Nifty 50 closed at 11527.45 (-7.6, -0.1%) , BSE Sensex closed at 38990.94 (-95.1, -0.2%) while the broader Nifty 500 closed at 9534.65 (16.3, 0.2%)
Market breadth is in the green. Of the 1659 stocks traded today, 883 were in the positive territory and 713 were negative.
HDFC Securities gives a buy rating to JK Cement and a reduce rating to Jubilant Foodworks.
ICICI Bank, State Bank of India, Axis Bank and Kotak Mahindra Bank are falling as banking stocks turn red in a declining market.
Kajaria Ceramics receives a 'BUY' from Edelweiss owing to the tile manufacturer's "unwavering brand focus, new designs and robust distribution."
Asahi India Glass, Finolex Industries, Varroc Engineering and Advanced Enzyme Technologies are trading in the green with trading volume higher than their weekly average.
Tata Consumer Products, AstraZeneca Pharma, Adani Gas and Jubilant Foodworks are among the top stocks to hit fresh 52-week highs.
Spicejet, InterGlobe Aviation, Jet Airways are leading the charge for airline stocks as the government allows domestic flights to operate at 60% capacity.
Vodafone Idea is rising as reports emerge of American wireless carrier Verizon Communications and e-commerce major Amazon looking to invest $4 billion for a stake in the telecom company.
Dish TV is on the rise as the Zee Group and Videocon Group owned satellite service provider reports a net profit of Rs. 74.5 crore for Q1FY21, against a net loss or Rs. 35.4 crore for the same period last year.
Nifty 50 was trading at 11552.15 (17.2, 0.2%) , BSE Sensex was trading at 39138.68 (52.7, 0.1%) while the broader Nifty 500 was trading at 9545.85 (27.5, 0.3%)
Market breadth is overwhelmingly positive. Of the 1510 stocks traded today, 959 were on the uptick, and 459 were down.
Riding High:
Largecap and midcap gainers today include Vodafone Idea Ltd. (12.55, 26.77%), Aditya Birla Capital Ltd. (71.25, 12.29%) and Bharti Infratel Ltd. (218.50, 11.45%).
Downers:
Largecap and midcap losers today include Future Retail Ltd. (118.40, -10.00%), Aditya Birla Fashion and Retail Ltd. (139.30, -4.10%) and Godrej Industries Ltd. (450.70, -3.14%).
Crowd Puller Stocks
10 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Aditya Birla Capital Ltd. (71.25, 12.29%), United Breweries Ltd. (1155.25, 6.52%) and Jamna Auto Industries Ltd. (44.60, 6.44%).
Top high volume losers on BSE were Great Eastern Shipping Company Ltd. (238.15, -7.91%) and Mahindra Lifespace Developers Ltd. (233.35, -5.98%).
Gateway Distriparks Ltd. (100.00, 5.93%) was trading at 7.5 times of weekly average. MindTree Ltd. (1205.80, 0.98%) and Finolex Industries Ltd. (523.95, 3.72%) were trading with volumes 3.9 and 3.7 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
14 stocks overperformed with 52 week highs,
Stocks touching their year highs included - Astral Poly Technik Ltd. (1255.90, 7.73%), Divi's Laboratories Ltd. (3282.50, -1.45%) and Escorts Ltd. (1224.55, 0.08%).
30 stocks climbed above their 200 day SMA including Aditya Birla Capital Ltd. (71.25, 12.29%) and Bharti Infratel Ltd. (218.50, 11.45%). 10 stocks slipped below their 200 SMA including Great Eastern Shipping Company Ltd. (238.15, -7.91%) and Vardhman Textiles Ltd. (781.30, -4.88%).