Markets rose in today's trading, up by 0.75% and closing at record highs, buoyed up by this quarter of strong earnings. Market breadth is horizontal. Of the 1299 stocks traded today, 665 were gainers and 514 were losers. Avenue Supermarts (Dmart) continues to defy analyst predictions and hit new highs. GMR Infra rose on 13.3 lakh shares changing hands in a block deal. Reliance Communications saw 18 lakh shares and 10 lakh shares change hands in two block deals.
22 stocks in BSE 500 are trading on high volumes today.
Heritage Foods Ltd. (598.00 1.36%) was trading at 12.7 times of weekly average. Tata Investment Corporation Ltd. (814.95 2.64%) and Indian Hotels Company Ltd. (127.80 2.86%) were trading with volumes 11.7 and 7.5 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
15 stocks climbed above their 200 day SMA including GMR Infrastructure Ltd. (19.20 9.40%) and Edelweiss Financial Services Ltd. (297.20 8.09%). 2 stocks slipped below their 200 SMA including Repco Home Finance Ltd. (592.00 -2.79%) and Gujarat Fluorochemicals Ltd. (835.35 2.20%).
Photo by Pablo Gastesi