Small-Cap Stocks Lead Market as Nifty Closes Below 50DMA
Today, the stock market showed mixed trends with mid-cap stocks trading flat and small-cap stocks leading with a gain of 1.15%. The Nifty closed with a decrease of 135.5 points, while the SENSEX saw a loss of 553.12 points. Investors are eagerly awaiting the results of Bondada Engineer, Zen Technologies, and K E C Intl. on November 1st, 2nd, and 4th respectively, which are expected to have a significant impact on the market. Cipla, Emami, and Akzo Nobel were the top gainers in their respective categories, while Tech Mahindra, Aditya Birla Cap, and Mufin Green were the top losers. The market is currently in a bearish trend, with small-cap stocks leading the way.
The stock market is seeing mixed trends today, with mid-cap stocks trading flat while small-cap stocks are leading the market with a gain of 1.15%. The Nifty closed at 24,205.35 with a decrease of 135.5 points, while the SENSEX is trading at 79,389.06 with a loss of 553.12 points.
Investors are eagerly awaiting the upcoming results of Bondada Engineer, Zen Technologies, and K E C Intl. on November 1st, 2nd, and 4th respectively. These results are expected to have a significant impact on the market.
In today's trading, Cipla emerged as the top gainer in the large-cap category with a gain of 9.58%, while Emami and Akzo Nobel were the top gainers in the mid-cap and small-cap categories with gains of 5.35% and 15.22% respectively. On the other hand, Tech Mahindra, Aditya Birla Cap, and Mufin Green were the top losers in the large-cap, mid-cap, and small-cap categories with losses of 4.54%, 5.62%, and 8.50% respectively.
The advance-decline ratio across BSE500 was 1.53x, with 302 advances and 197 declines. The SMLCAP Caps index saw a rise of 1.62%, while the MIDCAP Caps index fell by 0.34% and the BSE100 Caps index fell by 0.58%.
In terms of sectors, out of the 38 sectors, 14 sectors were advancing while 24 sectors were declining. The top losing sector was NIFTYIT with a decrease of 3.03%, while the top gaining sector was S&P INDLS with an increase of 2.15%.
It is worth noting that the Nifty is currently trading below its 50 Day Moving Average (DMA), while the 50DMA is trading above its 200DMA. This indicates a bearish trend in the market, with small-cap stocks leading the way. Investors should keep a close eye on the upcoming results and sector performance to make informed decisions in the market.
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