Stock Market Sees Mixed Trend, Zomato Leads Gainers While Cummins India Tops Losers

Aug 02 2024 03:00 PM IST
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Today, the stock market is experiencing a mixed trend, with small caps remaining flat. Zomato Ltd is the top gainer in the large cap category, while Clean Science and Neuland Labs are leading in the mid and small cap categories respectively. On the other hand, Cummins India and Yasho Industries are the top losers in the large and small cap categories. Out of 40 sectors, only 2 are advancing, with NIFTYPHARMA being the top gainer and NIFTYREALTY being the top loser. Investors are also keeping an eye on upcoming results, with the SENSEX currently trading at 81,000.82 with a loss of 866.73 points. The market is currently showing a bearish sentiment, with the Sensex trading above its 50-day moving average.
The stock market is seeing a mixed trend today, with small caps trading flat. However, there are some notable gainers and losers in the large, mid, and small cap categories. Zomato Ltd is leading the pack with a gain of 12.86% in the large cap category, while Clean Science is up by 4.92% in the mid cap category. Neuland Labs is the top gainer in the small cap category with a gain of 14.91%. On the other hand, Cummins India is the top loser in both the large and mid cap categories, with a decline of 7.66%. Yasho Industries is the top loser in the small cap category, down by 7.83%. Out of the 40 sectors, only 2 are advancing while 38 are declining. The top losing sector is NIFTYREALTY with a decline of 3.45%, while NIFTYPHARMA is the top gaining sector with a gain of 0.73%. Investors are also keeping an eye on upcoming results, with Divi's Lab, Bank of India, and State Bank of India set to announce their results on 3rd August 2024. The SENSEX is currently trading at 81,000.82 with a loss of 866.73 points, down by 1.06%. The advance-decline ratio across BSE500 is 145 advances to 353 declines, indicating a bearish sentiment. In terms of market caps, SMLCAP is down by 0.47%, MIDCAP is down by 1.06%, and BSE100 is down by 1.08%. The top gainers in the BSE500 index include Zomato Ltd with a gain of 12.86%, Adani Wilmar with a gain of 9.99%, and PCBL Ltd with a gain of 8.82%. On the other hand, the top losers include Cummins India with a decline of 7.66%, Escorts Kubota with a decline of 5.49%, and G R Infraproject with a decline of 5.18%. The Sensex opened 708.56 points lower but has recovered slightly and is currently trading at 80,975.85, down by 1.09%. It is also 1.42% away from its 52-week high of 82,129.49. However, it is still trading above its 50-day moving average (DMA), with the 50 DMA trading above the 200 DMA. Investors are advised to keep a close watch on the market and make informed decisions based on the current trends.

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