Markets rose in today's trading. Nifty 50 closed at 14889.50 (99.6, 0.7%) , BSE Sensex closed at 50614.29 (358.5, 0.7%) while the broader Nifty 500 closed at 12285.05 (111, 0.9%)
Market breadth is in the green. Of the 1685 stocks traded today, 1043 showed gains, and 576 showed losses.
Tasty Bite Eatables, Procter & Gamble Hygiene & Healthcare, and Thermax are trading in the green with 10 times the average weekly trading volume.
ICICI Prudential Mutual Fund cuts its stake in KNR Constructions by 0.3% disposing 4.7 lakh shares via a market sale.
Bajaj Finance, IndiaMART InterMESH, and Procter & Gamble Hygiene & Healthcare hit lifetime highs, PTC India and Thermax hit new 52-week highs.
Godrej Properties reports net profit for Q3 at Rs 14 crore, a 70% fall on a YoY basis with a total income of Rs 306 crore, down 38% YoY. Its board approves a Rs 3,750 crore fundraise through equity and debt.
HCL Technologies signs a 5-year deal with Airbus to establish a digital workspace for the aircraft manufacturer's employees.
Astral Poly Technik reports net profits for the December 2020 quarter at Rs 123.2 crore, an 82% rise YoY with total sales of Rs 897.5 crore, a rise of 35% YoY.
Jubilant Foodworks, the master franchisee of Domino's Pizza and Dunkin' Donuts, reports a 22% YoY rise in net profit to Rs 124 crore, with revenue of Rs 1,069 crore. Delivery and takeaway sales grew by 18% and 64% YoY.
Adani Enterprises reports a 10.3% YoY decline in Q3 net profits to Rs 343 crore, and a total income of Rs 11,787 crore, a rise of 6.4% YoY.
Axis Direct's top picks in the automobile industry are Endurance Technologies and Steel Strip Wheels owing to strong growth in bookings.
Bharti Airtel reports a net profit of Rs 854 crore in Q3, against a net loss of Rs 1,035 crore in the year-ago period. The telecom company's average revenue per user rose by 2.4% on a QoQ basis.
Nifty 50 was trading at 14776.75 (-13.2, -0.1%) , BSE Sensex was trading at 50062.89 (-192.9, -0.4%) while the broader Nifty 500 was trading at 12187.25 (13.2, 0.1%)
Market breadth is ticking up strongly. Of the 1542 stocks traded today, 1061 were in the positive territory and 404 were negative.
Riding High:
Largecap and midcap gainers today include Thermax Ltd. (1206.75, 18.96%), Procter & Gamble Hygiene & Healthcare Ltd. (12292.85, 8.21%) and Jubilant Foodworks Ltd. (2825.20, 6.78%).
Downers:
Largecap and midcap losers today include Whirlpool of India Ltd. (2445.25, -5.19%), City Union Bank Ltd. (175.85, -3.67%) and Godrej Properties Ltd. (1340.35, -3.50%).
Movers and Shakers
33 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Thermax Ltd. (1206.75, 18.96%), Indian Bank (118.75, 16.48%) and TeamLease Services Ltd. (3141.80, 15.53%).
Top high volume losers on BSE were Whirlpool of India Ltd. (2445.25, -5.19%), Sheela Foam Ltd. (2036.80, -1.52%) and Caplin Point Laboratories Ltd. (481.60, -0.81%).
TTK Prestige Ltd. (6150.00, 2.40%) was trading at 30.6 times of weekly average. Tasty Bite Eatables Ltd. (13062.35, 11.03%) and Procter & Gamble Hygiene & Healthcare Ltd. (12292.85, 8.21%) were trading with volumes 23.6 and 14.4 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
62 stocks took off, crossing 52 week highs,
Stocks touching their year highs included - Adani Ports & Special Economic Zone Ltd. (568.40, 1.48%), Adani Transmission Ltd. (516.20, 2.28%) and Apollo Tyres Ltd. (243.85, 7.21%).
10 stocks climbed above their 200 day SMA including TV18 Broadcast Ltd. (30.65, 6.06%) and FDC Ltd. (305.15, 3.67%). 3 stocks slipped below their 200 SMA including Alembic Pharmaceuticals Ltd. (945.20, -1.39%) and Reliance Industries Ltd. (1924.30, -0.33%).