Trendlyne Blog: Trendlyne Marketwatch, Latest on stock market and finance in India and the world.

23 Jun 2020

Markets close higher, Hikal sees analyst enthusiasm

Markets closed upbeat - Nifty 50 closed at 10471.00 (159.8, 1.6%) , BSE Sensex closed at 35430.43 (519.1, 1.5%) while the broader Nifty 500 closed at 8621.10 (134.7, 1.6%)

Market breadth is highly positive. Of the 1644 stocks traded today, 1200 showed gains, and 412 showed losses.

Nirmal Bang - whose pharma analysis has been exceptional in the past year - goes negative on Pfizer, noting that the pandemic has hit the business hard.

Jubilant Life Sciences, which hit a fresh year high last week, is rising today and passed its second resistance.

Fitch Ratings has revised the outlook on ratings of six key PSUs, including Indian Oil Corp (IOC), NTPC and GAIL to 'negative' from 'stable', due to the downward impact of India's sovereign rating.

Hindalco says that it is exporting over 80% of its current production output as demand domestically has fallen.

Hikal Limited gets positive reviews from analysts post results, with buy calls from ICICI Securities and BP Wealth.

Paint companies are up today before results, with both Asian Paints and Berger Paints gaining.

BSE Limited, Nippon Life are among the top gainers today.

Markets are up in early trading. Nifty 50 was trading at 10359.60 (48.4, 0.5%) , BSE Sensex was trading at 35055.60 (144.3, 0.4%) while the broader Nifty 500 was trading at 8536.00 (49.6, 0.6%). Market breadth is highly positive. Of the 1521 stocks traded today, 1201 were gainers and 280 were losers.

Riding High:

Largecap and midcap gainers today include Bandhan Bank Ltd. (350.85, 12.72%), Dalmia Bharat Ltd. (665.70, 12.50%) and Trent Ltd. (657.35, 12.11%).

Downers:

Largecap and midcap losers today include Glenmark Pharmaceuticals Ltd. (485.00, -6.69%), Gujarat State Petronet Ltd. (216.55, -2.87%) and Muthoot Finance Ltd. (1128.30, -2.53%).

Volume Shockers

32 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Chennai Petroleum Corporation Ltd. (87.05, 19.99%), IRB Infrastructure Developers Ltd. (91.15, 14.01%) and Cyient Ltd. (256.20, 13.99%).

Top high volume losers on BSE were Glenmark Pharmaceuticals Ltd. (485.00, -6.69%), DB Corp Ltd. (76.30, -2.99%) and Gulf Oil Lubricants India Ltd. (634.10, -1.01%).

Mahindra CIE Automotive Ltd. (118.80, 3.80%) was trading at 62.0 times of weekly average. VRL Logistics Ltd. (168.65, 9.02%) and Gujarat Pipavav Port Ltd. (76.45, 3.66%) were trading with volumes 10.6 and 7.3 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

11 stocks took off, crossing 52 week highs,

Stocks touching their year highs included - Aurobindo Pharma Ltd. (804.30, 2.24%), FDC Ltd. (288.85, 5.86%) and Omaxe Ltd. (214.60, 0.92%).

32 stocks climbed above their 200 day SMA including IRB Infrastructure Developers Ltd. (91.15, 14.01%) and Nippon Life India Asset Management Ltd. (309.20, 8.99%). 2 stocks slipped below their 200 SMA including Persistent Systems Ltd. (616.20, 0.02%) and Pfizer Ltd. (3991.85, 0.37%).

Trendlyne Marketwatch

23 Jun 2020

The Midday Market View, Jun 23, 2020

Markets are trading up today. Nifty 50 was trading at 10418.25 (107.1, 1.0%) , BSE Sensex was trading at 35243.51 (332.2, 1.0%) while the broader Nifty 500 was trading at 8583.95 (1.15%).

Market breadth is overwhelmingly positive. Of the 1627 stocks traded today, 1193 were gainers and 391 were losers.

Riding High:

Largecap and midcap gainers today include Nippon Life India Asset Management Ltd. (309.15, 8.97%), Aditya Birla Capital Ltd. (63.00, 8.71%) and Union Bank of India (35.30, 7.62%).

