Stock Market Rises with Positive Advance-Decline Ratio and Small & Mid Caps Leading
The stock market is performing well today, with the SENSEX gaining 1.44% and the advance-decline ratio at 21.55x. All 38 sectors are advancing, with OILGAS leading with a gain of 2.96%. Small caps are leading the market, with BSE Small Cap and BSE Mid Cap gaining 1.66% and 1.62%, respectively. Top gainers in the BSE500 index include Rites, Rail Vikas, and Ircon Intl., while JSW Steel, Thermax, and Shoppers Stop are the top losers. The Sensex is currently trading above its 50DMA, but below its 200DMA, indicating a mixed trend. Investors can monitor the performance of small and mid caps, while keeping an eye on the 50DMA and 200DMA levels for a better understanding of the market trend.
and BSE Mid Cap gaining by 1.62%.The stock market is on the rise today, with the SENSEX trading at 80,259.62 and a gain of 1142.51 points, a 1.44% increase. The advance-decline ratio across BSE500 is also showing a positive trend, with 474 advances and only 22 declines, a ratio of 21.55x. This is reflected in the performance of different market caps, with small caps rising by 1.76%, mid caps by 1.62%, and BSE100 caps by 1.58%.
The top gainers in the BSE500 index are Rites with a gain of 11.23%, followed by Rail Vikas at 7.47% and Ircon Intl. at 6.03%. On the other hand, the top losers are JSW Steel at -1.34%, Thermax at -1.29%, and Shoppers Stop at -1.27%. It is worth noting that out of the 38 sectors, all are advancing today, with the OILGAS sector leading the pack with a gain of 2.96%.
In terms of market caps, large caps are trading flat today, with Zomato Ltd being the top gainer at 5.62%. On the other hand, Rail Vikas is the top gainer in the mid cap category at 7.47%, while Rites leads the small cap category with a gain of 11.23%. The top losers in the large, mid, and small cap categories are JSW Steel, Thermax, and Coffee Day Enter, respectively.
After opening 1,076.36 points higher, the Sensex is currently trading at 80,223.06, a 1.4% increase. However, it is trading below its 50 Day Moving Average (DMA), while the 50DMA is trading above its 200DMA. This indicates a mixed trend in the market. Small caps are leading the market today, with BSE Small Cap gaining by 1.66% and BSE Mid Cap gaining by 1.62%.
Overall, the market is showing a positive trend today, with most sectors and market caps in the green. Investors can keep an eye on the performance of small and mid caps, as they seem to be driving the market today. However, it is important to keep an eye on the 50DMA and 200DMA levels for a better understanding of the market trend.
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