Large Cap Stocks Show Positive Shifts in Ratings and Steady Market Growth
Today, the large cap index in the stock market has seen some interesting changes. M&M, BPCL, Power Grid Corporation, Wipro, and Larsen & Toubro have all shifted to a bullish trend, while Vedanta has been upgraded to a buy rating. The BSE 100 has shown a slight increase of 0.02%, but in the last 5 days, it has grown significantly by 2.32%. Tata Steel has been the best performer with a return of 4.19%, while Punjab National Bank has been the worst performer with a return of -3.18%. The market currently has a slightly more bearish outlook, with 43 stocks advancing and 56 declining. Overall, the large cap segment is showing positive signs and investors should stay informed about these changes.
The stock market is constantly changing and today, we are seeing some interesting shifts in the large cap index. According to recent technical calls, several stocks have changed their ratings, with some showing a bullish trend.
M&M, BPCL, Power Grid Corporation, Wipro, and Larsen & Toubro have all shifted from mildly bullish to bullish, indicating a positive outlook for these companies. Additionally, Vedanta has been upgraded from a hold to a buy rating.
Looking at the overall market, the large cap segment, represented by BSE 100, has seen a slight increase of 0.02%. However, in the last 5 days, it has shown a significant growth of 2.32%. This segment has been the best performer, with Tata Steel showing a return of 4.19%. On the other hand, Punjab National Bank has been the worst performer with a return of -3.18%.
In terms of stock movement, 43 stocks in the large cap segment are advancing while 56 are declining, resulting in an advance decline ratio of 0.77x. This indicates that the market is currently slightly more bearish.
Overall, the large cap segment is showing positive signs with several stocks upgrading their ratings and the market seeing a steady growth. Investors should keep a close eye on these changes and make informed decisions for their portfolios.
Our weekly and monthly stock recommendations are here
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