Markets closed higher. Nifty 50 closed at 15097.60 (115.6, 0.8%) , BSE Sensex closed at 51039.31 (257.6, 0.5%) while the broader Nifty 500 closed at 12570.95 (115.8, 0.9%)
Market breadth is overwhelmingly positive. Of the 1708 stocks traded today, 1099 were gainers and 534 were losers.
Ashok Leyland will acquire an additional 38% stake in Hinduja Tech (HTL) for Rs 70.2 crore. This will make HTL a wholly-owned subsidiary of the commercial vehicle manufacturer.
Rashtriya Chemicals & Fertilizers, Just Dial, Himadri Speciality Chemical, and National Fertilizers are trading in the green with nine times the average weekly trading volume.
Nureca lists at Rs 634 per share, a 59% premium compared to its upper IPO price band of Rs 400.
HDFC Life Insurance Company hits a lifetime high, BEML, Rashtriya Chemicals & Fertilizers, and Bharat Heavy Electricals hit new 52-week highs.
Bosch will invest Rs 800 crore to upgrade its campus in Bangalore to an artificial intelligence of things (AIoT) smart campus.
Tata Power Company raises Rs 900 crore through the issuance of non-convertible debentures. Its stock price is up by 26% in one month.
Nirmal Bang maintains a 'Buy' rating on pharmaceutical company Sanofi India with a target price at an upside of 25% against the market price.
Just Dial launches its wholesale B2B platform Jd Mart. Its stock price is up by 10% in the past week.
IIFL Securities wins the bid to takeover 11 lakh Demat accounts of Karvy Stock Broking while Axis Securities will acquire 11 lakh trading accounts.
Spicejet's promoter disposes one lakh shares worth Rs 87 lakh via a market sale. Since the year began, 3.5 lakh shares worth Rs 3.1 crore have been sold by insiders.
Axis Bank and its subsidiaries' acquisition of a 12% stake in Max Financial Services is approved by the Insurance Regulatory and Development Authority of India (IRDAI).
Markets are up today morning. Nifty 50 was trading at 15148.25 (166.3, 1.1%) , BSE Sensex was trading at 51353.40 (571.7, 1.1%) while the broader Nifty 500 was trading at 12592.65 (137.5, 1.1%)
Market breadth is ticking up strongly. Of the 1585 stocks traded today, 1248 were gainers and 271 were losers.
Riding High:
Largecap and midcap gainers today include Indian Overseas Bank (18.95, 9.86%), Bharat Heavy Electricals Ltd. (47.10, 9.66%) and Coal India Ltd. (156.95, 8.69%).
Downers:
Largecap and midcap losers today include Marico Ltd. (409.70, -3.46%), Adani Green Energy Ltd. (1129.00, -3.45%) and ABB India Ltd. (1528.90, -2.67%).
Volume Rockets
34 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Just Dial Ltd. (767.90, 19.99%), Himadri Speciality Chemical Ltd. (49.30, 19.95%) and Rashtriya Chemicals & Fertilizers Ltd. (67.70, 19.93%).
Top high volume losers on BSE were SKF India Ltd. (2219.40, -1.74%), Aster DM Healthcare Ltd. (149.55, -0.99%) and Oberoi Realty Ltd. (556.75, -0.77%).
Gujarat State Fertilizer & Chemicals Ltd. (88.80, 9.23%) was trading at 9.8 times of weekly average. Indiabulls Real Estate Ltd. (93.00, 11.85%) and Deepak Fertilisers & Petrochemicals Corporation Ltd. (182.75, 8.52%) were trading with volumes 6.9 and 5.6 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
59 stocks overperformed with 52 week highs,
Stocks touching their year highs included - Adani Ports & Special Economic Zone Ltd. (705.35, 6.04%), Bajaj Holdings & Investment Ltd. (3723.70, 2.53%) and BEML Ltd. (1071.60, 7.99%).
13 stocks climbed above their 200 day SMA including Himadri Speciality Chemical Ltd. (49.30, 19.95%) and Edelweiss Financial Services Ltd. (69.85, 4.10%). 2 stocks slipped below their 200 SMA including Sun Pharma Advanced Research Company Ltd. (168.35, -0.82%) and Dhanuka Agritech Ltd. (728.85, -0.47%).