Stock Market Sees Mixed Trend, NIFTYIT Gains While S&P BSE Utilities Decline
Today, the stock market is experiencing a mixed trend, with 3 sectors advancing and 35 sectors declining. The top gaining sector is NIFTYIT, while the top losing sector is S&P BSE Utilities. Large caps are trading flat, while mid and small cap categories are seeing gains. The Sensex opened higher but is currently trading below its 50 Day Moving Average. The advance decline ratio across BSE500 is 0.07x. In terms of top gainers and losers, Astrazeneca Phar, Finolex Inds., and Macrotech Devel. are leading, while Jubilant Ingrev., Bombay Burmah, and Lloyds Metals are the top losers. Upcoming results from T R I L, TCS, and Tata Elxsi are also being closely watched. The SENSEX is currently trading with a loss of 0.25%.
The stock market is seeing a mixed trend today, with 3 sectors advancing and 35 sectors declining out of a total of 38 sectors. The top gaining sector is NIFTYIT, with a 0.33% increase, while the top losing sector is S&P BSE Utilities, with a decline of 3.06%.
Large caps are trading flat today, with ITC being the top gainer at 1.61%. In the mid cap category, AU Small Finance is the top gainer with a 1.12% increase, while Heidelberg Cem. leads the small cap category with a gain of 8.85%. On the other hand, Varun Beverages, Rail Vikas, and Geojit Fin. Ser. are the top losers in the large, mid, and small cap categories respectively.
The Sensex opened 238.54 points higher but fell sharply by 474.11 points and is currently trading at 81,452.88, showing a decline of 0.29%. The Sensex is currently trading below its 50 Day Moving Average (DMA), while the 50DMA is trading above its 200DMA.
The advance decline ratio across BSE500 is 34 advances to 465 declines, with a ratio of 0.07x. The BSE100, MIDCAP, and SMLCAP caps are also showing a decline of 0.73%, 2.14%, and 3.25% respectively.
In terms of top gainers in the BSE500, Astrazeneca Phar, Finolex Inds., and Macrotech Devel. are leading with gains of 5.22%, 3.79%, and 3.04% respectively. On the other hand, Jubilant Ingrev., Bombay Burmah, and Lloyds Metals are the top losers with declines of 8.88%, 8.71%, and 7.11% respectively.
Investors are also keeping an eye on upcoming results, with T R I L, TCS, and Tata Elxsi set to announce their results on 8th, 10th, and 10th October 2024 respectively.
The SENSEX is currently trading at 81,481.69 with a loss of 206.76 points, showing a decline of 0.25%. With the market being driven by various factors, it will be interesting to see how it performs in the coming days.
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