Large Cap Segment Leads Market Growth with Strong Advance-Decline Ratio
The current market is a mix of bullish and sideways trends, with some stocks showing changes in technical calls. Zomato Ltd has shifted to mildly bullish, while HDFC Bank and Tech Mahindra have become bullish. UPL remains stable with a sideways to mildly bullish trend. The large cap segment has seen a 1.02% increase, making it the best performing segment with a 5.17% return for Info Edg.(India). However, Varun Beverages has been the worst performer with a -1.71% return. The large cap segment is dominated by advancing stocks, with a high 11.5x advance decline ratio. Investors should closely monitor these trends and make informed decisions based on individual stock performance.
The market is currently being driven by a mix of bullish and sideways trends, with some stocks showing a change in technical calls. Zomato Ltd has shifted from none to mildly bullish, while HDFC Bank and Tech Mahindra have both moved from mildly bullish to bullish. UPL, on the other hand, has remained relatively stable with a sideways to mildly bullish trend.In terms of market performance, the large cap segment (BSE 100) has seen a 1.02% increase, with a 0.34% increase in the last 5 days. This makes it the best performing segment, with Info Edg.(India) showing a return of 5.17%. However, Varun Beverages has been the worst performer in this segment, with a return of -1.71%.
Looking at the advance decline ratio, it is evident that the large cap segment is currently dominated by advancing stocks. Out of a total of 100 stocks, 92 are advancing while only 8 are declining, resulting in an impressive 11.5x ratio.
Investors should keep a close eye on these trends and make informed decisions based on the technical calls and market performance of individual stocks. With the large cap segment showing strong growth and a high advance decline ratio, it is a promising time for investors in this market.
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