SENSEX Gains 34 Points as Sundram Fasteners Soars 5.22% Amid Healthy Market Breadth
The Indian stock market showed mixed results today, with the SENSEX slightly up at 84,812.89, recovering from an earlier dip. It remains close to its 52-week high, reflecting a resilient market trend with a 2.72% gain over the past three weeks. The BSE500's advance-decline ratio favored advances, particularly in small-cap stocks, while the NIFTYPSUBANK sector led gains. Notable performers included Sundram Fasteners and Apollo Tyres, while Bata India experienced a significant decline. Overall, the market sentiment appears positive despite sectoral variances.
The Indian stock market exhibited a mixed performance today, with the SENSEX trading at 84,812.89, reflecting a modest gain of 34.05 points or 0.04%. The index opened lower at 84,625.71, down 153.13 points, but managed to recover slightly during the trading session. Currently, the SENSEX is just 0.64% shy of its 52-week high of 85,290.06.In terms of market breadth, the advance-decline ratio across the BSE500 showed 310 advances against 187 declines, indicating a positive sentiment with a ratio of 1.66x. Small-cap stocks led the market today, with the BSE Small Cap index rising by 0.36%. Among sectors, the NIFTYPSUBANK emerged as the top gainer, increasing by 0.92%, while the REALTY sector faced a decline of 0.73%.
Notable gainers in the BSE500 included Sundram Fasteners, up 5.22%, and Apollo Tyres, which rose by 4.07%. Conversely, Bata India was the top loser, falling by 6.00%. Overall, the market has shown resilience, gaining 2.72% over the past three weeks, with the SENSEX trading above its 50-day moving average.
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