Nifty 50 closed at 11355.05 (21.2, 0.2%) , BSE Sensex closed at 38417.23 (60.1, 0.2%) while the broader Nifty 500 closed at 9379.10 (1.2, 0.0%)
Market breadth is in the red. Of the 1676 stocks traded today, 632 were on the uptick, and 979 were down.
Tata Consulting Services is rising as the IT services giant partners with South Africa's Transnet Port Terminals to build an online logistics marketplace.
InterGlobe Aviation, TAAL Enterprises, Spicejet and Jet Airways trade in the red as airline stocks fall.
Kaveri Seed Company is falling as over 12 lakh shares of the agricultural company was disposed of by Mohnish Pabrai's investment fund.
Man Industries is rising as the steel pipe manufacturer bags orders worth Rs. 370 crore from IOC, BPCL, and HPCL.
TV Today Network, Lakshmi Machine Works, NLC India and KPR Mill are in the green with trading volume higher than their weekly average.
Jubilant Life Sciences is falling as the pharmaceutical company reports a 52.4% drop in consolidated net profits for Q1FY21.
Edelweiss is a 'BUY' on Hertitage Foods citing the dairy company's strong return ratios in its B2C division.
National Aluminium Company is falling as the state-owned mining company reports a 82.9% decline in consolidated net profits for Q1FY21.
WABCO India, Granules India, Tube Investments of India and Supreme Industries are among the top stocks to hit fresh 52-week highs today.
ICICI Prudential Life Insurance disposes 52.5 lakh shares in Ahmedabad-based construction company Sadbhav Engineering.
Vodafone Idea is rising as Vodafone Group maintains it will not invest fresh equity in the telecom company.
Tata Motors DVR is rising as Tata Sons buys 53 lakh ordinary shares at an average price of Rs. 56 per share, valuing the bulk deal over Rs. 30 crore.
Markets fell in early trading. Nifty 50 was trading at 11310.35 (-23.5, -0.2%) , BSE Sensex was trading at 38357.18 (-633.8, -1.6%) while the broader Nifty 500 was trading at 9354.20 (-23.8, -0.3%)
Market breadth is holding steady. Of the 1543 stocks traded today, 715 were gainers and 730 were losers.
Riding High:
Largecap and midcap gainers today include Tata Motors Limited (DVR) (61.85, 10.25%), Bharti Infratel Ltd. (231.00, 7.52%) and Pfizer Ltd. (5035.45, 5.47%).
Downers:
Largecap and midcap losers today include Jubilant Life Sciences Ltd. (779.00, -6.12%), Future Retail Ltd. (106.90, -4.98%) and Tata Consumer Products Ltd. (545.30, -4.17%).
Crowd Puller Stocks
16 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included AstraZeneca Pharma India Ltd. (4552.80, 17.67%), Blue Dart Express Ltd. (2638.40, 15.26%) and Tata Motors Limited (DVR) (61.85, 10.25%).
Top high volume loser on BSE was ABB India Ltd. (925.05, -2.38%).
WABCO India Ltd. (7268.25, 5.35%) was trading at 14.4 times of weekly average. TV Today Network Ltd. (244.15, 4.76%) and Indian Railway Catering & Tourism Corporation Ltd. (1414.85, 3.64%) were trading with volumes 8.9 and 8.1 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
8 stocks overperformed with 52 week highs,
Stocks touching their year highs included - Granules India Ltd. (375.90, 8.44%), Supreme Industries Ltd. (1421.60, 2.89%) and Timken India Ltd. (1185.15, 1.60%).
10 stocks climbed above their 200 day SMA including Blue Dart Express Ltd. (2638.40, 15.26%) and Brigade Enterprises Ltd. (175.00, 6.61%). 26 stocks slipped below their 200 SMA including Manappuram Finance Ltd. (145.60, -4.27%) and Gateway Distriparks Ltd. (92.95, -3.58%).
