Large Cap Stocks See Decline in BSE 100, Upcoming Results and Technical Upgrades to Watch

Apr 16 2024 09:25 AM IST
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The BSE 100, representing the large cap segment, has seen a consistent decline of -0.38% in the last 5 days. Bank of Baroda has been recommended to be held or bought, while Zee Entertainment and LTI Mindtree have been the best and worst performers respectively. The advance-decline ratio for large cap stocks is 0.56x. Upcoming results of major companies like ICICI Lombard, Infosys, and Bajaj Auto should be monitored. Tata Motors - DVR, State Bank of India, Apollo Hospitals, United Spirits, and Bharti Airtel have all seen a change in their technical call, which could impact their stock performance. Investors should stay updated on the latest trends and keep an eye on these large cap stocks.
The stock market is constantly driven by various factors such as company performance, economic conditions, and global events. Today, we have observed that the large cap segment, represented by BSE 100, has seen a decline of -0.38%. This trend has been consistent in the last 5 days, with a decrease of -1.89%.

Among the large cap stocks, Bank of Baroda has been recommended to be held or bought. On the other hand, Zee Entertainment has been the best performer with a return of 1.27%, while LTI Mindtree has been the worst performer with a return of -2.96%. The advance-decline ratio for large cap stocks stands at 36 advancing stocks to 64 declining stocks, with a ratio of 0.56x.

Investors should keep an eye on the upcoming results of some major companies in the large cap segment. ICICI Lombard, Infosys, Bajaj Auto, HDFC Life Insurance, and Wipro are all set to declare their results in the next few days.

In terms of stock upgrades, Tata Motors - DVR, State Bank of India, Apollo Hospitals, United Spirits, and Bharti Airtel have all seen a change in their technical call from none or bullish to mildly bullish. This could potentially impact their stock performance in the coming days.

As the stock market continues to fluctuate, it is important for investors to stay updated on the latest trends and make informed decisions. Keep an eye on these large cap stocks and their performance in the coming days.

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