Trendlyne Marketwatch    
14 May 2021
Markets close lower, PowerGrid Infra Invit lists at a 4% premium

Nifty 50 closed at 14683.85 (-12.7, -0.1%) , BSE Sensex closed at 48732.55 (41.8, 0.1%) while the broader Nifty 500 closed at 12476.60 (-61.4, -0.5%)

Market breadth is in the red. Of the 1747 stocks traded today, 641 showed gains, and 1082 showed losses.

  • Cyient, Bajaj Holdings & Investment, Schaeffler India, and Aavas Financiers are trading with higher delivery volume compared to the previous day.

  • ICICI Securities maintains a 'Buy' rating on Sonata Software expecting a revival in non-essential retail and manufacturing which will further boost revenue growth. The brokerage's target price is at an upside of 17.7%.

  • TCNS Clothing, and Mas Financial Services are trading in the green with 20 and 11 times the weekly average trading volume respectively. 

  • Happiest Minds' Q4 net profit declines nearly 17% QoQ to Rs 37 crore due to an increase in expenses by 17.8% QoQ.

  • Indian Energy Exchange's revenues rise by 35% to Rs 93.8 crore YoY in Q4FY21 due to a 63% increase in the volume of power traded to 22.4 billion units.

  • Motilal Oswal maintains a 'Buy' rating on Granules India on the back of the pharma company's strong performance in the formulations and intermediates division in Q4.

  • Cipla, Dr. Reddy's Laboratories and SKF India are trading higher whereas Just Dial, Larsen & Toubro, and Jindal Stainless are trading lower ahead of their Q4FY21 results later today.

  • Pharmaceutical company Lupin reports a total income of Rs 3,783 crore in Q4FY21, a 2% decline YoY, with net profits of Rs 460 crore, an 18% YoY jump.

  • PowerGrid Infrastructure Investment Trust lists at Rs 104 per share, a 4% premium to the IPO issue price of Rs 100 per share.

  • Maharashtra Seamless' promoters sell 80,000 shares (0.11% of the company) worth Rs 2.4 crore via an insider trade. Earlier this month, L&T Mutual Fund sold 14 lakh shares or 2.1% of the company.

  • Jindal Steel & Power reports a 34% jump YoY in revenue for Q4FY21 at Rs 11,900 crore with net profits up by nearly 23 times to Rs 1,900 crore due to rising steel prices and a 27% growth YoY in exports.

  • Motilal Oswal upgrades its rating on Godrej Consumer Products to 'Buy' from 'Hold' following the appointment of Sudhir Sitapati as the managing director of the FMCG company.

  • UPL’s Q4 net profit rises 73.5% YoY to Rs 1,361 crore with revenues rising by 15% YoY to Rs 12,796 crore.

  • Nifty 50 was trading at 14663.35 (-33.2, -0.2%) , BSE Sensex was trading at 48656.98 (-33.8, -0.1%) while the broader Nifty 500 was trading at 12504.65 (-33.3, -0.3%)

  • Market breadth is in the green. Of the 1662 stocks traded today, 886 were on the uptrend, and 728 went down.

Riding High:

Largecap and midcap gainers today include Asian Paints Ltd. (2773.60, 8.50%), UPL Ltd. (743.55, 7.50%) and ITC Ltd. (212.35, 4.48%).

Downers:

Largecap and midcap losers today include Adani Total Gas Ltd. (1192.00, -9.25%), Jindal Steel & Power Ltd. (417.15, -8.64%) and NMDC Ltd. (185.70, -8.50%).

Volume Rockets

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

Top high volume gainers on BSE included Omaxe Ltd. (83.80, 13.63%), Welspun India Ltd. (101.25, 10.96%) and Asian Paints Ltd. (2773.60, 8.50%).

Top high volume losers on BSE were Jindal Steel & Power Ltd. (417.15, -8.64%), Vinati Organics Ltd. (1677.80, -4.73%) and Honeywell Automation India Ltd. (42000.00, -4.49%).

