Vaibhav Global, JB Chemical & Pharma hit fresh year highs.
Markets rose in today's trading. Nifty 50 closed at 11322.50 (52.4, 0.5%) , BSE Sensex closed at 38407.01 (224.9, 0.6%) while the broader Nifty 500 closed at 9291.00 (22.5, 0.2%)
Market breadth is in the green. Of the 1681 stocks traded today, 928 were gainers and 692 were losers.
IPCA Labs, which posted a strong June quarter, noted that hydrochloroquine and chloroquine business related to COVID contributed Rs. 259 crore. The management noted that this was more likely to be one-time business.
Markets are up in early trading. Nifty 50 was trading at 11367.35 (97.2, 0.9%) , BSE Sensex was trading at 38500.08 (318, 0.8%) while the broader Nifty 500 was trading at 9342.90 (74.4, 0.8%). Market breadth is highly positive. Of the 1531 stocks traded today, 1135 were on the uptrend, and 319 went down.
Mortgage lender Housing Development Finance Corporation (HDFC) has closed its QIP for raising Rs 14,000 crore.
Goldman Sachs Singapore has sold TVS Motor shares in a bulk deal on the BSE, disposing of over 3.5 million shares. GS Singapore had recently sold Bandhan Bank and Tech Mahindra shares as well.
Riding High:
Largecap and midcap gainers today include Emami Ltd. (333.50, 8.60%), IDFC First Bank Ltd. (30.30, 6.69%) and Zee Entertainment Enterprises Ltd. (159.75, 5.65%).
Downers:
Largecap and midcap losers today include Alkem Laboratories Ltd. (2783.15, -6.54%), Torrent Pharmaceuticals Ltd. (2870.40, -4.66%) and Trent Ltd. (555.55, -4.60%).
Movers and Shakers
44 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Nesco Ltd. (503.55, 11.94%), Garware Technical Fibres Ltd. (1907.40, 10.76%) and GE T&D; India Ltd. (98.25, 9.96%).
Top high volume losers on BSE were CARE Ratings Ltd. (411.20, -6.36%), Sheela Foam Ltd. (1350.35, -2.21%) and Symphony Ltd. (840.40, -0.85%).
La Opala RG Ltd. (205.10, 6.57%) was trading at 64.7 times of weekly average. Indian Hotels Company Ltd. (83.55, 3.21%) and CCL Products India Ltd. (260.90, 3.66%) were trading with volumes 9.3 and 8.7 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
26 stocks hit their 52 week highs,
Stocks touching their year highs included - Ambuja Cements Ltd. (222.75, 0.41%), CCL Products India Ltd. (260.90, 3.66%) and Hexaware Technologies Ltd. (404.70, 0.92%).
25 stocks climbed above their 200 day SMA including TV Today Network Ltd. (223.85, 6.19%) and eClerx Services Ltd. (512.00, 4.51%). 7 stocks slipped below their 200 SMA including Can Fin Homes Ltd. (373.55, -4.09%) and Titan Company Ltd. (1066.25, -3.73%).
