Metal Sector Leads Market as Realty Sector Struggles: BSE 500 Index Down -1.10%

Oct 03 2024 11:00 AM IST
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Today, the stock market is showing a ratio of 0.03, with the metal sector being the only one showing growth and the realty sector facing significant losses. Investors should closely monitor these sectors and do thorough research before making any investment decisions.
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The stock market is constantly fluctuating, and today is no exception. With 37 declining sectors and only 1 advancing sector, the market is showing a ratio of 0.03. This means that for every one sector that is advancing, there are 37 sectors that are declining. The BSE 500 index has also seen a decrease of -1.10% in one day.

The metal sector is the only one showing signs of growth, with a gain of 0.46%. This is largely due to Jindal Steel, which has seen a significant increase of 3.16%. On the other hand, the realty sector is struggling, with a decline of -2.59%. Nifty Auto and Nifty Realty are also facing losses of -1.82% and -1.70% respectively.

The top stocks driving the metal sector are Jindal Steel, while the top stocks dragging the realty sector are Phoenix Mills. Phoenix Mills has seen a decrease of -5.78%, while Eicher Motors has also contributed to the decline with a decrease of -3.79%.

The metal sector has the best advanced decline ratio today, with a ratio of 0.83. This means that for every one stock that is declining, there are 0.83 stocks that are advancing. On the other hand, the realty sector has the worst advanced decline ratio with a ratio of 0.08.

Overall, the market is being driven by the metal sector, while the realty sector is facing significant losses. Investors should keep a close eye on these sectors and their respective stocks to make informed decisions. As always, it is important to carefully analyze market trends and do thorough research before making any investment decisions.

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