Small Cap Stocks Lead Market as Divi's Lab and Torrent Power See Significant Gains
The Sensex is trading below its 50 Day Moving Average (DMA), while the 50DMA is trading above its 200DMA.
Today, the stock market is experiencing a mixed trend, with large caps trading flat. However, there are some notable gainers, such as Divi's Lab, Torrent Power, and Dhani Services, in the mid and small cap categories. On the other hand, Ashok Leyland and Natl. Aluminium are the top losers in their respective categories. The market is being led by small cap stocks, with BSE Small Cap gaining 1.52%. The Sensex is currently trading below its 50 Day Moving Average (DMA), while the 50DMA is above its 200DMA. Upcoming results from TCS, Tata Elxsi, and Indian Renewable are expected on 10th October 2024. Out of 38 sectors, 31 are advancing and 7 are declining, with REALTY and BSEFMC being the top gaining and losing sectors, respectively. Overall, the market is showing a mixed trend with small cap stocks leading the way.
The stock market is seeing a mixed trend today, with large caps trading flat. However, there are some notable gainers in the market, with Divi's Lab leading the large caps with a 4.03% increase. In the mid cap category, Torrent Power is the top gainer with an 8.47% increase, while Dhani Services is the top gainer in the small cap category with a 15.43% increase.
On the other hand, Ashok Leyland is the top loser in both the large and mid cap categories, with a 2.97% decrease. Natl. Aluminium is the top loser in the small cap category with a 3.39% decrease. The advance-decline ratio across BSE500 is at 4.15x, with 403 advances and 97 declines.
The market is being led by small cap stocks today, with BSE Small Cap gaining 1.52%. The Sensex opened at 81,954.58 and is currently trading at 81,779.20, with a gain of 319.77 points (0.39%). NIFTY PHARMA has hit a new 52-week high today. However, the Sensex is trading below its 50 Day Moving Average (DMA), while the 50DMA is trading above its 200DMA.
In terms of upcoming results, TCS, Tata Elxsi, and Indian Renewable are set to announce their results on 10th October 2024. Out of the 38 sectors, 31 are advancing while 7 are declining. The top gaining sector is REALTY with a 2.16% increase, while the top losing sector is BSEFMC with a 0.60% decrease. Overall, the market is showing a mixed trend with small cap stocks leading the way.
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