Sensex Dips 159.60 Points as Advance-Decline Ratio Hits 1:3; Sundram Fasteners Shines
The Indian stock market faced a downturn today, with the Sensex initially rising but ultimately closing down 0.19% at 84,790.67. Despite being close to its 52-week high, market breadth was negative, with only one sector, NIFTYMEDIA, advancing. The advance-decline ratio on the BSE500 was heavily skewed at 0.28x, indicating widespread declines across most sectors. Notable gainers included Sundram Fasteners and Aster DM Healthcare, while Kaynes Technology led the losses. The small-cap sector showed mixed results, with Fairchem Organic surging significantly, contrasting with Fischer Medical's sharp decline.
The Indian stock market experienced a challenging session today, with the Sensex opening 91.42 points higher before declining by 251.70 points, ultimately trading at 84,790.67, reflecting a loss of 0.19%. The index remains just 0.59% shy of its 52-week high of 85,290.06. The market breadth was notably negative, with only one sector, NIFTYMEDIA, advancing by 0.19%, while 35 sectors, led by NIFTYMETAL, which fell by 0.83%, faced declines.The advance-decline ratio across the BSE500 was stark, with 108 stocks advancing against 389 declining, resulting in a ratio of 0.28x. The BSE100, SMLCAP, and MIDCAP indices also saw declines of 0.2%, 0.34%, and 0.36%, respectively.
Among the top gainers in the BSE500, Sundram Fasteners led with a rise of 6.27%, followed by Aster DM Healthcare at 4.40% and Westlife Food at 3.48%. Conversely, Kaynes Technology was the top loser, down 4.62%, followed by Emcure Pharma and Narayana Hrudaya, which fell by 2.97% and 2.47%, respectively. In the large-cap segment, Max Healthcare gained 1.70%, while Tube Investments dropped by 1.31%. The small-cap sector saw Fairchem Organic surge by 13.20%, but Fischer Medical faced a significant decline of 9.92%.
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