TCNS Clothing Co. Ltd. (534.00, 4.96%) was trading at 29.6 times of weekly average. Mas Financial Services Ltd. (861.50, 3.18%) and GlaxoSmithKline Pharmaceuticals Ltd. (1503.80, 1.78%) were trading with volumes 15.8 and 7.0 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

16 stocks took off, crossing 52 week highs,

Stocks touching their year highs included - Adani Transmission Ltd. (1143.50, -4.99%), Birla Corporation Ltd. (1054.00, 1.06%) and Chambal Fertilisers & Chemicals Ltd. (270.25, 5.69%).

12 stocks climbed above their 200 day SMA including Omaxe Ltd. (83.80, 13.63%) and SIS Ltd. (399.95, 3.43%). 10 stocks slipped below their 200 SMA including Granules India Ltd. (321.65, -4.47%) and DCB Bank Ltd. (96.10, -4.28%).

Trendlyne Marketwatch    
14 May 2021

Nifty 50 closed at 14683.85 (-12.7, -0.1%) , BSE Sensex closed at 48732.55 (41.8, 0.1%) while the broader Nifty 500 closed at 12476.60 (-61.4, -0.5%)

Market breadth is in the red. Of the 1747 stocks traded today, 641 showed gains, and 1082 showed losses.

Riding High:

Largecap and midcap gainers today include Asian Paints Ltd. (2773.60, 8.50%), UPL Ltd. (743.55, 7.50%) and ITC Ltd. (212.35, 4.48%).

Downers:

Largecap and midcap losers today include Adani Total Gas Ltd. (1192.00, -9.25%), Jindal Steel & Power Ltd. (417.15, -8.64%) and NMDC Ltd. (185.70, -8.50%).

Volume Rockets

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

Top high volume gainers on BSE included Omaxe Ltd. (83.80, 13.63%), Welspun India Ltd. (101.25, 10.96%) and Asian Paints Ltd. (2773.60, 8.50%).

Top high volume losers on BSE were Jindal Steel & Power Ltd. (417.15, -8.64%), Vinati Organics Ltd. (1677.80, -4.73%) and Honeywell Automation India Ltd. (42000.00, -4.49%).

TCNS Clothing Co. Ltd. (534.00, 4.96%) was trading at 29.6 times of weekly average. Mas Financial Services Ltd. (861.50, 3.18%) and GlaxoSmithKline Pharmaceuticals Ltd. (1503.80, 1.78%) were trading with volumes 15.8 and 7.0 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

16 stocks took off, crossing 52 week highs,

Stocks touching their year highs included - Adani Transmission Ltd. (1143.50, -4.99%), Birla Corporation Ltd. (1054.00, 1.06%) and Chambal Fertilisers & Chemicals Ltd. (270.25, 5.69%).

12 stocks climbed above their 200 day SMA including Omaxe Ltd. (83.80, 13.63%) and SIS Ltd. (399.95, 3.43%). 10 stocks slipped below their 200 SMA including Granules India Ltd. (321.65, -4.47%) and DCB Bank Ltd. (96.10, -4.28%).

Trendlyne Marketwatch    
14 May 2021

Nifty 50 was trading at 14666.20 (-30.3, -0.2%) , BSE Sensex was trading at 48670.68 (-20.1, -0.0%) while the broader Nifty 500 was trading at 12483.55 (-54.4, -0.4%)

Market breadth is in the red. Of the 1737 stocks traded today, 624 were gainers and 1066 were losers.

Riding High:

Largecap and midcap gainers today include Asian Paints Ltd. (2787.95, 9.07%), UPL Ltd. (747.75, 8.11%) and Polycab India Ltd. (1622.45, 5.10%).

