Stock Market Mixed Today: Axis Bank, Trent, Shriram Finance, Infosys, and Power Grid Corporation Show Technical Changes

Apr 23 2024 11:00 AM IST
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Today, the stock market has shown mixed trends, with some stocks experiencing a bullish run while others remain stagnant. In the large cap index, Axis Bank, Trent, Shriram Finance, Infosys, and Power Grid Corporation have all seen technical changes. The BSE 100 index has seen a slight increase of 0.19%, with Infosys, Shriram Finance, and Ambuja Cements being upgraded from hold to buy. DLF has been the best performer with a return of 3.42%, while Zomato Ltd has been the worst performer with a return of -1.66%. Upcoming results for Axis Bank, Indian Hotels Co, Hindustan Unilever, AU Small Finance, and LTI Mindtree could have an impact on the market.
The stock market has been showing mixed trends today, with some stocks experiencing a bullish run while others remain stagnant. In the large cap index, we have seen some technical changes in the following stocks: Axis Bank, Trent, Shriram Finance, Infosys, and Power Grid Corporation. Axis Bank has been trading sideways to mildly bullish, while Trent and Shriram Finance have both shown a shift from mildly bullish to bullish. Infosys, on the other hand, has been trading sideways to mildly bullish. Power Grid Corporation has also seen a change from bullish to mildly bullish. In the broader market, the BSE 100 index has shown a slight increase of 0.19%. However, in the last 5 days, it has seen a more significant increase of 0.97%. Infosys, Shriram Finance, and Ambuja Cements have all been upgraded from hold to buy. Among the large cap stocks, DLF has been the best performer with a return of 3.42%, while Zomato Ltd has been the worst performer with a return of -1.66%. The advance-decline ratio for this segment is 64 stocks advancing and 36 stocks declining, with a ratio of 1.78x. Investors should keep an eye on the upcoming results of Axis Bank, Indian Hotels Co, Hindustan Unilever, AU Small Finance, and LTI Mindtree, all of which are set to declare their results on 24th April 2024. In terms of stock upgrades, we have seen some positive changes in the large cap segment. Axis Bank, Indian Hotels Co, Hindustan Unilever, AU Small Finance, and LTI Mindtree have all had their scores upgraded recently. This could be a sign of good things to come for these stocks.

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