Downers:

Largecap and midcap losers today include Glenmark Pharmaceuticals Ltd. (487.85, -6.14%), Cholamandalam Investment & Finance Company Ltd. (199.10, -2.74%) and Muthoot Finance Ltd. (1129.90, -2.39%).

Volume Shockers

11 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Just Dial Ltd. (396.90, 9.25%), VRL Logistics Ltd. (169.00, 9.24%) and Nippon Life India Asset Management Ltd. (309.15, 8.97%).

Mahindra CIE Automotive Ltd. (119.60, 4.50%) was trading at 58.6 times of weekly average. Gujarat Pipavav Port Ltd. (74.55, 1.08%) and Balmer Lawrie & Company Ltd. (117.85, 4.25%) were trading with volumes 5.6 and 5.4 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

10 stocks took off, crossing 52 week highs,

Stocks touching their year highs included - Aurobindo Pharma Ltd. (808.95, 2.83%), FDC Ltd. (287.35, 5.31%) and Omaxe Ltd. (214.75, 0.99%).

28 stocks climbed above their 200 day SMA including IRB Infrastructure Developers Ltd. (93.25, 16.64%) and Nippon Life India Asset Management Ltd. (309.15, 8.97%). 2 stocks slipped below their 200 SMA including Persistent Systems Ltd. (616.50, 0.06%) and Pfizer Ltd. (3995.05, 0.45%).

Trendlyne Marketwatch

22 Jun 2020

Markets close higher, Singapore government buys ICICI PruLife shares

The Government of Singapore buys over 16.4 million shares of ICICI Prudential Life in a bulk deal on the NSE.

Markets closed up today. Nifty 50 closed at 10311.20 (66.8, 0.7%) , BSE Sensex closed at 34911.32 (179.6, 0.5%) while the broader Nifty 500 closed at 8486.45 (83.1, 1.0%). Market breadth is highly positive. Of the 1660 stocks traded today, 1142 showed gains, and 468 showed losses.

The Reserve Bank of India has restrained YES Bank from paying interest (coupon) on the Tier II bonds, noting that the bank's capital adequacy ratio was below regulatory requirements.

A "healthy ANDA pipeline and strong domestic formulations" has Motilal Oswal upbeat on Cadila Healthcare, with a BUY rating.

ICICI Bank is rising today. The bank has successfully raised Rs. 3,090 crores via recent stake sales in its life insurance and general insurance businesses.

ONGC is down today after the company paused operations at two rigs following 54 employees testing positive for COVID-19, and one dying of the disease.

Glenmark and Cipla are among the top gainers today after winning approvals from the DCGI to manufacture and market generic COVID-19 drug Remdesivir. Remdesivir has been identified to treat mild to moderate cases of COVID-19.

Markets rise on early trading, Nifty 50 was trading at 10350.35 (106.0, 1.0%) , BSE Sensex was trading at 35131.69 (400.0, 1.2%) while the broader Nifty 500 was trading at 8497.35 (94.0, 1.1%). Market breadth is highly positive. Of the 1547 stocks traded today, 1217 were on the uptrend, and 278 went down.

Riding High:

Largecap and midcap gainers today include Glenmark Pharmaceuticals Ltd. (519.75, 26.97%), Indiabulls Housing Finance Ltd. (242.20, 19.08%) and Vodafone Idea Ltd. (10.10, 10.38%).

Downers:

Largecap and midcap losers today include LIC Housing Finance Ltd. (268.55, -5.69%), L&T; Technology Services Ltd. (1299.70, -3.23%) and Varun Beverages Ltd. (708.30, -3.23%).

Volume Rockets

36 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Glenmark Pharmaceuticals Ltd. (519.75, 26.97%), PTC India Ltd. (46.95, 15.07%) and Indian Bank (64.35, 14.50%).

Top high volume loser on BSE was Indostar Capital Finance Ltd. (285.00, -0.28%).

Lakshmi Machine Works Ltd. (2976.10, 12.24%) was trading at 24.9 times of weekly average. Vardhman Textiles Ltd. (673.80, 0.07%) and Cipla Ltd. (655.95, 3.10%) were trading with volumes 15.6 and 8.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

15 stocks hit their 52 week highs,

Stocks touching their year highs included - Alembic Pharmaceuticals Ltd. (937.60, -0.94%), Bayer Cropscience Ltd. (5846.25, -2.40%) and Cipla Ltd. (655.95, 3.10%).

