The small cap segment of the market has been experiencing a downward trend, with the BSE Smallcap index down by -0.32% today and -0.4% in the last 5 days. This is in contrast to its previous performance, where it was the best performer with a return of 9.91% by Vishnu Prakash R. However, Manappuram Fin. has been the worst performer with a return of -13.30%.

The advance decline ratio of stocks in this small cap segment is also not looking favorable, with 358 stocks advancing and 578 stocks declining, resulting in a 0.62x ratio. This indicates a bearish sentiment in the market.

Investors should also keep an eye on the upcoming results of some key companies in this segment. PC Jeweller, Multi Comm. Exc., Seshasayee Paper, RBL Bank, and Lloyds Engineeri are all set to declare their results on 19th October 2024.

In terms of stock upgrades, the following stocks have recently been upgraded from Hold to Buy in this small cap segment: Himadri Special, Stylam Industrie, Angel One, Newgen Software, and Anand Rathi Wea. This could be a positive sign for investors looking to invest in these stocks.

On the technical front, some stocks in this small cap index have also seen a change in their technical call. Suraj Estate has changed from None to Bullish, while Zaggle Prepaid and R R Kabel have both changed from Mildly Bullish to Bullish. Piramal Pharma has changed from None to Mildly Bullish, and Supriya Lifesci. has changed from None to Bullish. These changes could indicate potential buying opportunities for investors.

Overall, the small cap segment of the market is currently facing some challenges, but with the right strategy and careful analysis of stock performance, investors can still find opportunities for growth and profit.