Indian markets slumped today. Nifty 50 closed at 14564.95 (-249.8, -1.7%) , BSE Sensex closed at 49180.31 (-871.1, -1.7%) while the broader Nifty 500 closed at 12209.30 (-208, -1.7%)
Market breadth is overwhelmingly negative. Of the 1714 stocks traded today, 371 were on the uptick, and 1280 were down.
Adani Green Energy will acquire Sterling and Wilson's special purpose vehicles which operate solar assets in Telangana for Rs 446 crore.
Barbeque Nation Hospitality's Rs 452 crore IPO is subscribed 60% with the retail portion booked 3.2 times on day one of the bidding process.
ICICI Securities in a report on the sugar industry maintains a 'Buy' on Dhampur Sugar, Dalmia Bharat Sugar, Triveni Engineering, and Balrampur Chini Mills.
The promoter group of Aarti Industries disposes 10,000 shares worth Rs 1.2 crore in two market sales.
Nifty Financial Services is trading lower pulled down by losses in REC, State Bank of India, Axis Bank and ICICI Bank.
Rossari Biotech's board approves the issuance of 30 lakh equity shares worth Rs 300 crore on a preferential basis.
India Grid Trust's board approves a fundraise of Rs 1,284 crore via a rights issue. The infrastructure investment trust's stock is up by 14% since the year began.
Anupam Rasayan India lists at Rs 520 per share, a discount of 6% against the issue price of Rs 555 per share.
The government announces its intention to divest a 15% stake for Rs 750 crore in Railway-PSU Rail Vikas Nigam via an offer for sale.
Two-wheeler market leader Hero MotoCorpannounces an increase to the ex-showroom price of its two-wheelers from April 1.
Barbeque Nation Hospitality raises Rs 202 crore at Rs 500 per share from 15 anchor investors ahead of its Rs 450 crore IPO.
Nifty 50 was trading at 14721.75 (-93, -0.6%) , BSE Sensex was trading at 49809.89 (-241.6, -0.5%) while the broader Nifty 500 was trading at 12362.80 (-54.5, -0.4%)
Market breadth is neutral. Of the 1588 stocks traded today, 716 were on the uptrend, and 775 went down.
Riding High:
Largecap and midcap gainers today include Gujarat State Petronet Ltd. (269.65, 3.75%), Adani Total Gas Ltd. (927.00, 3.56%) and Adani Power Ltd. (105.00, 3.35%).
Downers:
Largecap and midcap losers today include Bank of India (71.20, -5.32%), Astral Poly Technik Ltd. (1584.00, -5.01%) and Aditya Birla Capital Ltd. (116.65, -4.93%).
Crowd Puller Stocks
13 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Bank of Maharashtra (21.95, 4.77%), KPIT Technologies Ltd. (171.80, 3.31%) and Birla Corporation Ltd. (875.90, 3.12%).
Top high volume losers on BSE were Rail Vikas Nigam Ltd. (27.65, -9.20%), Indoco Remedies Ltd. (281.00, -4.50%) and Omaxe Ltd. (69.10, -1.07%).
Aarti Industries Ltd. (1324.90, 2.81%) was trading at 13.8 times of weekly average. Relaxo Footwears Ltd. (873.00, 0.30%) and Mahindra Holidays & Resorts India Ltd. (216.65, 0.39%) were trading with volumes 5.4 and 3.9 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
16 stocks made 52 week highs,
Stocks touching their year highs included - 3M India Ltd. (28102.00, 0.32%), Adani Power Ltd. (105.00, 3.35%) and Adani Transmission Ltd. (871.10, 2.78%).
2 stocks climbed above their 200 day SMA including Aurobindo Pharma Ltd. (856.80, 1.26%) and Thyrocare Technologies Ltd. (868.00, 0.20%). 8 stocks slipped below their 200 SMA including Vodafone Idea Ltd. (9.75, -3.47%) and IRB Infrastructure Developers Ltd. (106.75, -3.13%).