Mid-Cap Companies Lead the Way as Sensex Hits New High Today

May 27 2024 02:00 PM IST
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Today, the stock market is experiencing a positive trend, with mid-cap companies driving the market. The BSE Mid Cap has gained 0.98%, while the Sensex has reached a new 52-week high and is trading above its moving averages. The top gainers in the BSE500 index include ZF Commercial, I O B, and J B Chemicals &. On the other hand, EIH, Timken India, and Data Pattern are the top losers. The market is currently trading with 31 sectors advancing and 9 declining. Investors are advised to closely monitor the market and upcoming results of companies like Brigade Enterpr., 3M India, and EIH.

The stock market is showing a positive trend today, with the advance decline ratio across BSE500 at 1.28x. The market is being driven by mid-cap companies, with BSE Mid Cap gaining by 0.98%. The top gainers in the BSE500 index include ZF Commercial with a 20% increase, followed by I O B with 9.73% and J B Chemicals & with 9.23%. On the other hand, the top losers are EIH with a 5.34% decrease, Timken India with a 3.86% decrease, and Data Pattern with a 3.78% decrease.

The Sensex has hit a new 52-week high of 75,837.20 today and is currently trading at 75,844.95 with a gain of 434.56 points or 0.58%. The market is also trading above its 50-day moving average, with the 50 DMA trading above the 200 DMA. In the last three weeks, the Sensex has gained 4.37%, indicating a positive sentiment in the market.

The mid-cap companies are leading the market today, while small-cap companies are trading flat. The top gainers in the large-cap, mid-cap, and small-cap categories are Persistent Sys with a 5.86% increase, I O B with a 9.73% increase, and ZF Commercial with a 20% increase, respectively. On the other hand, the top losers in these categories are Avenue Super with a 2.46% decrease, Emami with a 3.69% decrease, and Techno Elec.Engg with a 10.41% decrease.

Out of the 40 sectors, 31 are advancing today while 9 are declining. The top gaining sector is NIFTYPSUBANK with a 1.48% increase, while the top losing sector is NIFTYCPSE with a 0.53% decrease. Investors are eagerly waiting for the upcoming results of companies like Brigade Enterpr., 3M India, and EIH, which are scheduled to be announced on 28th May 2024.

Overall, the stock market is showing a positive trend today, with mid-cap companies leading the way. The Sensex has hit a new high and is trading above its moving averages, indicating a bullish sentiment. Investors are advised to keep a close eye on the market and upcoming results to make informed investment decisions.

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