Nifty 50 closed at 11333.50 (28.5, 0.3%) , BSE Sensex closed at 38214.47 (87.4, 0.2%) while the broader Nifty 500 closed at 9186.25 (24.9, 0.3%)
Market breadth is neutral. Of the 1655 stocks traded today, 749 were in the positive territory and 801 were negative.
- Fortis Healthcare fell in share price as approximately 4.91 crore shares (6.5 percent equity) changed hands in a large deal.
- Hindustan Unilever has continued to gain ahead of its September quarter results.
- About 10 lakh shares of Tata Motors changed hands in a block deal. Share price of the stock is sharply up.
- Promoters released all pledges of Birlasoft in the September quarter. The stock is among the top gainers in share price today.
- Avenue Supermarts (DMart) falls after revenue and profit numbers disappoint.
- Motilal Oswal Mutual Fund sold 1.84% of total traded shares in Manpasand Beverages, reported to the exchange in the previous week.
- State-owned IRCTC made its stock market debut - the stock is trading at Rs. 686 compared to its issue price of Rs. 320 per share.
- Markets are higher in early trading. Nifty 50 was trading at 11322.65 (17.6, 0.2%) , BSE Sensex was trading at 38198.57 (71.5, 0.2%) while the broader Nifty 500 was trading at 9166.90 (5.5, 0.1%)
Riding High:
Largecap and midcap gainers today include Adani Gas Ltd. (150.50, 9.34%), Motilal Oswal Financial Services Ltd. (632.30, 7.64%) and Adani Enterprises Ltd. (146.60, 7.05%).
Downers:
Largecap and midcap losers today include PNB Housing Finance Ltd. (466.45, -7.55%), Indiabulls Housing Finance Ltd. (198.00, -5.67%) and Indiabulls Ventures Ltd. (99.95, -3.89%).
Volume Shockers
20 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included India Tourism Development Corporation Ltd. (276.30, 15.01%), Fine Organic Industries Ltd. (1860.00, 9.77%) and Adani Gas Ltd. (150.50, 9.34%).
Top high volume losers on BSE were PNB Housing Finance Ltd. (466.45, -7.55%), Bajaj Consumer Care Ltd. (231.35, -4.87%) and Fortis Healthcare Ltd. (132.60, -3.91%).
Himatsingka Seide Ltd. (140.25, -0.95%) was trading at 12.1 times of weekly average. Ajanta Pharma Ltd. (960.95, -1.05%) and Varun Beverages Ltd. (620.05, -0.13%) were trading with volumes 10.3 and 8.7 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
10 stocks overperformed with 52 week highs, while 28 stocks were underachievers and hit their 52 week lows.
Stocks touching their year highs included - Berger Paints (India) Ltd. (475.65, -0.49%), Bharti Airtel Ltd. (391.70, 2.30%) and Indraprastha Gas Ltd. (376.00, 0.97%).
Stocks making new 52 weeks lows included - Allahabad Bank (25.70, -0.96%) and Bajaj Consumer Care Ltd. (231.35, -4.87%).
19 stocks climbed above their 200 day SMA including India Tourism Development Corporation Ltd. (276.30, 15.01%) and Adani Enterprises Ltd. (146.60, 7.05%). 6 stocks slipped below their 200 SMA including Fortis Healthcare Ltd. (132.60, -3.91%) and Greaves Cotton Ltd. (132.45, -2.11%).
