Market breadth moved in favour of buyers in the afternoon, although indices are still lower. About 890 stocks advanced and 859 shares declined on the National Stock Exchange.
- CFO of Carborundum Universal resigns. His official leaving date the company said, would be after the October meeting considering unaudited financial results.
- Real estate company Phoenix Mills hits a fresh 52 week high today.
- Markets continue to fall through the day. The S&P BSE Sensex is down 0.86 percent to 37,062 as of 1 p.m. and the NSE Nifty 50 is down 0.87 percent to trade below 11,000. The broader markets represented by the NSE Nifty 500 is lower by 0.75 percent.
- Fortis Healthcarecredit rating upgraded by ICRA.
- Brent crude oil price is up over 9% to $65.6 per barrel following the drone attacks on Saudi oil facilities. Analysts believe the spike in oil prices will not last, as the Saudis say that the damage has been contained.
- Graphite electrode companies Graphite India and HEG are rising sharply today, and are among the top gainers in their sector.
- J Kumar Infraprojects announces an order win of Rs. 342.13 crore from MMRDA.
- Wockhardt, Suven Life Sciences are among the top gainers today.
- Markets opened on a low note. Nifty 50 was trading at 11010.05 (-65.9, -0.6%) , BSE Sensex was trading at 37123.39 (-261.6, -0.7%) while the broader Nifty 500 was trading at 9006.55 (-44.3, -0.5%)
Market breadth is in the red. Of the 1372 stocks traded today, 503 were in the positive territory and 775 were negative.
Riding High:
Largecap and midcap gainers today include Astral Poly Technik Ltd. (1197.85, 11.18%), HEG Ltd. (1225.00, 3.66%) and Bharat Electronics Ltd. (112.20, 3.27%).
Downers:
Largecap and midcap losers today include 3M India Ltd. (19320.00, -5.07%), Hindustan Petroleum Corporation Ltd. (257.75, -4.94%) and Bharat Petroleum Corporation Ltd. (389.45, -4.68%).
BSE 500: highs, lows and moving averages
2 stocks took off, crossing 52 week highs, while 3 stocks tanked below their 52 week lows.
Stocks touching their year highs included - Astral Poly Technik Ltd. (1197.85, 11.18%) and Galaxy Surfactants Ltd. (1357.00, 0.32%).
Stocks making new 52 weeks lows included - 3M India Ltd. (19320.00, -5.07%) and Eveready Industries India Ltd. (57.50, -4.96%).
9 stocks climbed above their 200 day SMA including India Tourism Development Corporation Ltd. (287.65, 7.71%) and Orient Cement Ltd. (97.30, 2.47%). 5 stocks slipped below their 200 SMA including Hindustan Petroleum Corporation Ltd. (257.75, -4.94%) and Welspun Corp Ltd. (128.30, -1.84%).
