SENSEX Dips 0.13% Despite Tata Steel's 3.94% Surge; Advance-Decline Ratio Positive
The Indian stock market showed mixed results, with the SENSEX closing at 80,875.99, down 0.13% and remaining 3.99% below its 52-week high. The index opened lower, reflecting broader market challenges, as it traded below its 50-day moving average. The BSE Small Cap index outperformed, gaining 0.49%, while the NIFTYMETAL sector led gains at 2.32%. Aegis Logistics was a standout small-cap performer, surging nearly 20%, while Sun TV Network faced significant losses. Overall, the advance-decline ratio indicated a slight preference for advancing stocks among the BSE500.
The Indian stock market experienced a mixed day of trading, with the SENSEX closing at 80,875.99, down by 107.32 points or 0.13%. The index opened lower at 80,684.14, reflecting a decline of 299.17 points or 0.37%. Currently, the SENSEX is approximately 3.99% away from its 52-week high of 84,099.53. Notably, the index is trading below its 50-day moving average, although the 50-day moving average remains above the 200-day moving average.In sector performance, the BSE Small Cap index led the market with a gain of 0.49%, while 16 out of 38 sectors advanced, compared to 22 that declined. The NIFTYMETAL sector emerged as the top gainer, rising by 2.32%, while the NIFTYMEDIA sector faced the largest decline at 1.02%.
Among individual stocks, Aegis Logistics stood out as the top small-cap gainer, surging by 19.77%. Other notable gainers included KIOCL, which rose by 18.84%, and Tata Investment Corporation, up by 8.89%. Conversely, Sun TV Network was the top loser, falling by 5.88%, followed by Sammaan Capital and Poly Medicure, which declined by 4.69% and 3.23%, respectively. The advance-decline ratio across the BSE500 was 261 advances to 235 declines, indicating a slight edge for advancing stocks.
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