Large Cap Segment Leads Market with Positive Technical Calls and Impressive Returns

Jul 03 2024 01:02 PM IST

Today, the large cap segment is leading the market with several stocks experiencing a change in their technical call, signaling a shift in market sentiment. Rakuten Group, Inc., NIKKON Holdings Co., Ltd., Tosei REIT Investment Corp., Fujitsu Ltd., and AEON Co., Ltd. have all moved from mildly bullish to bullish, indicating a positive outlook. Kasumigaseki Capital Co., Ltd. has emerged as the top performer with a return of 22.71%, while IJTT Co., Ltd. has been the worst performer with a return of -100.00%. The advance decline ratio of 1.46x further highlights the strong bullish trend in the market.

The market is buzzing with activity today as the large cap segment takes the lead. In this index, several stocks have seen a change in their technical call, indicating a shift in market sentiment. Rakuten Group, Inc., NIKKON Holdings Co., Ltd., Tosei REIT Investment Corp., Fujitsu Ltd., and AEON Co., Ltd. have all moved from mildly bullish to bullish, signaling a positive outlook for these companies.

Among these, Kasumigaseki Capital Co., Ltd. has emerged as the best performer with a return of 22.71%. This is a significant feat in the current market scenario and showcases the strength of this large cap segment. On the other hand, IJTT Co., Ltd. has been the worst performer with a return of -100.00%, highlighting the volatility of the market.

The advance decline ratio for the stocks in this large cap segment is also noteworthy. With 1284 stocks advancing and only 877 declining, the ratio stands at 1.46x. This indicates a strong bullish trend in the market, with more stocks gaining ground than losing.

Investors are closely watching this large cap segment as it continues to outperform other segments in the market. With the positive technical calls and impressive returns, it is no surprise that this segment is driving the market today. As the market continues to evolve, it will be interesting to see how these stocks perform in the coming days.

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