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Markets closed on a low note, and the BSE Sensex ended the day at 31710.99 (-1.13%). The Sensex took its cue from weaker Asian markets, and legislative gridlock in the US Senate signalling the limitations of Trump's administration in passing new bills. 

Market breadth is holding steady. Of the 2761 stocks traded today, 977 showed gains, and 1637 showed losses.

Riding High:

Largecap and midcap gainers today include Jubilant Foodworks Limited (1324.00 3.88%), Bank of India (152.80 3.24%) and Bata India Limited (571.20 2.79%).

Downers:

Largecap and midcap losers today include ITC Limited (284.70 -12.60%), falling sharply after the news of the cess from the GST Council. Other losers included  TV18 Broadcast Limited (38.80 -6.17%) and Mahindra & Mahindra Financial Services Limited (349.40 -4.80%).

Volume Rockets

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

Top high volume gainers on BSE included HCL Infosystems Limited (56.30 19.91%), KRBL Limited (436.80 9.90%) and Future Consumer Limited (41.30 7.55%).

Top high volume losers on BSE were ITC Limited (284.70 -12.60%), VST Industries Limited (3282.00 -8.12%) and Godfrey Phillips India Limited (1157.00 -5.74%).

Mahindra & Mahindra Financial Services Limited (349.40 -4.80%) was trading at 15.6 times of weekly average. Techno Electric & Engineering Company Limited (385.00 1.92%) and The Great Eastern Shipping Company Limited (404.30 -0.68%) were trading with volumes 14.3 and 12.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

21 stocks hit their 52 week highs, while 1 stock tanked below their 52 week lows.

Stocks touching their year highs included - ACC Limited (1756.55 0.30%), Adani Ports and Special Economic Zone Limited (382.00 0.10%) and Aditya Birla Nuvo Limited (1887.30 -1.67%).

Stock making new 52 weeks lows included - YAMINI INVESTMENTS COMPANY LTD. (19.50 -1.76%).

6 stocks climbed above their 200 day SMA including HCL Infosystems Limited (56.30 19.91%) and Allahabad Bank (71.85 1.27%). 15 stocks slipped below their 200 SMA including TV18 Broadcast Limited (38.80 -6.17%) and Godfrey Phillips India Limited (1157.00 -5.74%).

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The Baseline
16 Jul 2017
Research reports for the week: July 10 - July 16

Stock research reports for the week of July 10-16 is live! Reports from HDFC Securities, ICICI Securities and Motilal Oswal are coming in as results season takes off in earnest. Stock pick of the week from analysts is midcap IT company Cyient Limited,

While the company saw muted growth for its 1QFy18 quarter, the management confirmed double digit guidance for its core businesses, saying that projected growth for FY18 looks bullish. The company's share price is trading below its 50 day average after its results.

DateStockTargetUpside
(%)
TypeCMPBrokerChange in
past 6M
2017-07-14Infosys Limited 1120.0015.22%Buy972.05HDFC Securities
2017-07-14Cyient Limited 570.0011.97%Buy509.05HDFC Securities and 1 other1x
2017-07-14Multi Commodity Exchange of .. 1322.0020.58%Buy1096.35HDFC Securities and 1 other
2017-07-14Tata Consultancy Services Li.. 2500.004.22%NEUT.2398.80HDFC Securities and 1 other
2017-07-14CCL Products (India) Limited --%Hold275.05Way2Wealth
2017-07-14Cummins India Limited --%Sell934.00CD Equisearch
1x
2017-07-14Rico Auto Industries Limited --%Not Rated79.00ICICI Securities Limited
2017-07-14Biocon Limited 375.00-6.06%Hold399.20ICICI Securities Limited
2017-07-13Emami Limited 1265.0017.02%Buy1081.00Motilal Oswal
2017-07-13Bajaj Corp Limited 472.0016.54%Buy405.00Reliance Securities
1x
2017-07-13SREI Infrastructure Finance .. --%-114.45IDBI Capital
2017-07-13Housing and Urban Developmen.. 112.0023.62%Buy90.60ICICI Securities Limited
2017-07-13Zydus Wellness Limited 1054.0019.10%Buy885.00ICICI Securities Limited
2017-07-13Birla Corporation Limited 1100.0018.73%Buy926.45ICICI Securities Limited
2017-07-12APL Apollo Tubes Limited 2352.0048.18%Buy1587.30Religare
2017-07-12IndusInd Bank Limited 1663.005.39%Buy1577.95HDFC Securities and 1 other
1x
2017-07-12NTPC Limited 250.0049.66%Buy167.05Motilal Oswal 1x
2x
2017-07-12Ashok Leyland Limited 122.0015.69%NEUT.105.45Motilal Oswal
1x
2017-07-12Salasar Techno Engineering L.. --%IPO Subscribe-Way2Wealth
2017-07-12Tata Global Beverages Limited 195.0012.04%Hold174.05ICICI Securities Limited
2017-07-11Sonata Software Limited 200.0024.22%Buy161.00Prabhudas Lilladhar
2017-07-11MORGANITE CRUCIBLE (INDIA) L.. 1370.0016.89%Buy1172.05ICICI Securities Limited
2017-07-11Shankara Building Products Ltd 1250.0026.94%Buy984.75ICICI Securities Limited
2017-07-10Divi's Laboratories Limited 600.00-18.33%NEUT.734.70Motilal Oswal and 1 other
2017-07-10Dhanuka Agritech Limited 898.0012.36%Buy799.25Axis Direct
1x
2017-07-10KEC International Limited 330.0012.30%Buy293.85ICICI Securities Limited
2x
2017-07-10Godrej Industries Limited 780.0017.97%Buy661.20ICICI Securities Limited
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The Baseline
15 Jul 2017
Saturday Roundup: Mobius says 'invest in India', Suzlon Energy to exit Brazil market

The Wholesale Price Index (WPI)-based inflation fell to 0.9% in the month from 2.17% in May, according to data released on Friday. The data adds to the likelihood that the RBI may announce an interest rate cut in its meet in August. The WPI is now at its slowest pace in 11 months in June. Link

Emerging markets investor Mark Mobius says that Indian markets are a good target for global investors, with the GST set to benefit firms, and falling inflation setting the scene for interest rate easing by RBI. Indian markets have a valuation, he wrote, at the highest in the last seven years. Link

Suzlon Energy says that it has exited its Brazil business. The subsidiary was established in 2006 to manage business operations in the country. Based on the company's recent management statements, the focus has moved to the US in the Americas, and the firm's current international bid book stands at around 1GW. Suzlon is hoping for new wins of around 300 MW in FY19. Link

Photo of the day: A contestant competes in the Aquatic Championships. Stefan Wermuth/Reuters

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The Baseline
14 Jul 2017
Addition of bulk/block deals to Superstar Portfolios

A feature addition newly introduced to the platform is bulk/block deals made by large shareholders such as Rakesh Jhunjhunwala, Hitesh Ramji Javeri, and others.

To view the bulk/block deals, search for a specific name in the superstar portfolio section. Rakesh Jhunjhunwala's portfolio page for example, includes latest bulk/block transactions made by him. His most recent deals for example, included sales of Tata Motors (DVR) and Intellect Design Arena.