32 stocks climbed above their 200 day SMA including Indiabulls Housing Finance Ltd. (242.20, 19.08%) and Sun Pharma Advanced Research Company Ltd. (164.45, 12.87%). 5 stocks slipped below their 200 SMA including ICICI Lombard General Insurance Company Ltd. (1271.60, 0.11%) and The New India Assurance Company Ltd. (124.45, 0.20%).

Trendlyne Marketwatch

22 Jun 2020

The Midday Market View, Jun 22, 2020

Markets are trading up today. Nifty 50 was trading at 10348.90 (104.5, 1.0%) , BSE Sensex was trading at 35041.69 (310.0, 0.9%) while the broader Nifty 500 was trading at 8507.65 (1.24%).

Market breadth is surging up. Of the 1641 stocks traded today, 1174 were on the uptrend, and 422 went down.

Riding High:

Largecap and midcap gainers today include Glenmark Pharmaceuticals Ltd. (537.80, 31.38%), Indiabulls Housing Finance Ltd. (247.75, 21.80%) and RBL Bank Ltd. (186.55, 10.45%).

Downers:

Largecap and midcap losers today include LIC Housing Finance Ltd. (268.75, -5.62%), Varun Beverages Ltd. (713.00, -2.59%) and The Ramco Cements Ltd. (628.15, -2.57%).

Movers and Shakers

13 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Glenmark Pharmaceuticals Ltd. (537.80, 31.38%), PTC India Ltd. (47.10, 15.44%) and Finolex Cables Ltd. (309.85, 14.78%).

Lakshmi Machine Works Ltd. (2767.95, 4.39%) was trading at 17.7 times of weekly average. Vardhman Textiles Ltd. (674.85, 0.22%) and Cipla Ltd. (662.60, 4.15%) were trading with volumes 13.9 and 7.1 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

15 stocks overperformed with 52 week highs,

Stocks touching their year highs included - Alembic Pharmaceuticals Ltd. (968.50, 2.32%), Bayer Cropscience Ltd. (5926.00, -1.07%) and Cipla Ltd. (662.60, 4.15%).

27 stocks climbed above their 200 day SMA including Indiabulls Housing Finance Ltd. (247.75, 21.80%) and IRB Infrastructure Developers Ltd. (81.20, 14.37%). 6 stocks slipped below their 200 SMA including AIA Engineering Ltd. (1604.90, -0.60%) and Whirlpool of India Ltd. (2046.00, 0.07%).

Trendlyne Marketwatch

19 Jun 2020

Markets close upbeat, RIL jumps to become a $150 billion firm

Markets rose in today's trading. Nifty 50 closed at 10254.05 (162.4, 1.6%) , BSE Sensex closed at 34731.73 (523.7, 1.5%) while the broader Nifty 500 closed at 8410.35 (126.7, 1.5%)

Market breadth is surging up. Of the 1633 stocks traded today, 1128 were on the uptick, and 475 were down.

Edelweiss takes a detailed, close look at the chemical sector in India, including companies like Aarti Industries, Balaji Amines and Pi Industries.

Ramco Cements is up today despite reporting a YoY net profit decline in its march quarter.

The promoter of TAKE Solutions has sold off over 6 million shares in the market via insider/SAST trades.

TCS is rising on high volumes today. Other volume shockers include Thermax and Tube Investments.

Reliance Industries has hit another high in share price today after chairman Mukesh Ambani announced the company has become net debt-free, after it raised Rs 1,68,818 crore in an astonishing 58 days, clinching 11 deals with various investors. With its share price increase today, Reliance hits the 11 trillion market cap mark - a $150 billion capitalization.

Markets are up in morning trade. Nifty 50 was trading at 10159.65 (68, 0.7%) , BSE Sensex was trading at 34229.22 (21.2, 0.1%) while the broader Nifty 500 was trading at 8348.25 (64.6, 0.8%). Market breadth is surging up. Of the 1476 stocks traded today, 1171 were in the positive territory and 257 were negative.

