Large-Cap Stocks Struggle as BSE 100 Index Declines 1.28% Today

Dec 17 2024 04:00 PM IST
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Today's market update indicates a decline in large-cap stocks, with the BSE 100 index falling by 1.28% and a five-day decrease of 1.19%. The advance-decline ratio reflects this trend, with only 9 stocks advancing compared to 91 declining. United Spirits emerged as the top performer with a 2.67% return, while Shriram Finance recorded the worst performance at -5.09%. Several companies, including Cummins India and Lupin, have received upgrades from Hold to Buy ratings amid the current market conditions.
**Market Update: Large Cap Performance Driven by Mixed Signals**

Today’s market activity reveals a challenging landscape for large-cap stocks, with the BSE 100 index down by 1.28%. Over the past five days, this segment has seen a decline of 1.19%. The advance-decline ratio highlights the struggle, with only 9 stocks advancing against 91 declining, resulting in a ratio of 0.1x.

Among the large-cap performers, United Spirits stands out as the best performer with a return of 2.67%. Conversely, Shriram Finance has faced significant challenges, recording a return of -5.09%, marking it as the worst performer in this segment.

In terms of stock ratings, several companies have recently received upgrades. Notable mentions include Cummins India, Lupin, Cholamandalam Investment & Finance, and Hindustan Aeronautics, all transitioning from a "Hold" to a "Buy" recommendation.

As investors navigate this volatile market, the focus remains on identifying resilient stocks amidst the prevailing downturn. Stay tuned for further updates as the market evolves.

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