Small Caps Lead as Nifty Closes Flat, Waaree Energies Result Awaited
Today's stock market performance was a mix of gains and losses, with small cap companies leading the way. Eicher Motors emerged as the top gainer in the large cap category, while P I Industries saw a decline. The NIFTYMEDIA sector gained the most, while NIFTYFMCG saw a decline. The Nifty closed with a slight decline, indicating a bearish trend. On the other hand, the SENSEX also saw a loss. Small cap companies are leading the market today, with Nifty Small Cap 100 gaining the most. In the BSE500 category, Network.18 Media saw the highest gain, while SKF India saw the highest decline. The market is eagerly waiting for the upcoming result of Waaree Energies, which could have a significant impact.
The stock market saw a mixed performance today, with large caps trading flat while small caps took the lead. The upcoming result of Waaree Energies on November 18, 2024 is creating buzz among investors.
In today's trading session, Eicher Motors emerged as the top gainer in the large cap category with a gain of 6.46%. On the other hand, P I Industries saw a decline of 5.41%, making it the top loser in both large and mid cap categories. Banco Products, a small cap company, saw a significant gain of 19.83%, making it the top gainer in this category.
Out of the 37 sectors, 20 advanced while 17 declined, with the NIFTYMEDIA sector gaining the most at 2.26%. On the other hand, NIFTYFMCG saw a decline of 1.53%, making it the top losing sector.
The Nifty closed at 23,532.70 with a slight decline of 0.11%. It is currently trading below its 50 Day Moving Average (DMA), which is trading above its 200DMA. This indicates a bearish trend in the market.
On the other hand, the SENSEX is trading at 77,580.31 with a loss of 0.14%. The advance decline ratio across BSE500 is at 1.26x, with 277 advances and 219 declines. Small cap companies are leading the market today, with Nifty Small Cap 100 gaining 0.81%.
In the BSE500 category, Network.18 Media saw the highest gain of 8.48%, followed by DCM Shriram at 8.06% and Eicher Motors at 6.46%. On the other hand, SKF India saw a decline of 7.24%, followed by Astrazeneca Phar at 6.21% and P I Industries at 5.41%.
Overall, the market is showing mixed trends with small caps leading the way. Investors are eagerly waiting for the upcoming result of Waaree Energies, which could have a significant impact on the market. It will be interesting to see how the market performs in the coming days.
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