Market Shows Mixed Performance with Utilities Leading Gains and Auto Sector Facing Decline
Today's stock market shows a slightly bearish trend with 12 advancing sectors and 28 declining sectors. The BSE 500 index has also seen a dip of -0.37% in its one-day return. S&P BSE Utilities, POWER, and NIFTYCPSE are the top gaining sectors, while NIFTYAUTO, NIFTYMEDIA, and AUTO are the biggest decliners. NLC India, NHPC Ltd, and NLC India are driving the top gaining sectors, while M & M and Saregama India are dragging down the biggest decliners. The OILGAS sector has the best advanced decline ratio at 2.33, while NIFTYIT has the lowest at 0.33. Investors should closely monitor these trends to make informed decisions in the market.
33.The stock market is constantly fluctuating, and today is no exception. With 12 advancing sectors and 28 declining sectors, the ratio stands at 0.43, indicating a slightly bearish trend. The BSE 500 index has also seen a dip of -0.37% in its one-day return.
Among the top gaining sectors, S&P BSE Utilities leads the pack with a 0.69% increase, followed by POWER at 0.51% and NIFTYCPSE at 0.50%. These sectors have been driven by strong performances from companies like NLC India, NHPC Ltd, and NLC India, respectively.
On the other hand, NIFTYAUTO takes the top spot for the biggest decline with a -2.02% drop, followed by NIFTYMEDIA at -1.76% and AUTO at -1.65%. These sectors have been dragged down by major players like M & M and Saregama India.
In terms of individual stocks, NLC India continues to dominate with a 4.90% increase in S&P BSE Utilities and NIFTYCPSE. However, M & M has been the biggest drag on the AUTO sector with a -6.47% decrease, while Saregama India has pulled down NIFTYMEDIA by -3.13%.
The OILGAS sector has the best advanced decline ratio today at 2.33, indicating a strong performance from this sector. On the other hand, NIFTYIT has the lowest ratio at 0.33, suggesting a weaker performance compared to other sectors.
Overall, the market is being driven by a mix of positive and negative factors, with some sectors showing strong growth while others are facing a decline. Investors should keep a close eye on these trends and make informed decisions to navigate the market.
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