Riding High:

Largecap and midcap gainers today include Indiabulls Housing Finance Ltd. (203.40, 31.10%), Piramal Enterprises Ltd. (1163.00, 11.84%) and Cholamandalam Investment & Finance Company Ltd. (196.80, 10.56%).

Downers:

Largecap and midcap losers today include City Union Bank Ltd. (127.10, -7.09%), Vodafone Idea Ltd. (9.15, -6.15%) and Oracle Financial Services Software Ltd. (2591.85, -5.29%).

Volume Rockets

56 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Indiabulls Housing Finance Ltd. (203.40, 31.10%), Jai Corp Ltd. (89.60, 16.36%) and KPR Mill Ltd. (508.60, 14.34%).

Top high volume losers on BSE were City Union Bank Ltd. (127.10, -7.09%), Bajaj Consumer Care Ltd. (148.60, -2.43%) and Dr. Lal Pathlabs Ltd. (1527.95, -1.74%).

ICICI Lombard General Insurance Company Ltd. (1270.15, -0.44%) was trading at 29.8 times of weekly average. Hawkins Cookers Ltd. (4010.00, -1.41%) and Carborundum Universal Ltd. (265.00, 8.96%) were trading with volumes 17.8 and 12.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

13 stocks made 52 week highs, while 1 stock tanked below their 52 week lows.

Stocks touching their year highs included - Alembic Pharmaceuticals Ltd. (946.50, 4.22%), Bayer Cropscience Ltd. (5989.90, 3.43%) and Coromandel International Ltd. (720.00, -2.75%).

Stock making new 52 weeks lows included - Rajesh Exports Ltd. (467.90, -0.82%).

36 stocks climbed above their 200 day SMA including Jai Corp Ltd. (89.60, 16.36%) and Bombay Dyeing & Manufacturing Company Ltd. (71.55, 13.39%). 8 stocks slipped below their 200 SMA including Oracle Financial Services Software Ltd. (2591.85, -5.29%) and The New India Assurance Company Ltd. (124.20, -3.46%).

Trendlyne Marketwatch

19 Jun 2020

The Midday Market View, Jun 19, 2020

The market is trading on an upbeat note. Nifty 50 was trading at 10169.15 (77.5, 0.8%) , BSE Sensex was trading at 34510.63 (302.6, 0.9%) while the broader Nifty 500 was trading at 8352.85 (0.84%).

Market breadth is surging up. Of the 1612 stocks traded today, 1147 were on the uptrend, and 428 went down.

Riding High:

Largecap and midcap gainers today include Indiabulls Housing Finance Ltd. (172.85, 11.41%), Piramal Enterprises Ltd. (1143.55, 9.97%) and Cholamandalam Investment & Finance Company Ltd. (191.80, 7.75%).

Downers:

Largecap and midcap losers today include City Union Bank Ltd. (127.00, -7.16%), Coromandel International Ltd. (716.00, -3.29%) and Vodafone Idea Ltd. (9.45, -3.08%).

Volume Shockers

21 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Jindal Stainless Ltd. (40.00, 10.19%), Jai Corp Ltd. (84.45, 9.68%) and Jindal Stainless (Hisar) Ltd. (67.05, 8.41%).

Top high volume losers on BSE were City Union Bank Ltd. (127.00, -7.16%), Dr. Lal Pathlabs Ltd. (1520.90, -2.19%) and Intellect Design Arena Ltd. (114.95, -1.42%).

ICICI Lombard General Insurance Company Ltd. (1260.60, -1.18%) was trading at 28.0 times of weekly average. Hawkins Cookers Ltd. (4010.00, -1.41%) and Thermax Ltd. (754.35, 3.72%) were trading with volumes 14.5 and 9.9 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

10 stocks made 52 week highs,

Stocks touching their year highs included - Coromandel International Ltd. (716.00, -3.29%), EID Parry (India) Ltd. (247.00, 4.00%) and Muthoot Finance Ltd. (1208.35, 2.77%).

30 stocks climbed above their 200 day SMA including Jindal Stainless Ltd. (40.00, 10.19%) and Reliance Infrastructure Ltd. (26.40, 10.00%). 5 stocks slipped below their 200 SMA including Whirlpool of India Ltd. (2070.00, -2.04%) and Wockhardt Ltd. (263.65, -1.38%).

