Moody's dominated the market mood today, with the Sensex closing up afte gathering a 0.71% gain. Moody's upgrade of India's sovereign ratings had investors celebrating; the ratings agency said that the reforms in progress would push India's longer term growth to substantially higher levels.
Market breadth is horizontal. Of the 2812 stocks traded today, 1493 were gainers and 1133 were losers.
Crowd Puller Stocks
30 stocks in BSE 500 are trading on high volumes today.
Top high volume losers on BSE were Ashiana Housing Limited (174.00 -3.71%), Page Industries Limited (23400.00 -3.07%) and Cholamandalam Investment and Finance Company Limited (1262.50 -2.88%).
Gujarat Pipavav Port Limited (131.25 -2.63%) was trading at 130.2 times of weekly average. Ashoka Buildcon Limited (211.00 3.05%) and GATI Limited (129.55 8.96%) were trading with volumes 39.7 and 12.6 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
Stocks touching their year highs included - 3M India Limited (16199.90 1.84%), Bank of India (207.05 -0.24%) and Cholamandalam Investment and Finance Company Limited (1262.50 -2.88%).
Stock making new 52 weeks lows included - Jagran Prakashan Limited (161.00 -2.07%).
10 stocks climbed above their 200 day SMA including GATI Limited (129.55 8.96%) and J.Kumar Infraprojects Limited (264.00 3.51%). 2 stocks slipped below their 200 SMA including GlaxoSmithKline Pharmaceuticals Limited (2500.00 -3.36%) and K.P.R. Mill Limited (715.00 -2.52%).