Downers:

Largecap and midcap losers today include Adani Total Gas Ltd. (1211.40, -7.77%), Jindal Steel & Power Ltd. (422.75, -7.41%) and NMDC Ltd. (190.05, -6.36%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Omaxe Ltd. (83.95, 13.83%), Asian Paints Ltd. (2787.95, 9.07%) and TCNS Clothing Co. Ltd. (554.05, 8.90%).

Top high volume losers on BSE were Pidilite Industries Ltd. (1857.85, -1.17%) and Century Plyboards (India) Ltd. (339.35, -0.76%).

Mas Financial Services Ltd. (882.00, 5.64%) was trading at 12.0 times of weekly average. Berger Paints (India) Ltd. (754.75, 2.81%) and Polycab India Ltd. (1622.45, 5.10%) were trading with volumes 5.4 and 5.1 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

15 stocks made 52 week highs,

Stocks touching their year highs included - Adani Transmission Ltd. (1143.50, -4.99%), Birla Corporation Ltd. (1017.80, -2.41%) and Chambal Fertilisers & Chemicals Ltd. (270.95, 5.96%).

12 stocks climbed above their 200 day SMA including Omaxe Ltd. (83.95, 13.83%) and Mas Financial Services Ltd. (882.00, 5.64%). 7 stocks slipped below their 200 SMA including Granules India Ltd. (323.60, -3.89%) and DCB Bank Ltd. (97.40, -2.99%).

Trendlyne Marketwatch    
12 May 2021
Markets close lower, Granules India's Q4 net profit drops 13% QoQ

Markets closed on a low note. Nifty 50 closed at 14698.75 (-152, -1.0%) , BSE Sensex closed at 48690.80 (-471.0, -1.0%) while the broader Nifty 500 closed at 12541.50 (-100.8, -0.8%)

Market breadth is in the red. Of the 1741 stocks traded today, 797 were in the positive territory and 922 were negative.

  • HDFC Securities maintains a 'Buy' on UltraTech Cement on the back of strong growth in sales volume. The brokerage's target price is at an upside of 15%.

  • Siemens reports a 90% growth YoY in net profits to Rs 334 crore in Q4FY21, with revenues up by 31% to Rs 348.3 crore.

  • Godrej Industries and Godrej Consumer Products are trading with 43 and 26 times the weekly average trading volume respectively. 

  • Edelweiss maintains a 'Buy' rating on Navin Fluorine International on the back of a strong performance in its specialty chemicals segment. The brokerage's target price is at an upside of 10%.

  • Asian Paints, Lupin, Pidilite Industries, and UPL are trading higher ahead of their Q4FY21 results later today.

  • HDFC Securities maintains a 'Buy' rating on Kansai Nerolac Paints, the third-largest domestic paints maker, with a target price at an upside of 10% (lowered from 14% earlier).

  • Dr. Reddy's Laboratories enters into a royalty-free licensing agreement with Eli Lily to make Baricitinib, a drug used to treat Covid-19 patients. Earlier this week, Cipla, Lupin, and Sun Pharmaceutical Industries received licenses to make Baricitinib.

  • ICICI Bank's managing director Sandeep Bakhshi sells 1.2 lakh shares of the private bank for Rs 7.3 crore via an insider trade.

  • Godrej Consumer Products reports a 27% YoY growth in sales for Q4FY21 at Rs 2,730 crore led by the home care and health and hygiene segments, with net profits up nearly 60% to Rs 365 crore

  • IDBI Bank lowers its stake by 2.1% in Bajaj Hindusthan Sugar selling 2.4 crore shares in the sugar producer via an insider trade.

  • Granules India's consolidated revenue declines by 7% YoY to Rs 860 crore due to shortage of raw materials and lower capacity utilisation, net profits were lower by 13% QoQ at Rs 127 crore.

  • Indian markets slumped today. Nifty 50 was trading at 14,775.10 (-75.7, -0.5%) , BSE Sensex was trading at 48,780.67 (-381.1, -0.8%) while the broader Nifty 500 was trading at 12,612.40 (-29.9, -0.2%)

  • Market breadth is in the green. Of the 1,652 stocks traded today, 1,010 were gainers and 592 were losers.

