The stock market has been a rollercoaster ride today, with the Sensex opening lower by 257.35 points but making a strong recovery of 577.70 points. Currently, the Sensex is trading at 81,326.96 with a gain of 0.4%. However, it is still below its 50 Day Moving Average (DMA), which is trading above its 200DMA.

The market is being driven by large cap stocks today, with the Sensex gaining by 0.4%. On the other hand, small cap stocks are trading flat. The top gainers in the large cap category are Axis Bank with a gain of 5.73%, while Mazagon Dock is the top mid cap gainer with a 6.83% increase. In the small cap category, Pennar Industrie is leading with a gain of 12.00%. However, LTI Mindtree is the top loser in the large cap category with a decrease of 6.50%, followed by Indraprastha Gas with a loss of 10.11% in the mid cap category. Magellanic Cloud is the top loser in the small cap category with a decrease of 15.18%.

In terms of individual stocks, SENSEX is trading at 81,310.91 with a gain of 304.30 points (0.38%). Investors are eagerly waiting for the upcoming results of Pun. & Sind Bank, Kotak Mah. Bank, and Multi Comm. Exc. on 19th October 2024.

The advance decline ratio across BSE500 is 1.23x, with 275 advances and 223 declines. Among the different market caps, BSE100 is rising by 0.4%, MIDCAP is rising by 0.31%, and SMLCAP is falling by 0.04%. The top gainers in the BSE500 index are Motil.Oswal.Fin. with a gain of 9.77%, followed by A B Real Estate with a gain of 9.76%, and Mazagon Dock with a gain of 6.83%. On the other hand, Manappuram Fin. is the top loser with a decrease of 13.22%, followed by Indraprastha Gas with a loss of 10.11%, and Mahanagar Gas with a loss of 9.99%.

Out of the 38 sectors, 30 are advancing while 8 are declining. The top gaining sector is BANKEX with a 1.94% increase, while the top losing sector is BSE IT with a decrease of 1.57%. It is clear that the market is being driven by the banking sector today.

Overall, the market is showing a mixed trend with large cap stocks leading the gains. Investors are keeping a close eye on the upcoming results and the performance of different sectors. With 30 sectors advancing, it is evident that the market is still showing signs of resilience despite the initial dip.