upgraded from mildly bullish to bullish. These changes could indicate a positive outlook for these stocks and could potentially drive their performance in the market.
Investors should keep a close watch on these developments in the large cap segment and make informed decisions based on the performance of individual stocks and the market as a whole.
Our weekly and monthly stock recommendations are here
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