Riding High:

Largecap and midcap gainers today include Godrej Consumer Products Ltd. (869.65, 21.43%), Vodafone Idea Ltd. (8.79, 8.52%) and Godrej Industries Ltd. (550.00, 7.92%).

Downers:

Largecap and midcap losers today include Steel Authority of India (SAIL) Ltd. (133.00, -5.27%), Thermax Ltd. (1413.40, -5.16%) and Tata Steel Ltd. (1174.00, -4.85%).

Volume Rockets

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

Top high volume gainers on BSE included Godrej Consumer Products Ltd. (869.65, 21.43%), Venky's (India) Ltd. (2143.20, 20.61%) and Chambal Fertilisers & Chemicals Ltd. (256.90, 11.41%).

Top high volume losers on BSE were Linde India Ltd. (1741.50, -2.88%), TV Today Network Ltd. (279.65, -0.48%) and Bajaj Holdings & Investment Ltd. (3506.05, -0.21%).

Godrej Industries Ltd. (550.00, 7.92%) was trading at 62.9 times of weekly average. Godrej Agrovet Ltd. (533.00, 0.28%) and Siemens Ltd. (2011.00, 3.20%) were trading with volumes 18.9 and 16.9 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

50 stocks overperformed with 52 week highs,

Stocks touching their year highs included - Adani Transmission Ltd. (1200.85, 0.30%), Balkrishna Industries Ltd. (1923.30, 0.93%) and Bharat Electronics Ltd. (146.25, -1.55%).

13 stocks climbed above their 200 day SMA including UCO Bank (12.68, 8.38%) and KRBL Ltd. (233.50, 6.79%). 3 stocks slipped below their 200 SMA including Granules India Ltd. (336.70, -6.45%) and Force Motors Ltd. (1187.95, -1.86%).

Trendlyne Marketwatch    
12 May 2021

Markets closed on a low note. Nifty 50 closed at 14698.75 (-152, -1.0%) , BSE Sensex closed at 48690.80 (-471.0, -1.0%) while the broader Nifty 500 closed at 12541.50 (-100.8, -0.8%)

Market breadth is in the red. Of the 1741 stocks traded today, 797 were in the positive territory and 922 were negative.

Riding High:

Largecap and midcap gainers today include Godrej Consumer Products Ltd. (869.65, 21.43%), Vodafone Idea Ltd. (8.79, 8.52%) and Godrej Industries Ltd. (550.00, 7.92%).

Downers:

Largecap and midcap losers today include Steel Authority of India (SAIL) Ltd. (133.00, -5.27%), Thermax Ltd. (1413.40, -5.16%) and Tata Steel Ltd. (1174.00, -4.85%).

Volume Rockets

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

Top high volume gainers on BSE included Godrej Consumer Products Ltd. (869.65, 21.43%), Venky's (India) Ltd. (2143.20, 20.61%) and Chambal Fertilisers & Chemicals Ltd. (256.90, 11.41%).

Top high volume losers on BSE were Linde India Ltd. (1741.50, -2.88%), TV Today Network Ltd. (279.65, -0.48%) and Bajaj Holdings & Investment Ltd. (3506.05, -0.21%).

Godrej Industries Ltd. (550.00, 7.92%) was trading at 62.9 times of weekly average. Godrej Agrovet Ltd. (533.00, 0.28%) and Siemens Ltd. (2011.00, 3.20%) were trading with volumes 18.9 and 16.9 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

50 stocks overperformed with 52 week highs,

Stocks touching their year highs included - Adani Transmission Ltd. (1200.85, 0.30%), Balkrishna Industries Ltd. (1923.30, 0.93%) and Bharat Electronics Ltd. (146.25, -1.55%).

