Markets fell in today's trading. Nifty 50 closed at 11956.50 (-79.3, -0.7%) , BSE Sensex closed at 40703.84 (-210.0, -0.5%) while the broader Nifty 500 closed at 9857.05 (-62.2, -0.6%)
Market breadth is in the red. Of the 1634 stocks traded today, 562 were in the positive territory and 978 were negative.
- DivisLab Unit-II at Village Chippada was inspected by the US FDA and concluded with no 483 observations.
- Shriram City Union is up on results, while JK Tyre is down on negative revenue and sharply lower profit growth YoY.
- Domestic slowdown keeps growth in Tata Motors muted. Morgan Stanley has maintained equal-weight rating on the auto stock with a price target of Rs 155 .
- Markets are higher in morning trade. Nifty 50 was trading at 12081.20 (45.4, 0.4%) , BSE Sensex was trading at 41088.28 (174.5, 0.4%) while the broader Nifty 500 was trading at 9954.50 (35.3, 0.4%). Market breadth is in the green. Of the 1377 stocks traded today, 834 showed gains, and 460 showed losses.
Riding High:
Largecap and midcap gainers today include Crompton Greaves Consumer Electricals Ltd. (284.90, 6.68%), Alkem Laboratories Ltd. (2395.85, 4.36%) and Avenue Supermarts Ltd. (2134.65, 4.06%).
Downers:
Largecap and midcap losers today include Bharat Electronics Ltd. (90.30, -10.37%), Marico Ltd. (316.10, -6.40%) and Oil India Ltd. (130.70, -5.36%).
Movers and Shakers
32 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Crompton Greaves Consumer Electricals Ltd. (284.90, 6.68%), Brigade Enterprises Ltd. (238.20, 4.40%) and Nesco Ltd. (753.40, 4.29%).
Top high volume losers on BSE were NOCIL Ltd. (95.55, -13.10%), Bharat Electronics Ltd. (90.30, -10.37%) and Security and Intelligence Services (India) Ltd. (500.10, -7.11%).
Star Cement Ltd. (83.85, -3.45%) was trading at 27.2 times of weekly average. 3M India Ltd. (22800.35, 3.02%) and Laurus Labs Ltd. (430.40, -1.21%) were trading with volumes 17.3 and 8.5 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
19 stocks made 52 week highs, while 12 stocks were underachievers and hit their 52 week lows.
Stocks touching their year highs included - Coromandel International Ltd. (632.05, 1.81%), Info Edge (India) Ltd. (2836.30, 0.42%) and Ipca Laboratories Ltd. (1246.55, -2.19%).
Stocks making new 52 weeks lows included - Dewan Housing Finance Corporation Ltd. (12.95, -4.78%) and Jain Irrigation Systems Ltd. (7.15, -4.03%).
12 stocks climbed above their 200 day SMA including Mahindra Logistics Ltd. (427.95, 2.66%) and Indostar Capital Finance Ltd. (279.00, 2.55%). 29 stocks slipped below their 200 SMA including Meghmani Organics Ltd. (55.00, -5.25%) and JK Tyre & Industries Ltd. (74.55, -4.55%).
