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Trendlyne Marketwatch
22 May 2020
LIVE: Markets close lower after RBI action, FM says clarity coming soon
Markets fell in today's trading over concerns on growth projections and COVID19 impact. Bank stocks also fell after RBI cut repo and reverse rates by 40 bps and extended the loan moratorium period. Nifty 50 closed at 9051.50 (-54.8, -0.6%) , BSE Sensex closed at 30672.59 (-260.3, -0.8%) while the broader Nifty 500 closed at 7423.90 (-46.7, -0.6%)

Market breadth is in the red. Of the 1604 stocks traded today, 592 were on the uptrend, and 921 went down.



Construction company PSP Projects is under scrutiny by the media over accusations of not paying overdue wages to migrant workers.


Hawkins Cookers is sharply lower today after double digit declines in revenues and net profits.


Godrej Industries, Supreme Industries announce results; share prices for both stocks are up, with share price of Supreme rising sharply on high volumes. 


Finance Minister Nirmala Sitharaman says that the government is set to give more clarity on rescue loans for businesses soon. 


Two steps announced by the RBI, the extension of moratorium by an additional three months on term loans, and conversion of interest into term loans is helpful for customers and industries, negative for banks since it increases the payback and recovery cycle. NiftyBank is lower and all bank stocks are down.


Goodyear India's Managing Director has resigned.


RBI's comments on the economy drove markets lower. The RBI governor says that the central bank expects GDP growth in FY21 to be negative.  


Markets are lower in trading after opening flat Nifty 50 was trading at 9103.10 (-3.2, -0.0%) , BSE Sensex was trading at 30939.73 (6.8, 0.0%) while the broader Nifty 500 was trading at 7478.35 (7.8, 0.1%).Market breadth is in the green. Of the 1413 stocks traded today, 778 were on the uptick, and 524 were down.




Riding High:

Largecap and midcap gainers today include Zee Entertainment Enterprises Ltd. (164.80, 7.05%), Supreme Industries Ltd. (973.00, 6.65%) and Quess Corp Ltd. (192.35, 4.99%).

Downers:

Largecap and midcap losers today include Mahindra & Mahindra Financial Services Ltd. (128.40, -5.80%), Shriram Transport Finance Company Ltd. (543.00, -5.57%) and Power Finance Corporation Ltd. (74.95, -5.25%).

Crowd Puller Stocks

27 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included TVS Srichakra Ltd. (1299.10, 20.00%), Supreme Industries Ltd. (973.00, 6.65%) and Vaibhav Global Ltd. (1063.00, 6.32%).

Top high volume losers on BSE were Hawkins Cookers Ltd. (4218.00, -7.18%), TCI Express Ltd. (541.00, -4.93%) and Bajaj Finserv Ltd. (4330.00, -4.61%).

Uflex Ltd. (182.30, 2.76%) was trading at 11.7 times of weekly average. Phillips Carbon Black Ltd. (74.55, 3.40%) and BASF India Ltd. (1046.00, 3.25%) were trading with volumes 9.0 and 7.0 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

6 stocks made 52 week highs, while 20 stocks hit their 52 week lows.

Stocks touching their year highs included - Aurobindo Pharma Ltd. (727.95, 0.50%), Cipla Ltd. (637.00, 3.31%) and Coromandel International Ltd. (644.10, 4.73%).

Stocks making new 52 weeks lows included - Bajaj Finance Ltd. (1899.70, -4.55%) and Bajaj Finserv Ltd. (4330.00, -4.61%).

8 stocks climbed above their 200 day SMA including NIIT Technologies Ltd. (1497.40, 3.82%) and BASF India Ltd. (1046.00, 3.25%). 5 stocks slipped below their 200 SMA including Advanced Enzyme Technologies Ltd. (152.95, -2.86%) and Pidilite Industries Ltd. (1394.00, -1.79%).
 
T
Trendlyne Marketwatch
22 May 2020

Gloom in markets in mid day trading. Nifty 50 was trading at 8992.05 (-114.2, -1.3%) , BSE Sensex was trading at 30548.14 (-384.8, -1.2%) while the broader Nifty 500 was trading at 7386.05 (-84.6, -1.1%)

Market breadth is in the red. Of the 1578 stocks traded today, 506 were gainers and 984 were losers.

Riding High:

Largecap and midcap gainers today include Quess Corp Ltd. (189.40, 3.38%), Jubilant Foodworks Ltd. (1616.20, 2.94%) and Bharat Petroleum Corporation Ltd. (322.30, 2.91%).

