Markets closed up today. Nifty 50 closed at 10833.45 (127.7, 1.2%) , BSE Sensex closed at 36737.69 (408.7, 1.1%) while the broader Nifty 500 closed at 8863.95 (79.0, 0.9%). Market breadth is in the green. Of the 1640 stocks traded today, 871 showed gains, and 722 showed losses.
Granules India hit another year high today. The company has said that the Board will be meeting on July 17 to consider the first quarter resutls for FY21.
Motilal Oswal turns bearish on Cummins India, downgrading the company's price target and recommendation to SELL.
The rights issue for Aditya Birla Fashion has opened for subscription, and will close on July 22. The company is hoping to raise Rs 995 crore through the rights issue of 9,04,65,693 partly paid-up equity shares.
Arvind Fashions is gaining today on announcement of its March quarter and annual results.
Excitement around Jubilant Life's new Covid19 drug Remdesivir, expected to launch in July, is boosting the stock's share price in the near term.
Strides Pharma is up today after the company received US FDA approval for the generic version of Teva's Fiorecet, a pain relieving tablet.
Nifty 50 was trading at 10744.70 (39.0, 0.4%) , BSE Sensex was trading at 36447.19 (118.2, 0.3%) while the broader Nifty 500 was trading at 8816.90 (31.9, 0.4%). Market breadth is in the green. Of the 1495 stocks traded today, 901 were on the uptick, and 512 were down.
Largecap and midcap gainers today include Hindalco Industries Ltd. (165.80, 6.97%), Motilal Oswal Financial Services Ltd. (717.50, 5.79%) and Jindal Steel & Power Ltd. (164.50, 5.28%).
Largecap and midcap losers today include Adani Green Energy Ltd. (373.45, -5.00%), Future Retail Ltd. (111.35, -4.99%) and IDBI Bank Ltd. (46.00, -4.96%).
Movers and Shakers
18 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included DB Corp Ltd. (86.60, 11.60%), Granules India Ltd. (228.95, 9.18%) and KEI Industries Ltd. (389.00, 9.13%).
Top high volume losers on BSE were Gujarat Fluorochemicals Ltd. (345.00, -2.42%), CreditAccess Grameen Ltd. (605.00, -2.31%) and Lemon Tree Hotels Ltd. (25.70, -1.15%).
Arvind Fashions Ltd. (170.00, 0.21%) was trading at 10.8 times of weekly average. Nilkamal Ltd. (1223.90, 6.33%) and Carborundum Universal Ltd. (270.00, 4.92%) were trading with volumes 9.8 and 8.4 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
12 stocks hit their 52 week highs, while 1 stock hit their 52 week lows.
Stocks touching their year highs included - Aurobindo Pharma Ltd. (815.20, 1.66%), Escorts Ltd. (1132.00, 4.03%) and Granules India Ltd. (228.95, 9.18%).
Stock making new 52 weeks lows included - Omaxe Ltd. (83.95, -4.98%).
21 stocks climbed above their 200 day SMA including Nilkamal Ltd. (1223.90, 6.33%) and Indiabulls Real Estate Ltd. (68.35, 4.99%). 8 stocks slipped below their 200 SMA including Procter & Gamble Hygiene & Healthcare Ltd. (10625.00, -3.15%) and Nippon Life India Asset Management Ltd. (294.40, -2.90%).