
Nifty 50 closed at 11119.55 (-55.2, -0.5%) , BSE Sensex closed at 37531.98 (-141.3, -0.4%) while the broader Nifty 500 closed at 9034.95 (-56.7, -0.6%)
Market breadth is highly negative. Of the 1668 stocks traded today, 518 were on the uptrend, and 1052 went down.
- Auto stocks struggle, and shares of Ashok Leyland fell sharply today after the company announced that it will be suspending manufacturing operations at its various plants for up to 15 days this month.
- Nifty Metal fell sharply in the afternoon, driving markets lower.
- Zee Entertainment has been weighed down by the fact that high % of promoter stake has been pledged towards its debts. But the stock is among the top gainers today after management said that it plans to pay off debts in the next three months.
- Whirlpool and Dixon Tech hit fresh 52 week highs. Whirlpool is at its lifetime high.
- TCS, Infosys will announce their earnings this week, with TCS results due on Thursday. This is likely to drive market sentiment in the coming days.
- NIIT is up today on the notification of buyback. The company’s board has fixed Oct. 18 as the record date for determining the shareholders eligible to participate in the buyback of 2.68 crore of its equity shares.
- Venkey's India, Sudarshan Chemicals, Britannia are seeing positive breakouts today
- Markets are up in morning trade. Nifty 50 was trading at 11144.00 (-30.8, -0.3%) , BSE Sensex was trading at 37653.46 (-19.9, -0.1%) while the broader Nifty 500 was trading at 9054.15 (-37.5, -0.4%). Market breadth is in the red. Of the 1359 stocks traded today, 448 showed gains, and 831 showed losses.
Riding High:
Largecap and midcap gainers today include YES Bank Ltd. (45.35, 7.59%), Zee Entertainment Enterprises Ltd. (250.20, 5.64%) and Shriram Transport Finance Company Ltd. (1065.00, 4.45%).
Downers:
Largecap and midcap losers today include Aurobindo Pharma Ltd. (451.00, -20.53%), Indiabulls Ventures Ltd. (100.10, -9.98%) and Glenmark Pharmaceuticals Ltd. (285.30, -9.56%).
Crowd Puller Stocks
13 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Venky's (India) Ltd. (1596.00, 6.83%), Inox Wind Ltd. (32.65, 3.82%) and National Aluminium Company Ltd. (44.60, 3.12%).
Top high volume losers on BSE were Aurobindo Pharma Ltd. (451.00, -20.53%), Glenmark Pharmaceuticals Ltd. (285.30, -9.56%) and Indiabulls Integrated Services Ltd. (105.50, -5.00%).
Can Fin Homes Ltd. (382.20, -2.74%) was trading at 7.7 times of weekly average. Heritage Foods Ltd. (361.40, 0.43%) and Prestige Estates Projects Ltd. (270.00, -0.50%) were trading with volumes 4.7 and 4.5 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
2 stocks made 52 week highs, while 37 stocks were underachievers and hit their 52 week lows.
Stocks touching their year highs included - Whirlpool of India Ltd. (1996.00, 3.48%) and Adani Green Energy Ltd. (68.00, 4.37%).
Stocks making new 52 weeks lows included - Aegis Logistics Ltd. (162.50, -6.53%) and Allahabad Bank (26.60, -2.21%).
11 stocks climbed above their 200 day SMA including Britannia Industries Ltd. (2955.00, 3.86%) and Mahanagar Gas Ltd. (891.60, 1.55%). 19 stocks slipped below their 200 SMA including Caplin Point Laboratories Ltd. (392.00, -4.37%) and Allcargo Logistics Ltd. (100.70, -4.28%).