Gloom in markets in today's trading. Nifty 50 closed at 12853.60 (-201.6, -1.5%) , BSE Sensex closed at 43828.10 (-694.9, -1.6%) while the broader Nifty 500 closed at 10570.15 (-163.5, -1.5%)
Market breadth is highly negative. Of the 1698 stocks traded today, 532 were in the positive territory and 1076 were negative.
Future Retail, AIA Engineering, JK Cement, and Sterling, and Wilson Solar are trading with rising delivery volume compared to the previous day.
Engineers India receives a rating downgrade from 'Buy' to 'Hold' by ICICI Securities. The brokerage revises its target price from Rs. 92 to Rs. 84.
Punjab National Bank, Bank of Baroda, Indian Overseas Bank, and Canara Bank are in the green as Nifty PSU Bank trades higher defying the market mood.
Sheela Foam, Indian Overseas Bank, La Opala RG, and Future Consumer are trading in the green with volume at least 5 times the average weekly volume.
Sun Pharmaceutical Industries' director creates a pledge using 2.2 lakh equity shares at Rs. 11.5 crores. Last week, the majority promoter group, Shanghvi Finance, created a pledge using 41 lakh shares at Rs. 208.8 crores.
HDFC Life Insurance Company and Tata Communications hit lifetime highs and Grasim Industries hits a 52-week high.
Nifty Realty trades in the red pulled down by Godrej Properties, DLF, Sobha and Oberoi Realty, despite gains in Sunteck Realty.
HDFC Securities' top pick in the FMCG sector remains ITC which receives a 'Buy' rating, United Spirits, Colgate-Palmolive, and Radico Khaitan receive an 'Add' rating.
Axis Trustee Services sells a further 54.1 lakh shares in Reliance Infrastructure for Rs. 11.6 crores. A day prior, it sold 28.6 lakh shares in the power and infrastructure company for Rs. 5.8 crores.
The promoter group of JSW Energy creates a pledge with 1.1 crore shares valued at Rs. 69.5 crores. As of 30 September, 44.5% of promoters' shareholding was pledged.
RBI rejects Muthoot Finance's proposal to acquire IDBI Asset Management Company, the mutual fund business of IDBI Bank for Rs. 215 crores.
The market opened on an upbeat note. Nifty 50 was trading at 13131.20 (76.1, 0.6%) , BSE Sensex was trading at 44765.06 (242.0, 0.5%) while the broader Nifty 500 was trading at 10787.30 (53.7, 0.5%)
Market breadth is highly positive. Of the 1521 stocks traded today, 1023 were on the uptick, and 407 were down.
Largecap and midcap gainers today include Oil And Natural Gas Corporation Ltd. (80.60, 5.91%), Future Retail Ltd. (91.50, 4.99%) and Bank of Baroda (49.00, 4.59%).
Largecap and midcap losers today include Larsen & Toubro Infotech Ltd. (3121.60, -6.43%), PI Industries Ltd. (2216.00, -6.09%) and Trent Ltd. (728.50, -5.84%).
28 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Gujarat Fluorochemicals Ltd. (555.05, 8.20%), Indian Overseas Bank (11.25, 8.17%) and La Opala RG Ltd. (231.80, 7.89%).
Top high volume losers on BSE were Sunteck Realty Ltd. (304.75, -4.74%), Tata Communications Ltd. (1028.00, -2.30%) and TeamLease Services Ltd. (2395.00, -1.02%).
Sheela Foam Ltd. (1376.05, 1.29%) was trading at 12.2 times of weekly average. Westlife Development Ltd. (408.00, 5.24%) and Bharat Dynamics Ltd. (322.50, 3.42%) were trading with volumes 5.9 and 5.9 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
20 stocks overperformed with 52 week highs,
Stocks touching their year highs included - Adani Ports & Special Economic Zone Ltd. (397.80, 1.41%), Amara Raja Batteries Ltd. (873.30, -2.01%) and Bliss GVS Pharma Ltd. (164.05, 1.39%).
15 stocks climbed above their 200 day SMA including Shilpa Medicare Ltd. (463.90, 7.14%) and Oil And Natural Gas Corporation Ltd. (80.60, 5.91%). 8 stocks slipped below their 200 SMA including Century Textiles & Industries Ltd. (338.05, -4.34%) and Alok Industries Ltd. (21.35, -3.39%).