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Trendlyne Marketwatch
22 Sep 2017, 01:30PM

Market sinks by 0.93% in afternoon trading.

Market breadth is in the red. Of the 2518 stocks traded today, 543 were gainers and 1842 were losers.

Riding High:

Largecap and midcap gainers today include UCO Bank (31.75 3.59%), Rajesh Exports Limited (754.55 2.35%) and HCL Technologies Limited (887.00 1.94%).

Downers:

Largecap and midcap losers today include Jindal Steel & Power Limited (143.40 -5.50%), Reliance Capital Limited (678.40 -5.48%) and National Aluminium Company Ltd. (NALCO) (77.95 -5.00%).

Movers and Shakers

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

Top high volume gainers on BSE included Mahanagar Telephone Nigam Limited (21.55 6.95%), UCO Bank (31.75 3.59%) and Dena Bank (31.90 2.90%).

Top high volume losers on BSE were Triveni Turbine Limited (134.50 -4.64%), Blue Star Limited (749.40 -4.33%) and Bajaj Finance Limited (1863.30 -2.78%).

The Indian Hotels Company Limited (112.90 -1.27%) was trading at 30.7 times of weekly average. Amara Raja Batteries Limited (771.00 -0.34%) and Ramkrishna Forgings Limited (546.60 2.17%) were trading with volumes 14.8 and 13.0 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

4 stocks took off, crossing 52 week highs, while 5 stocks tanked below their 52 week lows.

Stocks touching their year highs included - Bombay Dyeing & Mfg Company Limited (213.15 0.14%), Hatsun Agro Product Limited (682.25 4.00%) and Jindal Saw Limited (119.40 -0.21%).

Stocks making new 52 weeks lows included - 8K Miles Software Services Limited (383.65 -1.15%) and Apollo Hospitals Enterprise Limited (1042.40 -1.85%).

2 stocks climbed above their 200 day SMA including Mahanagar Telephone Nigam Limited (21.55 6.95%) and Eros International Media Limited (215.40 4.16%). 10 stocks slipped below their 200 SMA including Schneider Electric Infrastructure Limited (135.80 -3.79%) and Steel Authority of India Limited (58.80 -3.69%).

 
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The Baseline
21 Sep 2017
Latest movement in the Golden Cross, Death Cross screeners

The Golden Cross and Death Cross screeners saw some interesting additions in the past few days. A couple of stocks saw a Golden Cross (where the short term price average moves above the long term average, indicating momentum), including cement company Gujarat Sidhee.

On September 20, nine companies saw the Death Cross (which happens when the short term price average falls below the long-term), including Simplex Realty and Alembic Limited. Alembic however, saw its share price recover somewhat on high volumes today. 

 
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The Baseline
20 Sep 2017
Maximum recovery from year lows: TV Today, Lakshmi Machine Works, Divi's Labs

The maximum recovery screener identifies those stocks that have seen recent, rapid recovery from their year lows (Click on the last column, and you can also see maximum recoveries over the last year).

Among these stocks is recent overperformer Divi's Labs.  The stock is rising after previous observations imposed by the FDA on unit 2 of its Vizag plant were "completed and resolved" by the Authority. This could potentially lead to a lifting of the import alert from its Vizag facility. The import alert had been imposed on the Divis Lab facility in March, and the FDA had issued another warning letter in May. This had limited Divi's exports to the US, and the FDA had also mandated random testing of all products imported from the plant. 

Other stocks that have seen recent sharp recoveries include TV Today Network and Lakshmi Machine Works. Lakshmi Machine Works has been previously written about, as a key stock in superstar shareholder Nemish Shah's portfolio. For the full screener click here.