The market closed on an upbeat note. Nifty 50 closed at 12201.20 (93.3, 0.8%) , BSE Sensex closed at 41565.90 (349.8, 0.9%) while the broader Nifty 500 closed at 10037.10 (50.1, 0.5%). Market breadth is in the red. Of the 1633 stocks traded today, 563 were in the positive territory and 984 were negative.
- RARE Enterprises, Rakesh Jhunjhunwala's investment arm, recently met with Rallis India and Federal Bank management. To search inside corporate filings, try Discover.
- HEM Securities is a buy on Britannia, noting increase in operating profit margins.
- YES Bank is reportedly struggling to keep deposits from declining. In October the bank had said that it was focusing on retaining retail deposits, which tend to be more stable and cheaper for banks to maintain. However the September quarter had seen retail outflows and falls in the loan book.
- Shilpa Medicare, Aster DM among top gainers today.
- Bliss GVS Pharma marginally up despite a revenue and net profit decline for Q3.
- Heidelberg Cement is down today on results showing a revenue decline YoY of 2.7%. Net profit is up 10.3% YoY. See the full results dashboard.
- Markets are up today morning. Nifty 50 was trading at 12207.20 (99.3, 0.8%) , BSE Sensex was trading at 41554.31 (338.2, 0.8%) while the broader Nifty 500 was trading at 10052.85 (65.8, 0.7%). Market breadth is in the green. Of the 1440 stocks traded today, 793 showed gains, and 561 showed losses.
Riding High:
Largecap and midcap gainers today include Ipca Laboratories Ltd. (1323.80, 6.01%), NBCC (India) Ltd. (32.20, 5.40%) and Castrol India Ltd. (154.15, 5.22%).
Downers:
Largecap and midcap losers today include Vodafone Idea Ltd. (4.50, -7.22%), IDBI Bank Ltd. (34.75, -6.08%) and Bharat Heavy Electricals Ltd. (36.35, -5.71%).
Volume Shockers
26 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included PC Jeweller Ltd. (20.95, 17.04%), MMTC Ltd. (21.70, 11.28%) and Aster DM Healthcare Ltd. (177.60, 6.57%).
Top high volume losers on BSE were Suzlon Energy Ltd. (2.40, -9.43%), Fine Organic Industries Ltd. (2278.15, -5.77%) and Siemens Ltd. (1423.70, -4.75%).
Procter & Gamble Hygiene & Healthcare Ltd. (11367.70, -0.67%) was trading at 12.6 times of weekly average. Parag Milk Foods Ltd. (103.45, 3.30%) and Ipca Laboratories Ltd. (1323.80, 6.01%) were trading with volumes 12.3 and 12.0 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
30 stocks hit their 52 week highs, while 19 stocks hit their 52 week lows.
Stocks touching their year highs included - Asian Paints Ltd. (1893.70, 0.83%), Atul Ltd. (4975.95, -0.85%) and Balkrishna Industries Ltd. (1145.70, 0.75%).
Stocks making new 52 weeks lows included - Allahabad Bank (15.25, -6.44%) and Bharat Heavy Electricals Ltd. (36.35, -5.71%).
11 stocks climbed above their 200 day SMA including MMTC Ltd. (21.70, 11.28%) and Tamil Nadu Newsprint And Papers Ltd. (184.00, 3.34%). 11 stocks slipped below their 200 SMA including HEG Ltd. (1027.60, -12.58%) and KPIT Technologies Ltd. (91.05, -4.31%).
