Nifty 50 closed at 14700.80 (63, 0.4%) , BSE Sensex closed at 49201.39 (42.1, 0.1%) while the broader Nifty 500 closed at 12371.55 (73.0, 0.6%)
Market breadth is in the green. Of the 1728 stocks traded today, 1048 showed gains, and 650 showed losses.
Sobha rallies 12% as it achieves record sales volume of 40 lakh square feet valued at Rs 3,137 crore in FY21.
Vinati Organics is rising backed by it's previous day's at 88% delivery volume and is trading above it's previous day's high.
Nifty Metal is rallying, led by strong gains in Adani Enterprises, JSW Steel, Welspun Corp, and National Aluminium Company.
Ingersoll-Rand is trading with 16 times the average weekly trading volume. Sobha, Supreme Petrochem, and Ratnamani Metals & Tubes are trading with more than six times the average weekly trading volume.
Bajaj Finance reports a 4% YoY growth in its assets under management to Rs 1.5 lakh crore in Q4FY21 with deposits increasing by 20.4% YoY to Rs 25,800 crore.
HDFC Securities downgrades its rating on two-wheeler market leader Hero MotoCorp to "Add" expecting its lower than industry growth to continue as two-wheeler demand remains tepid.
Automobile manufacturer Escorts stock crosses its 200-day moving average as it records a 24% YoY growth in tractor sales for March push FY21 sales volumes over the one lakh mark.
IRCON International is rising as the railway PSU's board approves a bonus issue of 1:1 with the record date yet to be set.
Vanguard Fund, HDFC Trustee, and the Government of Singapore cut their stake in private sector lender Axis Bank in Q4FY21.
Jindal Steel & Power hits a 52-week high as the steek maker reports a 34% YoY rise in steel output to 2.1 million tonnes (MT) for Q4FY21 with sales growing by 37% YoY to 1.9 MT.
Adani Ports & Special Economic Zone acquires the remaining 25% stake in Krishnapatnam Port for Rs 2,800 crore from Vishwa Samudra Holdings.
Markets rise on early trading, Nifty 50 was trading at 14701.80 (64, 0.4%) , BSE Sensex was trading at 49517.42 (358.1, 0.7%) while the broader Nifty 500 was trading at 12363.35 (64.8, 0.5%)
Market breadth is surging up. Of the 1605 stocks traded today, 1158 were gainers and 396 were losers.
Riding High:
Largecap and midcap gainers today include Adani Ports & Special Economic Zone Ltd. (850.30, 14.56%), SRF Ltd. (6108.00, 8.06%) and Adani Enterprises Ltd. (1223.00, 7.45%).
Downers:
Largecap and midcap losers today include Astral Poly Technik Ltd. (1557.90, -4.81%), Trent Ltd. (702.45, -3.70%) and United Breweries Ltd. (1113.40, -3.19%).
Volume Rockets
19 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included HEG Ltd. (1844.85, 19.96%), Sobha Ltd. (508.00, 17.78%) and Adani Ports & Special Economic Zone Ltd. (850.30, 14.56%).
Top high volume losers on BSE were Mahindra Logistics Ltd. (541.00, -1.62%) and Tube Investments of India Ltd. (1148.00, -0.94%).
Orient Refractories Ltd. (257.80, 7.55%) was trading at 9.8 times of weekly average. Ratnamani Metals & Tubes Ltd. (2023.40, 0.21%) and Gujarat Pipavav Port Ltd. (103.80, 6.46%) were trading with volumes 7.1 and 6.1 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
30 stocks took off, crossing 52 week highs,
Stocks touching their year highs included - Adani Ports & Special Economic Zone Ltd. (850.30, 14.56%), Adani Transmission Ltd. (1110.85, 1.43%) and Atul Ltd. (7490.00, -0.28%).
9 stocks climbed above their 200 day SMA including RBL Bank Ltd. (212.30, 2.93%) and Sunteck Realty Ltd. (283.25, 2.76%). 9 stocks slipped below their 200 SMA including Swan Energy Ltd. (135.50, -1.02%) and Escorts Ltd. (1225.00, -0.84%).