13 stocks climbed above their 200 day SMA including UCO Bank (12.68, 8.38%) and KRBL Ltd. (233.50, 6.79%). 3 stocks slipped below their 200 SMA including Granules India Ltd. (336.70, -6.45%) and Force Motors Ltd. (1187.95, -1.86%).

Trendlyne Marketwatch    
12 May 2021

Indian markets slumped today. Nifty 50 was trading at 14774.50 (-76.3, -0.5%) , BSE Sensex was trading at 48860.13 (-301.7, -0.6%) while the broader Nifty 500 was trading at 12612.70 (-29.6, -0.2%)

Market breadth is in the green. Of the 1722 stocks traded today, 970 were gainers and 718 were losers.

Riding High:

Largecap and midcap gainers today include Godrej Consumer Products Ltd. (867.45, 21.12%), Godrej Industries Ltd. (610.60, 19.81%) and Vodafone Idea Ltd. (8.93, 10.25%).

Downers:

Largecap and midcap losers today include Cholamandalam Investment & Finance Company Ltd. (528.85, -4.01%), MphasiS Ltd. (1781.55, -3.63%) and Max Financial Services Ltd. (889.55, -3.10%).

Volume Shockers

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

Top high volume gainers on BSE included Godrej Consumer Products Ltd. (867.45, 21.12%), Godrej Industries Ltd. (610.60, 19.81%) and Venky's (India) Ltd. (2104.20, 18.42%).

Godrej Agrovet Ltd. (559.90, 5.34%) was trading at 14.4 times of weekly average. Siemens Ltd. (2030.00, 4.17%) and Avanti Feeds Ltd. (536.95, 9.47%) were trading with volumes 14.2 and 8.3 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

49 stocks made 52 week highs,

Stocks touching their year highs included - Adani Transmission Ltd. (1209.55, 1.02%), Balkrishna Industries Ltd. (1939.70, 1.79%) and Bharat Electronics Ltd. (150.80, 1.51%).

10 stocks climbed above their 200 day SMA including Avanti Feeds Ltd. (536.95, 9.47%) and UCO Bank (12.68, 8.38%). 2 stocks slipped below their 200 SMA including Granules India Ltd. (341.25, -5.18%) and Indostar Capital Finance Ltd. (302.25, -0.41%).

Trendlyne Marketwatch    
11 May 2021
Markets close lower, Bay Tree sells 52 lakh shares of Yes Bank

Markets fell in today's trading. Nifty 50 closed at 14845.50 (-96.9, -0.7%) , BSE Sensex closed at 49161.81 (-340.6, -0.7%) while the broader Nifty 500 closed at 12637.90 (-32, -0.3%)

Market breadth is in the green. Of the 1739 stocks traded today, 1063 showed gains, and 641 showed losses.

  • Baring PE's Hulst BV, Coforge's promoter, sells 19 lakhs shares (3.14% stake) in a bulk deal for Rs 616 crore

  • Ingersoll-Rand, Chambal Fertilisers & Chemicals, Valiant Organics, and Bharat Dynamics are trading in green with more than eight times the average weekly trading volume.

  • HDFC Securities maintains a 'Sell' rating on Avenue Supermarts expecting the recovery in H1FY22 to be below expectations as 80% of the company's supermarkets are operating less than four hours a day.

  • HFCL is rising after reporting a 10-fold YoY rise in its Q4 net profit to Rs 86.4 crore as its revenues double to Rs 1,391.4 crore

  • Yes Bank's institutional investor Bay Tree India Holdings decreases its stake in the private lender by 2.1% selling 52.5 lakh shares via an insider trade.

  • HSIL hits a 52-week high following its Q4 results. The company's revenues grew by 37% YoY to Rs 633 crore in Q4FY21 with net profits up by 8x to Rs 33 crore.

  • Firstsource Solutions,Alembic, Bliss GVS Pharma, and BASF India are trading higher ahead of their Q4FY21 results.