Downers:

Largecap and midcap losers today include Bajaj Finserv Ltd. (4157.95, -8.40%), Shriram Transport Finance Company Ltd. (531.50, -7.57%) and Mahindra & Mahindra Financial Services Ltd. (126.20, -7.41%).

Movers and Shakers

15 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included NIIT Technologies Ltd. (1543.30, 7.01%), Vaibhav Global Ltd. (1068.70, 6.89%) and Quess Corp Ltd. (189.40, 3.38%).

Top high volume losers on BSE were Hawkins Cookers Ltd. (4225.10, -7.03%) and Suzlon Energy Ltd. (2.70, -3.57%).

Uflex Ltd. (182.00, 2.59%) was trading at 8.7 times of weekly average. Phillips Carbon Black Ltd. (73.90, 2.50%) and Shilpa Medicare Ltd. (377.35, 1.70%) were trading with volumes 6.9 and 5.0 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

2 stocks overperformed with 52 week highs, while 19 stocks tanked below their 52 week lows.

Stocks touching their year highs included - WABCO India Ltd. (6910.20, 1.47%) and India Cements Ltd. (125.45, -0.91%).

Stocks making new 52 weeks lows included - Bajaj Finance Ltd. (1868.50, -6.11%) and Bajaj Finserv Ltd. (4157.95, -8.40%).

8 stocks climbed above their 200 day SMA including NIIT Technologies Ltd. (1543.30, 7.01%) and Thyrocare Technologies Ltd. (530.60, 1.69%). 5 stocks slipped below their 200 SMA including Info Edge (India) Ltd. (2382.20, -3.01%) and Advanced Enzyme Technologies Ltd. (153.50, -2.51%).

 
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The Baseline
19 May 2020
Top Gainers in the News: Bharti Airtel, Inox Leisure, ONGC, Shriram Transport Finance, Oil India

by Ritmbarah Arora

Bharti Airtel: The share price of Bharti Airtel rose 9.3% to Rs 588.2 while around 34.6 million shares in volume have been traded so far. The stock price is up 9.6% since the last week and 17% since the last month, per Trendlyne data.

Bharti Airtel has reported a consolidated loss of Rs 5,237 crore for Q4FY20 on account of provisions for paying statutory dues. The company however posted strong average revenue per users (ARPU) after the recent tariff hike and fall-off of low value subscribers from the platform, as well as good 4G subscriber additions. Motilal Oswal said, “Subscriber adds were flat quarter on quarter at 284 million, but 4G subs grew 10% quarter on quarter to 136 million with 12.5 million fresh adds, garnering healthy >40% estimate incremental market share." Bharti Airtel is listed in 48 screeners on Trendlyne.

INOX Leisure: The stock price of INOX Leisure skyrocketed 8.3% to Rs 178.9 as of now. Around 2.2 million shares in volume have been traded so far. The share price has fallen 12.1% since the last week and 24% since the last month. The jump is primarily owing to the Moderna vaccine news, in anticipation of cinema halls reopening in the near future.

The Delhi High Court has imposed a cost of Rs 5 lakh on INOX Leisure for indulging in ‘judicial adventurism’ by filing a lawsuit against PVR, seeking to restrain it from interfering in its existing and future land contracts. INOX Leisure is listed in 33 screeners on Trendlyne.  

Oil & Natural Gas Corporation: The share price of Oil & Natural Gas Corporation jumped 7.6% as of this writing. Around 24.1 million shares in volume have been traded so far. The stock price gained 1.8% since the last week and 2.8% since the last month. The company is listed in 34 screeners on Trendlyne.

Shriram Transport Finance Company: The shares of Shriram Transport Finance Company rallied 7.1% to Rs 617 while around 3.9 million shares in volume have been traded so far. The stock price is down 16.2% since the last week and 23.1% since the last month.

Shriram Transport Finance Company plans to fundraise Rs 3,000-4,000 crore via a qualified institutional placement (QIP) or preferential allotment to augment liquidity, per LiveMint. The company is listed in 32 screeners on Trendlyne.

Oil India: The stock price of Oil India surged 6.6% to Rs 84 and around 1.3 million shares in volume have been traded so far. The share price decreased 4.4% since the last week and 9.5% since the last month. Shares of the oil & gas companies were trading with gains today morning amid signs that producers are cutting output as demand picks up. Oil India is listed in 40 screeners on Trendlyne.