Trendlyne Marketwatch

18 Jun 2020

Markets close higher, Vaibhav Global, MuthootFin hit year highs

Markets closed higher. Nifty 50 closed at 10091.65 (210.5, 2.1%) , BSE Sensex closed at 34208.05 (700.1, 2.1%) while the broader Nifty 500 closed at 8283.65 (143.2, 1.8%)

Market breadth is overwhelmingly positive. Of the 1634 stocks traded today, 1240 were gainers and 350 were losers.

Ashoka Buildcon gets buy calls from HDFCSec and Nirmal Bang Institutional, a hold from ICICI Securities.

Vaibhav Global, Muthoot Finance hit fresh year highs today.

Markets are volatile in early trading, although breadth is positive. Nifty 50 was trading at 9889.15 (8, 0.1%) , BSE Sensex was trading at 33482.00 (-25.9, -0.1%) while the broader Nifty 500 was trading at 8157.75 (17.3, 0.2%). Market breadth is overwhelmingly positive. Of the 1471 stocks traded today, 1032 were on the uptrend, and 387 went down.

Riding High:

Largecap and midcap gainers today include Muthoot Finance Ltd. (1175.80, 17.62%), Bharat Heavy Electricals Ltd. (31.75, 15.66%) and Bajaj Finserv Ltd. (5427.55, 7.75%).

Downers:

Largecap and midcap losers today include Indraprastha Gas Ltd. (449.65, -5.17%), ICICI Lombard General Insurance Company Ltd. (1275.70, -4.40%) and Cummins India Ltd. (369.65, -4.21%).

Movers and Shakers

32 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Nava Bharat Ventures Ltd. (45.90, 20.00%), ITD Cementation India Ltd. (50.80, 19.95%) and ITI Ltd. (108.60, 19.93%).

Top high volume loser on BSE was Sheela Foam Ltd. (1440.35, -1.44%).

Somany Ceramics Ltd. (135.90, 19.05%) was trading at 15.1 times of weekly average. Time Technoplast Ltd. (40.75, 10.14%) and Ircon International Ltd. (92.30, 8.84%) were trading with volumes 12.3 and 8.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

12 stocks took off, crossing 52 week highs,

Stocks touching their year highs included - Biocon Ltd. (393.85, -0.57%), Coromandel International Ltd. (740.35, 2.60%) and Dhanuka Agritech Ltd. (780.15, 1.10%).

26 stocks climbed above their 200 day SMA including Shankara Building Products Ltd. (380.20, 19.99%) and ITD Cementation India Ltd. (50.80, 19.95%). 5 stocks slipped below their 200 SMA including Pidilite Industries Ltd. (1391.15, -2.86%) and Star Cement Ltd. (85.60, -0.75%).?

Trendlyne Marketwatch

18 Jun 2020

The Midday Market View, Jun 18, 2020

Markets are trading high. Nifty 50 was trading at 9976.55 (95.4, 1.0%) , BSE Sensex was trading at 33808.75 (300.8, 0.9%) while the broader Nifty 500 was trading at 8209.55 (0.85%).

Market breadth is overwhelmingly positive. Of the 1615 stocks traded today, 1192 were on the uptick, and 374 were down.

Riding High:

Largecap and midcap gainers today include Muthoot Finance Ltd. (1132.20, 13.26%), Bharat Heavy Electricals Ltd. (30.75, 12.02%) and Coal India Ltd. (137.05, 5.87%).

Downers:

Largecap and midcap losers today include Indraprastha Gas Ltd. (451.75, -4.72%), ICICI Lombard General Insurance Company Ltd. (1277.40, -4.27%) and Cummins India Ltd. (370.20, -4.07%).

Volume Shockers

13 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included ITD Cementation India Ltd. (50.80, 19.95%), Nava Bharat Ventures Ltd. (44.90, 17.39%) and Somany Ceramics Ltd. (133.80, 17.21%).

Top high volume loser on BSE was Sheela Foam Ltd. (1440.00, -1.46%).

