Market Sees Mixed Trend as Advance-Decline Ratio Declines and Sectors Show Varied Performance

Oct 29 2024 12:00 PM IST
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The small cap market is also seeing a decline, while the large and mid cap categories are seeing some gains. The top gainers and losers in different categories are JSW Infrast, Federal Bank, Sumitomo Chemi., Sapphire Foods, Firstsour.Solu., KSB, Syrma SGS Tech., Tata Motors, Glenmark Pharma, and Spandana Sphoort. The market is also seeing a mixed trend in terms of sectors, with BANKNIFTY and NIFTYAUTO being the top gaining and losing sectors respectively.

The stock market is seeing a mixed trend today, with the Sensex opening flat and then falling by -325.48 points to 79,711.72 (-0.37%). The market is being driven by a decline in the advance-decline ratio across BSE500, with 187 advances and 310 declines, resulting in a ratio of 0.6x. The small cap market is also seeing a decline, with SMLCAP Caps falling by 0.21%, BSE100 Caps falling by 0.41%, and MIDCAP Caps falling by 0.46%.

In terms of top gainers, JSW Infrast is leading the BSE500 with a gain of 8.43%, followed by Federal Bank with a gain of 7.72%, and Sumitomo Chemi. with a gain of 7.25%. On the other hand, Sapphire Foods is the top loser with a decline of -6.95%, followed by Firstsour.Solu. with a decline of -6.51%, and KSB with a decline of -5.66%.

Investors are also keeping an eye on the upcoming results of Grindwell Norton, Dabur India, and Larsen & Toubro, all scheduled to be announced on 30th October 2024. In terms of market caps, small caps are trading flat today, while the top gainer in the large cap category is Federal Bank with a gain of 7.72%, and the top gainer in the mid cap category is JSW Infrast with a gain of 8.43%. The top gainer in the small cap category is Syrma SGS Tech. with a gain of 14.05%.

On the other hand, the top losers in the large cap category are Tata Motors with a decline of -4.06%, followed by Glenmark Pharma with a decline of -4.57%, and Spandana Sphoort with a decline of -16.96%. The market is also seeing a mixed trend in terms of sectors, with 7 sectors advancing and 31 sectors declining. The top gaining sector is BANKNIFTY with a gain of 0.83%, while the top losing sector is NIFTYAUTO with a decline of -2.11%.

Overall, the market is being driven by a decline in the advance-decline ratio and mixed trends in different sectors. Investors are advised to keep a close watch on the upcoming results and monitor the market closely for any potential opportunities.

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