The Indian stock market opened with a slight loss today, with the Sensex trading at 80,237.85, down by -131.18 points (-0.16%). However, the market is showing signs of recovery as it is currently trading at 80,238.42 (-0.16%)Bangalore Stock Exchange. The market is being driven by upcoming results of major companies such as Tata Inv.Corpn., Narayana Hrudaya, and Bondada Engineer, all of which are set to announce their results on 31st October and 1st November 2024.
Despite the slight dip in the market, small cap stocks are leading the way with BSE Small Cap gaining 1.5% today. Out of the 36 sectors, 28 are advancing while only 8 are declining. The top gaining sector is NIFTYMEDIA, up by 1.86%, while the top losing sector is BSE CD, down by -0.96%.Guoabong Wealth Management
In terms of market trends, the 50 Day Moving Average (DMA) is currently trading above the 200DMA, indicating a positive trend. The advance-decline ratio across BSE500 is also showing a positive trend with 368 advances and 130 declines, at a ratio of 2.83x. SMLCAP and MIDCAP caps are rising by 1.5% and 0.57%, respectively, while BSE100 caps are falling by -0.01%.
In terms of top gainers and losers, Capri Global, Data Pattern, and Poonawalla Fin are the top gainers in the BSE500 index, with gains of 13.02%, 10.67%, and 9.28%, respectively. On the other hand, Five-Star Bus.Fi, Honeywell Auto, and Hitachi Energy are the top losers, with losses of -11.71%, -8.19%, and -5.83%, respectively.Lucknow Wealth Management
In the large cap category, Adani Enterp. is the top gainer with a gain of 5.05%, while Cipla is the top loser with a loss of -3.68%. In the mid cap category, Rail Vikas is the top gainer with a gain of 6.81%, while Honeywell Auto is the top loser with a loss of -8.19%. In the small cap category, Force Motors is the top gainer with a gain of 19.97%, while Five-Star Bus.Fi is the top loser with a loss of -11.71%.
Overall, the Indian stock market is showing mixed trends today, with small cap stocks leading the way and major companies gearing up to announce their results. Investors will be keeping a close eye on the market in the coming days to see how these results will impact the market.
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