Stock Market Sees Mixed Performance with 2 Advancing Sectors and 38 Declining Sectors

Feb 28 2024 12:00 PM IST
share
Share Via
Today, the BSE 500 index has seen a decrease of -0.92% and the top gaining sectors are NIFTYIT and TECK, while the top losing sectors are NIFTYMEDIA, REALTY, and S&P BSE Utilities. The NIFTYIT sector is being driven by TCS, while Tejas Networks is leading the TECK sector. The NIFTYSERVICE sector has the best advanced decline ratio, indicating a mix of both positive and negative trends in the stock market.
05.
The stock market is constantly fluctuating, and today is no exception. With 2 advancing sectors and 38 declining sectors, the ratio stands at 0.05. The BSE 500 index has also seen a decrease of -0.92% in just one day. The top gaining sectors today are NIFTYIT with a 0.21% increase and TECK with a 0.03% increase. On the other hand, the top losing sectors are NIFTYMEDIA with a significant decrease of -2.78%, followed by REALTY with -2.19% and S&P BSE Utilities with -2.07%. The driving force behind the NIFTYIT sector is TCS, with a 0.78% increase, while Tejas Networks is leading the TECK sector with a 2.32% increase. However, the S&P BSE Utilities sector is being dragged down by KPI Green Energy with a -5.00% decrease, while Sobha is causing a -3.97% decrease in the REALTY sector. Zee Entertainment is also contributing to the decline in the NIFTYMEDIA sector with a -4.31% decrease. The sector with the best advanced decline ratio today is NIFTYSERVICE with a ratio of 0.5, followed by NIFTYMEDIA with a ratio of 0.05. This indicates that while there are more declining sectors, the ones that are advancing are doing so at a higher rate. Overall, the stock market is being driven by a mix of both positive and negative factors, with some sectors seeing growth while others are experiencing a decline. Investors should keep a close eye on these trends and make informed decisions when it comes to their investments.

Mojo Stocks - The Top 1% Picks across Markets

Top 10 Large Cap Mid Cap Small Cap
{{col.header}}
Latest
OPEN CALL
CLOSED CALL
{{s[col.key]}} {{s.change_value}}
{{ s.score.value }} - {{ s.score.call_type }}
{{ s.dot_summary.score }} - {{ s.dot_summary.scoreText }}
{{s[col.key]}} {{col.extra}}

Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News