Markets closed higher. Nifty 50 closed at 14735.70 (177.9, 1.2%) , BSE Sensex closed at 49858.24 (641.7, 1.3%) while the broader Nifty 500 closed at 12308.40 (134.0, 1.1%)
Market breadth is neutral. Of the 1711 stocks traded today, 857 showed gains, and 794 showed losses.
ICRA, CreditAccess Grameen, KEC International, and Procter & Gamble Hygiene & Healthcare are trading with rising delivery volumes.
Indo Count Industries is rising as the textile company announces capital expenditure plans of Rs 200 crore to expand existing capacities.
Suryoday Small Finance Bank's Rs 581 crore IPO is 1.3 times with the retail portion booked 2.4 times on the final day of the bidding process.
Kolte-Patil Developers is trading with 14 times the average weekly trading volume. Grindwell Norton, Aavas Financiers, and ICRA are trading with at least four times the average weekly trading volume.
Minda Industries' promoter group sell 15,000 shares worth Rs 84 lakh through four market sales this week.
Dilip Buildcon receives a letter of acceptance for two projects worth Rs 2,241 crore from NHAI.
Easy Trip Planners lists at Rs 206, a premium of 10% against the issue price of Rs 187 per share.
HDFC Mutual Fund cuts its stake by 2% in Just Dial selling 12.4 lakh shares via an insider trade. The local search engine's stock is down by 16% in two weeks.
Welspun Corp wins orders worth Rs 777 crore in the domestic and overseas market. The stock is trading above all its SMAs and EMAs.
Parag Parikh Mutual Fund acquires 2 lakh shares worth Rs 56 crore in rating agency ICRA through a bulk deal.
Nazara Technologies' IPO subscribed 10.6 times at the close of the second day of bidding. The loss-making company's IPO is worth Rs 532 crore with investors like Rakesh Jhunjhunwala and IIFL.
Bajaj Auto amends its dividend policy up to 90% of profit after tax (PAT) if surplus cash is over Rs 15,000 crore from 50% of PAT on a standalone basis.
Indian markets slumped today. Nifty 50 was trading at 14376.20 (-181.7, -1.3%) , BSE Sensex was trading at 48756.62 (-459.9, -0.9%) while the broader Nifty 500 was trading at 11975.80 (-198.7, -1.6%)
Market breadth is highly negative. Of the 1606 stocks traded today, 129 were in the positive territory and 1428 were negative.
Riding High:
Largecap and midcap gainers today include IDBI Bank Ltd. (37.35, 7.02%), Mahindra & Mahindra Financial Services Ltd. (215.10, 6.43%) and PI Industries Ltd. (2278.90, 5.34%).
Downers:
Largecap and midcap losers today include Rajesh Exports Ltd. (477.90, -7.30%), Power Finance Corporation Ltd. (123.50, -6.44%) and Oil India Ltd. (119.65, -6.12%).
Volume Rockets
42 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Aarti Drugs Ltd. (749.85, 9.74%), PI Industries Ltd. (2278.90, 5.34%) and NTPC Ltd. (108.50, 4.53%).
Top high volume losers on BSE were Future Consumer Ltd. (6.40, -9.86%), Westlife Development Ltd. (469.75, -6.95%) and Oil India Ltd. (119.65, -6.12%).
Honeywell Automation India Ltd. (42919.15, -4.75%) was trading at 11.2 times of weekly average. Brigade Enterprises Ltd. (249.60, -3.89%) and IIFL Finance Ltd. (301.75, -3.79%) were trading with volumes 11.1 and 10.6 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
9 stocks made 52 week highs, while 1 stock were underachiever and hit their 52 week lows.
Stocks touching their year highs included - Adani Power Ltd. (92.20, 3.31%), Cholamandalam Investment & Finance Company Ltd. (552.85, 4.78%) and Godrej Industries Ltd. (517.10, 1.76%).
Stock making new 52 weeks lows included - Future Retail Ltd. (55.90, -9.98%).
6 stocks climbed above their 200 day SMA including IDBI Bank Ltd. (37.35, 7.02%) and Reliance Industries Ltd. (2082.00, 3.63%). 18 stocks slipped below their 200 SMA including Castrol India Ltd. (118.55, -3.26%) and Sanofi India Ltd. (7745.10, -3.00%).