HDFC Bank - Hold to Buy

The stock market has been on a positive trend today, with the large cap (BSE 100) index showing a 0.56% increase. This is a continuation of the upward trend seen in the last 5 days, with a 0.94% increase in the large cap index. This is a promising sign for investors, as large cap stocks are considered to be more stable and less volatile.

Among the large cap stocks, Zomato Ltd has shown a significant change in technical call, going from none to bullish. This could be due to the recent buzz around the company's IPO and its potential for growth in the food delivery market. M & M, Indian Hotels Co, LTI Mindtree, and Reliance Industries have also shown a positive shift in their technical calls, from sideways to mildly bullish.

In terms of performance, Power Fin.Corpn. has been the best performer in this large cap segment, with a return of 4.09%. On the other hand, Ashok Leyland has been the worst performer, with a return of -2.86%. However, the overall advance decline ratio for stocks in this segment is positive, with 68 stocks advancing and only 33 declining, with a ratio of 2.06x.

Investors should keep an eye on the upcoming earnings announcements of some major companies in this large cap segment. TCS, HCL Technologies, HDFC Life Insur., HDFC AMC, and Bajaj Auto are all set to declare their results in the next few days. This could have a significant impact on their stock prices and the overall market sentiment.

In terms of stock upgrades, Bank of Baroda and HDFC Bank have recently been upgraded from hold to buy. This could be due to their strong financial performance and potential for growth in the future. Investors should consider these upgrades when making investment decisions.

Overall, the large cap segment has been performing well and showing positive signs for investors. With the upcoming earnings announcements and stock upgrades, it will be interesting to see how the market evolves in the coming days.