Mid-Cap Market Declines 0.37%, Whirlpool India Leads with 12.32% Gain
The mid-cap market has experienced mixed results, with the BSE mid-cap index down 0.37%. Notably, Whirlpool India excelled with a 12.32% gain, while JSW Infrastructure lagged, falling 4.06%. Technical analyses reveal a shift in sentiment, with several stocks like Blue Star and Supreme Industries moving to more positive outlooks. However, the advance-decline ratio remains unfavorable at 0.46, with 45 stocks advancing and 98 declining. Investors are also keenly awaiting earnings reports from major companies, including Federal Bank and Yes Bank, later this month.
The mid-cap segment of the market has recently shown mixed performance, with the BSE mid-cap index declining by 0.37%. Despite this overall downturn, certain stocks have stood out. Whirlpool India emerged as the top performer in this segment, delivering an impressive return of 12.32%. In contrast, JSW Infrastructure struggled, recording a decline of 4.06%, marking it as the worst performer in the mid-cap space.Recent technical calls for several stocks indicate a shift in sentiment. Blue Star has moved from a mildly bullish to a bullish outlook, while IDFC First Bank and Max Financial have transitioned from bullish to mildly bullish. Supreme Industries has seen a change from mildly bearish to mildly bullish, and Voltas has shifted from a sideways trend to a mildly bullish stance.
The advance-decline ratio within the mid-cap segment reflects a challenging environment, with 45 stocks advancing against 98 declining, resulting in a ratio of 0.46. Investors are also anticipating upcoming earnings reports from key players such as Federal Bank, Yes Bank, and Colgate-Palmolive, scheduled for later this month.
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