Stock market anticipates major company results, Nifty 50 up 0.16%
The stock market is anticipating the upcoming results of major companies, including Oil India, ONGC, and Deepak Nitrite, which are set to be announced on May 20, 2024. In today's trading session, the SENSEX is up by 0.12%, with all 40 sectors advancing and the S&P INDLS sector being the top gainer at 1.26%. Large caps are trading flat, while mid and small cap segments are seeing gains. The Nifty closed at 22,502.00, up by 0.16%, and is currently trading above its 50-day moving average. The large cap segment is leading the market, with Nifty Next 50 up 0.82% and Nifty 50 up 0.16%, indicating a positive sentiment among investors. Stay tuned for more updates on the stock market.
and Nifty 50 up 0.16%.The stock market is buzzing with anticipation as the upcoming results of major companies are set to be announced on May 20, 2024. Oil India, ONGC, and Deepak Nitrite are among the top companies whose results are eagerly awaited by investors.
In today's trading session, the SENSEX is trading at 74,005.94 with a gain of 88.91 points (0.12%). Out of the 40 sectors, all 40 are advancing, with the S&P INDLS sector being the top gainer at 1.26%. However, large caps are trading flat today, with Hindustan Aeronautics being the top gainer at 4.37%.
On the other hand, in the mid and small cap segments, Balkrishna Inds and Bharat Bijlee are the top gainers at 5.00%. However, JSW Steel, Astral, and Vindhya Telelink are the top losers in the large, mid, and small cap segments respectively.
The advance-decline ratio across BSE500 is at 2.1x, with 338 advances and 161 declines. The SMLCAP and MIDCAP segments are rising by 0.77% and 0.48% respectively, while the BSE100 segment is up by 0.22%.
In the BSE500 index, Balkrishna Inds, Bharat Dynamics, and Hindustan Zinc are the top gainers, while Astral, Delhivery, and Jupiter Wagons are the top losers.
The Nifty closed at 22,502.00 with a change of 35.9 points (0.16%). It is currently 1.3% away from its 52-week high of 22,794.70. The Nifty is also trading above its 50-day moving average (DMA), with the 50 DMA trading above the 200 DMA.
While all segments are gaining, the large cap segment is leading the market, with Nifty Next 50 up 0.82% and Nifty 50 up 0.16%. This indicates a positive sentiment in the market, with investors showing confidence in the large cap companies.
As the market eagerly awaits the upcoming results, it will be interesting to see how these companies perform and how it will impact the overall market. Stay tuned for more updates on the stock market.
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