Market sinks in today's trading. Nifty 50 closed at 15001.30 (-117.7, -0.8%) , BSE Sensex closed at 50889.76 (-434.9, -0.9%) while the broader Nifty 500 closed at 12454.75 (-111.0, -0.9%)
Market breadth is in the red. Of the 1700 stocks traded today, 562 were on the uptick, and 1079 were down.
Bank of Maharashtra, VST Industries, Thermax, and Schaeffler are trading with rising delivery volume.
Trident reports Q3 net profits of Rs 159 crore up nearly 3x on a YoY basis with a revenue of Rs 1,289 crore, a 14.1% rise YoY.
DLF's rental arm DLF Cyber City Developers (DCCDL) acquires a 51.8% stake in Fairleaf Real Estate for Rs 779.4 crore.
Raymond, Capri Global Capital, Bombay Dyeing & Manufacturing Company, and Bank of Maharashtra are trading in the green with 4 times the average weekly trading volume.
Bharti Airtel added over 40 lakh new customers in the wireless segment while Reliance Jio added 4.7 lakh new customers in December 2020.
East Bridge Capital's Master Fund trims its stake in Jammu & Kashmir Bank by disposing over 1 crore shares for Rs 31.4 crore.
IDFC First Bank's board approves a fundraise of Rs 3,000 crore through private placement, qualified institutional placement, or via a follow-on public offering.
Jubilant Foodworks hits a lifetime high, Container Corporation of India, Blue Star, and Karur Vysya Bank hit new 52-week highs.
Ambuja Cements reports a 34% YoY increase in Q3 net profits to Rs 968 crore, with revenues up by 4.6% YoY to Rs 7,452 crore.
Engineer's India and Oil India jointly bid for the Bharat Petroleum Corporation's (BPCL) 61.6% stake in Numaligarh Refinery (NRL).
Nifty 50 was trading at 15030.75 (-88.2, -0.6%) , BSE Sensex was trading at 51121.94 (-202.8, -0.4%) while the broader Nifty 500 was trading at 12497.00 (-68.7, -0.6%)
Market breadth is in the red. Of the 1592 stocks traded today, 713 were on the uptick, and 804 were down.
Riding High:
Largecap and midcap gainers today include General Insurance Corporation of India (205.05, 19.98%), The New India Assurance Company Ltd. (187.70, 14.31%) and IDFC First Bank Ltd. (62.55, 7.66%).
Downers:
Largecap and midcap losers today include Bank of India (83.85, -9.98%), Indian Overseas Bank (17.60, -6.38%) and Bharat Heavy Electricals Ltd. (40.40, -6.05%).
Volume Shockers
22 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included General Insurance Corporation of India (205.05, 19.98%), The New India Assurance Company Ltd. (187.70, 14.31%) and KRBL Ltd. (211.05, 8.29%).
Top high volume losers on BSE were Bank of Maharashtra (23.00, -8.37%), NMDC Ltd. (117.90, -1.75%) and Dabur India Ltd. (513.45, -1.27%).
Esab India Ltd. (1944.85, 6.23%) was trading at 100.3 times of weekly average. Raymond Ltd. (363.00, 6.37%) and India Tourism Development Corporation Ltd. (313.00, 1.05%) were trading with volumes 18.1 and 16.9 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
42 stocks took off, crossing 52 week highs,
Stocks touching their year highs included - Adani Ports & Special Economic Zone Ltd. (653.50, -1.59%), Bank of Baroda (91.75, -4.08%) and Bank of India (83.85, -9.98%).
8 stocks climbed above their 200 day SMA including Natco Pharma Ltd. (814.70, 3.07%) and Motilal Oswal Financial Services Ltd. (617.05, 1.03%). 5 stocks slipped below their 200 SMA including Biocon Ltd. (404.05, -3.82%) and Edelweiss Financial Services Ltd. (63.30, -2.09%).