  • Jindal Steel & Power (JSPL) repays debt worth Rs 2,462 crore from the disinvestment proceeds of Jindal Power. Last month, JSPL disinvested its 96% stake in Jindal Power for Rs 12,000 crore to Worldone.

  • HDFC Securities downgrades its rating on Deepak Nitrite to 'Sell' from 'Add' expecting no further growth in phenolic production and declining prices of isopropyl alcohol, a chemical used to make sanitizers.

  • SBI Cards and Payment Services raises Rs 455 crore through debt. At the end of FY21, the credit card issuer's total debt was Rs 5,933 crore.

  • Zydus Wellness reports a 93% YoY rise in consolidated net profits to Rs 133.1 crore in Q4FY21, with revenues up by 23% YoY to Rs 600.7 crore

  • Markets fell in early trading. Nifty 50 was trading at 14827.75 (-114.6, -0.8%) , BSE Sensex was trading at 49116.90 (-385.5, -0.8%) while the broader Nifty 500 was trading at 12614.60 (-55.3, -0.4%)

  • Market breadth is in the green. Of the 1656 stocks traded today, 886 were on the uptrend, and 720 went down.

Riding High:

Largecap and midcap gainers today include Bharat Heavy Electricals Ltd. (73.35, 11.73%), NHPC Ltd. (26.45, 6.87%) and Container Corporation of India Ltd. (613.80, 5.85%).

Downers:

Largecap and midcap losers today include Steel Authority of India (SAIL) Ltd. (140.50, -3.96%), JSW Steel Ltd. (732.70, -3.42%) and Ajanta Pharma Ltd. (1942.50, -3.36%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included NLC India Ltd. (63.80, 19.25%), Kaveri Seed Company Ltd. (751.75, 14.96%) and MMTC Ltd. (54.30, 11.84%).

Top high volume loser on BSE was Can Fin Homes Ltd. (512.65, -0.09%).

Bharat Dynamics Ltd. (358.05, 5.88%) was trading at 10.9 times of weekly average. India Tourism Development Corporation Ltd. (341.30, 3.96%) and Suzlon Energy Ltd. (6.14, 9.64%) were trading with volumes 10.4 and 10.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

47 stocks took off, crossing 52 week highs,

Stocks touching their year highs included - Adani Transmission Ltd. (1200.00, 3.13%), Aegis Logistics Ltd. (338.00, 1.98%) and Aurobindo Pharma Ltd. (1029.95, -1.72%).

19 stocks climbed above their 200 day SMA including NLC India Ltd. (63.80, 19.25%) and Spicejet Ltd. (69.50, 9.28%). 3 stocks slipped below their 200 SMA including Muthoot Finance Ltd. (1197.00, -2.12%) and Punjab National Bank (35.10, -1.40%).

Trendlyne Marketwatch    
11 May 2021

Markets fell in today's trading. Nifty 50 closed at 14845.50 (-96.9, -0.7%) , BSE Sensex closed at 49161.81 (-340.6, -0.7%) while the broader Nifty 500 closed at 12637.90 (-32, -0.3%)

Market breadth is in the green. Of the 1739 stocks traded today, 1063 showed gains, and 641 showed losses.

Riding High:

Largecap and midcap gainers today include Bharat Heavy Electricals Ltd. (73.35, 11.73%), NHPC Ltd. (26.45, 6.87%) and Container Corporation of India Ltd. (613.80, 5.85%).

Downers:

Largecap and midcap losers today include Steel Authority of India (SAIL) Ltd. (140.50, -3.96%), JSW Steel Ltd. (732.70, -3.42%) and Ajanta Pharma Ltd. (1942.50, -3.36%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included NLC India Ltd. (63.80, 19.25%), Kaveri Seed Company Ltd. (751.75, 14.96%) and MMTC Ltd. (54.30, 11.84%).

Top high volume loser on BSE was Can Fin Homes Ltd. (512.65, -0.09%).

