Markets closed lower today. Nifty 50 closed at 12086.40 (-51.6, -0.4%) , BSE Sensex closed at 41141.85 (-164.2, -0.4%) while the broader Nifty 500 closed at 9991.95 (-12.3, -0.1%). Market breadth is horizontal. Of the 1634 stocks traded today, 751 were in the positive territory and 793 were negative.
- Ashish Kacholia's Lucky Investments met with CCL Products earlier this week. The earnings transcript of CCL Products is here. Search inside filings for similar results with Discover.
- Analysts are bullish on Shriram Transport Finance. However it is worth keeping in mind that a merger is impending, which makes future performance harder to predict.
- YES Bank is rising today ahead of the company's EGM on its fundraising plans.
- Motilal Oswal is a BUY on Airtel, noting that rising ARPU has improved EBITDA, which grew 5% QoQ and hiked margins, which rose 30 bps.
- United Breweries is down today after a weaker than expected result performance. Net profit fell 2.6% YoY while revenue growth was flat. See the full results dashboard.
- Yash Pakka CFO has resigned. To search within filings, try Discover.
- Markets are volatile in morning trade. Nifty 50 was trading at 12117.20 (-20.8, -0.2%) , BSE Sensex was trading at 41265.02 (-41.0, -0.1%) while the broader Nifty 500 was trading at 9996.35 (-7.9, -0.1%). Market breadth is in the green. Of the 1425 stocks traded today, 734 showed gains, and 589 showed losses.
Riding High:
Largecap and midcap gainers today include Trent Ltd. (662.55, 11.71%), Natco Pharma Ltd. (700.85, 8.84%) and Varun Beverages Ltd. (843.25, 8.63%).
Downers:
Largecap and midcap losers today include DLF Ltd. (235.80, -4.26%), Motherson Sumi Systems Ltd. (132.30, -3.32%) and Eicher Motors Ltd. (19736.30, -3.21%).
Volume Rockets
40 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Schneider Electric Infrastructure Ltd. (107.60, 13.80%), Welspun Corp Ltd. (224.45, 13.16%) and Trent Ltd. (662.55, 11.71%).
Top high volume losers on BSE were SKF India Ltd. (2052.15, -5.90%), Aavas Financiers Ltd. (1843.70, -5.65%) and Gujarat Alkalies & Chemicals Ltd. (358.60, -5.56%).
Welspun India Ltd. (44.90, 4.18%) was trading at 68.0 times of weekly average. Symphony Ltd. (1360.80, 9.47%) and Corporation Bank (25.55, 9.89%) were trading with volumes 36.7 and 21.1 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
41 stocks made 52 week highs, while 5 stocks tanked below their 52 week lows.
Stocks touching their year highs included - Abbott India Ltd. (14103.15, 7.63%), AIA Engineering Ltd. (1922.80, 5.79%) and Ajanta Pharma Ltd. (1369.45, 5.03%).
Stocks making new 52 weeks lows included - Allahabad Bank (16.40, 1.55%) and Welspun India Ltd. (44.90, 4.18%).
20 stocks climbed above their 200 day SMA including Schneider Electric Infrastructure Ltd. (107.60, 13.80%) and Shankara Building Products Ltd. (451.40, 9.99%). 15 stocks slipped below their 200 SMA including CARE Ratings Ltd. (670.60, -2.39%) and Mahindra & Mahindra Ltd. (569.10, -1.90%).
