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Market breadth is holding steady, although the Sensex is down overall, with investors running for cover as North Korea and the US continue to rattle their sabers and exchange threats. Of the 2451 stocks traded today, 1261 were gainers and 1055 were losers.

Riding High:

Largecap and midcap gainers today include Tata Global Beverages Limited (206.05 4.83%), Just Dial Limited (401.15 4.26%) and Engineers India Limited (EIL) (161.00 2.91%).

Downers:

Largecap and midcap losers today include Punjab National Bank (139.40 -3.19%), Sun Pharmaceuticals Industries Limited (478.45 -3.03%) and Divi's Laboratories Limited (702.45 -2.93%).

Movers and Shakers

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

Top high volume gainers on BSE included Prism Cement Limited (117.25 7.08%), Mahanagar Telephone Nigam Limited (20.20 5.76%) and IFB Industries Limited (732.50 4.64%).

Top high volume losers on BSE were Vijaya Bank (62.95 -5.34%), GlaxoSmithKline Consumer Healthcare Limited (5190.00 -2.00%) and Gateway Distriparks Limited (218.25 -1.07%).

SKF India Limited (1572.00 3.08%) was trading at 292.0 times of weekly average. Thermax Limited (887.95 0.61%) and WABCO India Limited (5500.00 0.36%) were trading with volumes 53.7 and 9.3 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

20 stocks took off, crossing 52 week highs, while 3 stocks hit their 52 week lows.

Stocks touching their year highs included - Ambuja Cements Limited (285.40 1.26%), Bajaj Finance Limited (1844.95 2.90%) and Bharat Electronics Limited (194.00 1.02%).

Stocks making new 52 weeks lows included - Religare Enterprises Limited (42.70 1.07%) and Sanofi India Limited (3962.00 -0.92%).

8 stocks climbed above their 200 day SMA including Firstsource Solutions Limited (38.95 3.45%) and TV Today Network Limited (267.25 1.89%). 9 stocks slipped below their 200 SMA including Vijaya Bank (62.95 -5.34%) and Swan Energy Limited (144.20 -3.29%).

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The Baseline
05 Sep 2017

On the Relative Strength Index (RSI) screener, 34 largecap stocks are trending towards higher RSI as of 4:00 pm today, with NMDC having crossed the 70 threshold indicating that the stock may be overbought (an RSI value >70, an overbought stock, suggests that the share price of the company may start losing momentum soon). NMDC has been gaining on news of increasing iron ore prices, which is good news for the company's margins. 

Companies in the metal sector, including Vedanta and Tata Steel, figure in the overbought screener as they near the 70 mark. Vedanta hit a new year high in share price after the metals and mining conglomerate said that it plans to invest around Rs 50,000 crore on business expansion in India in the coming years.

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The Baseline
04 Sep 2017
Stock reports for the week: August 28 - September 3

Stock reports for this week are live, from Axis Direct, Nirmal Bang, Motilal Oswal and more. Stock pick of the week from analysts is Bombay Stock Exchange (BSE) which analysts say is trading at a discount to MCX and merits a BUY call. 

DateStockTargetUpside
(%)
TypeCMPBrokerChange in
past 6M
2017-09-01Phillips Carbon Black Limited 911.0029.50%Buy703.50IDBI Capital
2017-09-01Trident Limited 124.0028.30%Buy96.65Axis Direct
2017-09-01KEI Industries Limited --%Not Rated263.95Nirmal Bang Institutional
2017-09-01Shriram City Union Finance L.. --%Not Rated2050.00Nirmal Bang Institutional
1x
2017-09-01Gateway Distriparks Limited 260.0016.99%Buy222.25Karvy and 1 other
2017-09-01Larsen & Toubro(L&T) Limited --%Buy1139.70Prabhudas Lilladhar and 1 other
2017-08-31JBM Auto Limited --%Not Rated405.30HDFC Securities
2017-08-31Swaraj Engines Limited 2201.004.36%Buy2109.00Religare 1x
2017-08-31Mold-Tek Packaging Limited 340.009.54%Buy310.40Religare
2017-08-31Jamna Auto Industries Limited 279.008.24%Buy257.75Religare
2017-08-31La Opala RG Limited --%-490.30Nirmal Bang Institutional
2017-08-31V.S.T Tillers Tractors Limited 2341.007.14%Buy2184.90Nirmal Bang Institutional
1x
2017-08-31Britannia Industries Limited 4599.008.85%Hold4225.15Karvy
2017-08-30Delta Corp Limited 243.0023.29%Buy197.10Motilal Oswal
2017-08-30CMI LTD. --%Buy206.00Choice India
2017-08-30Bajaj Corp Limited 463.0016.73%Buy396.65CD Equisearch 1x
2017-08-30Bajaj Electricals Limited 400.0016.79%Buy342.50Nirmal Bang Institutional 2x
2017-08-30Kaya Limited --%Not Rated900.00Nirmal Bang Institutional
2017-08-30Ujjivan Financial Services L.. 395.009.00%Buy362.40Nirmal Bang Institutional 1x
2017-08-30Welspun India Limited --%Not Rated77.25Nirmal Bang Institutional
2017-08-29DLF Limited 202.005.21%NEUT.192.00HDFC Securities
1x
2017-08-29Bombay Stock Exchange Limited 1200.0023.33%Buy973.00HDFC Securities
2017-08-29Bata India Limited 610.00-11.30%ACC.687.70Nirmal Bang Institutional 1x
1x
2017-08-29DCB BANK LIMITED --%Not Rated186.00Nirmal Bang Institutional
2017-08-29Nestle India Limited --%Not Rated7001.00Nirmal Bang Institutional and 1 other2x
1x
2017-08-29NTPC Limited --%Mgmt Note168.15Angel Broking 1x
1x
2017-08-29IPCA Laboratories Limited 375.00-10.07%Hold417.00Axis Direct and 1 other1x
1x
2017-08-29Jyothy Laboratories Limited 360.00-7.69%Hold390.00Axis Direct 2x
2017-08-29MindTree Limited 463.00-0.44%Sell460.95Axis Direct and 1 other
3x
2017-08-29Thomas Cook (India) Limited 290.0023.33%Buy235.15Axis Direct
2017-08-29Cochin Shipyard Ltd 710.0033.84%Buy530.50Joindre Capital Services
2017-08-28Infosys Limited 1050.0014.12%Buy920.10Motilal Oswal and 1 other
5x
2017-08-28Navneet Education Limited 215.0031.66%Buy163.30Motilal Oswal
2017-08-28Castrol India Limited 474.0021.60%Buy389.80IDBI Capital
2017-08-28Indo Count Industries Limited 121.004.09%Buy116.25Axis Direct
1x
2017-08-28Glenmark Pharmaceuticals Lim.. --%Not Rated610.15Nirmal Bang Institutional and 1 other2x
2x
2017-08-28Sanofi India Limited --%NEUT.4063.75Angel Broking

Photo: Appaiah