Bharat Dynamics Ltd. (358.05, 5.88%) was trading at 10.9 times of weekly average. India Tourism Development Corporation Ltd. (341.30, 3.96%) and Suzlon Energy Ltd. (6.14, 9.64%) were trading with volumes 10.4 and 10.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

47 stocks took off, crossing 52 week highs,

Stocks touching their year highs included - Adani Transmission Ltd. (1200.00, 3.13%), Aegis Logistics Ltd. (338.00, 1.98%) and Aurobindo Pharma Ltd. (1029.95, -1.72%).

19 stocks climbed above their 200 day SMA including NLC India Ltd. (63.80, 19.25%) and Spicejet Ltd. (69.50, 9.28%). 3 stocks slipped below their 200 SMA including Muthoot Finance Ltd. (1197.00, -2.12%) and Punjab National Bank (35.10, -1.40%).

Trendlyne Marketwatch    
11 May 2021

Market sinks in afternoon trading. Nifty 50 was trading at 14849.45 (-92.9, -0.6%) , BSE Sensex was trading at 49004.67 (-497.7, -1.0%) while the broader Nifty 500 was trading at 12633.70 (-36.2, -0.3%)

Market breadth is in the green. Of the 1726 stocks traded today, 1023 were on the uptrend, and 660 went down.

Riding High:

Largecap and midcap gainers today include Bharat Heavy Electricals Ltd. (69.85, 6.40%), Container Corporation of India Ltd. (613.15, 5.73%) and Astral Ltd. (1641.35, 4.94%).

Downers:

Largecap and midcap losers today include Steel Authority of India (SAIL) Ltd. (141.20, -3.49%), Housing Development Finance Corporation Ltd. (2450.80, -3.18%) and Punjab National Bank (34.60, -2.81%).

Volume Shockers

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

Top high volume gainers on BSE included Suzlon Energy Ltd. (6.14, 9.64%), Spicejet Ltd. (68.05, 7.00%) and India Tourism Development Corporation Ltd. (350.10, 6.64%).

Chambal Fertilisers & Chemicals Ltd. (230.55, 3.11%) was trading at 7.5 times of weekly average. PTC India Ltd. (87.70, 5.16%) and Container Corporation of India Ltd. (613.15, 5.73%) were trading with volumes 5.1 and 5.0 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

42 stocks made 52 week highs,

Stocks touching their year highs included - Adani Transmission Ltd. (1184.45, 1.80%), Aegis Logistics Ltd. (337.85, 1.93%) and Aurobindo Pharma Ltd. (1023.00, -2.38%).

18 stocks climbed above their 200 day SMA including Spicejet Ltd. (68.05, 7.00%) and ITI Ltd. (123.80, 4.12%). 2 stocks slipped below their 200 SMA including Punjab National Bank (34.60, -2.81%) and Godrej Consumer Products Ltd. (707.05, -0.31%).

Trendlyne Marketwatch    
10 May 2021
Markets close higher, HDFC to sell a 0.62% stake in HDFC Ergo

Markets closed up today. Nifty 50 closed at 14949.40 (126.3, 0.9%) , BSE Sensex closed at 49502.41 (295.9, 0.6%) while the broader Nifty 500 closed at 12677.65 (114.6, 0.9%)

Market breadth is highly positive. Of the 1773 stocks traded today, 1169 were on the uptrend, and 561 went down.

  • IDFC First Bank reports a 79% jump YoY in consolidated net profits to Rs 128 crore, with net interest income growing by 15% YoY to Rs 1,960 crore.

  • HDFC Securities maintains an ‘Add’ on Hero Motocorp with a target price at an upside of 14.1%, expecting an improvement in exports, aided by a low base and a revamped strategy in Bangladesh and Latin America. 

  • IDBI Bank cuts its stake in 3i Infotech by 2.2% selling 3.5 crore shares in the IT consulting company via an insider trade.

