Sensex Drops 369 Points Amid 86 Advancers to 412 Decliners; Jupiter Wagons Shines 5.80%
The Indian stock market faced a decline today, with the Sensex dropping 369.82 points to 80,789.86, marking a 0.46% decrease. The index opened lower and is currently below its 50-day moving average, suggesting a mixed technical outlook. The advance-decline ratio on the BSE500 was unfavorable, with only 86 stocks advancing against 412 declining. Most sectors struggled, with NIFTYPHARMA leading losses at -1.74%. Jupiter Wagons was the top gainer, up 5.80%, while Wockhardt experienced the largest loss, down 6.00%.
The Indian stock market experienced a downturn today, with the Sensex trading at 80,789.86, reflecting a loss of 369.82 points or 0.46%. The index opened lower by 203.67 points and is currently positioned below its 50-day moving average, which itself is above the 200-day moving average, indicating a mixed technical outlook.The advance-decline ratio across the BSE500 was notably unfavorable, with only 86 stocks advancing compared to 412 declining, resulting in a ratio of 0.21. Among the major indices, the BSE100, MIDCAP, and SMLCAP caps fell by 0.48%, 0.74%, and 0.97%, respectively.
In sector performance, only four out of 38 sectors managed to advance, with NIFTYPHARMA leading the declines at -1.74%, while NIFTYAUTO was the top gainer, up by 0.11%.
On the stock front, Jupiter Wagons emerged as the top gainer in the BSE500, rising by 5.80%, followed by Tata Investment Corporation at 4.58% and Godrej Agrovet at 3.78%. Conversely, Wockhardt led the losses, down by 6.00%, with Caplin Point Lab and Waaree Energies also facing significant declines of 5.11% and 5.01%, respectively.
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