  • Geojit BNP Paribas upgrades its rating on Mahindra CIE Automotive to 'Buy' from 'Accumulate' due to the company's cost control initiatives and growing European business.

  • ICICI Prudential Mutual Fund acquires 90 lakh shares in SBI Life Insurance Company via a bulk deal. The mutual fund now holds 1.7% of the life insurer.

  • GMM Pfaudler is trading with 13 times the weekly average trading volume. CSB Bank, Rossari Biotech, Maharashtra Seamless, and Oil India are trading in the green with five times the average weekly trading volume.

  • Bandhan Bank reports an 80% decline in net profits YoY to Rs 103 crore with net interest income up by 4.6% to Rs 1,757 crore.

  • Cipla, Lupin, and Sun Pharmaceutical Industries rise as the US drug-maker Eli Lilly gives royalty-free, non-exclusive licenses to manufacture Baricitinib to treat Covid-19 patients. 

  • Housing Development Finance Corporation will sell a 0.62% stake in its general insurance subsidiary HDFC Ergo for Rs 236 crore to the joint venture partner Ergo International.

  • Avenue Supermarts, the operator of supermarket chain D-Mart, reports an 18% YoY growth in revenues for Q4FY21 at Rs 7,460 crore, with net profits up by 52%.

  • Maruti Suzuki India extends the maintenance shutdown of its Haryana plant till May 16 on account of the Covid-19 pandemic.

  • UltraTech Cement reports a 33% YoY growth in consolidated revenues to Rs 14,405 crore in Q4FY21, with net profits down by 45% YoY to Rs 1,755 crore due to a high base in the year-ago period.

  • Markets are up today morning. Nifty 50 was trading at 14937.55 (114.4, 0.8%) , BSE Sensex was trading at 49492.99 (286.5, 0.6%) while the broader Nifty 500 was trading at 12658.20 (95.1, 0.8%)

  • Market breadth is overwhelmingly positive. Of the 1691 stocks traded today, 1236 were gainers and 402 were losers.

Riding High:

Largecap and midcap gainers today include Bharat Heavy Electricals Ltd. (65.70, 13.67%), NMDC Ltd. (202.50, 9.61%) and Torrent Power Ltd. (451.20, 8.45%).

Downers:

Largecap and midcap losers today include Kansai Nerolac Paints Ltd. (567.00, -4.10%), Cholamandalam Investment & Finance Company Ltd. (552.20, -2.94%) and Larsen & Toubro Infotech Ltd. (3673.00, -2.54%).

Volume Shockers

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

Top high volume gainers on BSE included Sun Pharma Advanced Research Company Ltd. (221.75, 19.93%), Gujarat Mineral Development Corporation Ltd. (77.00, 13.74%) and GHCL Ltd. (272.45, 13.17%).

Top high volume losers on BSE were Lakshmi Machine Works Ltd. (6051.35, -1.96%), Avenue Supermarts Ltd. (2848.80, -1.61%) and Zydus Wellness Ltd. (2108.95, -0.44%).

GMM Pfaudler Ltd. (4400.00, 8.96%) was trading at 24.6 times of weekly average. CSB Bank Ltd. (270.95, 5.18%) and Venky's (India) Ltd. (1680.00, 2.52%) were trading with volumes 9.7 and 9.3 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

58 stocks took off, crossing 52 week highs,

Stocks touching their year highs included - Adani Transmission Ltd. (1162.00, -1.22%), Aurobindo Pharma Ltd. (1045.25, 3.18%) and Bajaj Finserv Ltd. (11332.00, 0.12%).

16 stocks climbed above their 200 day SMA including GMM Pfaudler Ltd. (4400.00, 8.96%) and Torrent Pharmaceuticals Ltd. (2770.00, 5.88%). 2 stocks slipped below their 200 SMA including Procter & Gamble Health Ltd. (5845.00, -0.32%) and Godrej Agrovet Ltd. (517.30, 0.42%).