Time Technoplast Ltd. (42.00, 13.51%) was trading at 10.6 times of weekly average. ITI Ltd. (105.75, 16.79%) and GIC Housing Finance Ltd. (91.70, 9.49%) were trading with volumes 9.1 and 6.3 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

11 stocks overperformed with 52 week highs,

Stocks touching their year highs included - Biocon Ltd. (395.00, -0.28%), Coromandel International Ltd. (743.60, 3.05%) and Dhanuka Agritech Ltd. (789.45, 2.31%).

22 stocks climbed above their 200 day SMA including ITD Cementation India Ltd. (50.80, 19.95%) and Shankara Building Products Ltd. (374.80, 18.29%). 4 stocks slipped below their 200 SMA including Pidilite Industries Ltd. (1387.80, -3.10%) and Bank of Maharashtra (10.75, -0.46%).

Trendlyne Marketwatch

17 Jun 2020

Markets close lower, Facebook's investment in Reliance Jio under review

Facebook's investment for a 10% stake in Reliance Jio is under review by the Competition Commission of India. The antitrust watchdog is looking into the deal from a data sharing and misuse perspective, and whether the deal hurts competition.

Nifty 50 closed at 9876.85 (-37.2, -0.4%) , BSE Sensex closed at 33507.92 (-97.3, -0.3%) while the broader Nifty 500 closed at 8136.45 (-15.9, -0.2%). Market breadth is in the green. Of the 1636 stocks traded today, 882 showed gains, and 706 showed losses.

Motilal Oswal is a buy on Tata Motors, while revising FY21 and FY22 EBITDA estimates downward for the company.

Torrent Pharmaceuticals is rising sharply today, past second resistance and above the average broker target.

Natco Pharma is lower today after the company reported weaker than expected Q4 results, with net profit declining by double digit percentages.

HDFC Securities is a buy on Mastek, citing strong organic growth and UK traction.

TV18, Adani Green, Kaveri Seed among stocks seeing fresh 52 week highs today.

YES Bank is reportedly planning a $1 billion share sale via a public offering. More details are being awaited from the bank.

Markets opened lower in early trading before recovering. Nifty 50 was trading at 9926.70 (12.7, 0.1%) , BSE Sensex was trading at 33626.85 (21.6, 0.1%) while the broader Nifty 500 was trading at 8178.15 (25.9, 0.3%). Market breadth is in the green. Of the 1497 stocks traded today, 933 showed gains, and 491 showed losses.

Riding High:

Largecap and midcap gainers today include Cholamandalam Investment & Finance Company Ltd. (168.20, 8.20%), Coromandel International Ltd. (721.60, 6.53%) and Motherson Sumi Systems Ltd. (97.15, 5.77%).

Downers:

Largecap and midcap losers today include HDFC Asset Management Company Ltd. (2415.95, -4.88%), Bharti Infratel Ltd. (206.25, -4.51%) and Future Retail Ltd. (101.30, -4.43%).

Crowd Puller Stocks

37 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included GIC Housing Finance Ltd. (83.75, 19.99%), Navneet Education Ltd. (79.90, 16.13%) and Orient Cement Ltd. (69.55, 14.20%).

Top high volume losers on BSE were HDFC Asset Management Company Ltd. (2415.95, -4.88%), Hawkins Cookers Ltd. (4030.00, -1.74%) and Kajaria Ceramics Ltd. (352.30, -1.69%).

Linde India Ltd. (582.70, 4.19%) was trading at 21.2 times of weekly average. eClerx Services Ltd. (426.00, 0.14%) and Great Eastern Shipping Company Ltd. (213.10, 0.02%) were trading with volumes 19.0 and 16.0 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

10 stocks made 52 week highs,

Stocks touching their year highs included - Bayer Cropscience Ltd. (5930.35, 3.94%), Coromandel International Ltd. (721.60, 6.53%) and Dhanuka Agritech Ltd. (771.65, 4.38%).

16 stocks climbed above their 200 day SMA including Orient Cement Ltd. (69.55, 14.20%) and ITI Ltd. (90.55, 10.70%). 8 stocks slipped below their 200 SMA including Bank of Maharashtra (10.80, -4.85%) and Gujarat Pipavav Port Ltd. (74.20, -3.07%).

Trendlyne Marketwatch

17 Jun 2020

The Midday Market View, Jun 17, 2020

Upbeat trading today. Nifty 50 was trading at 9980.80 (66.8, 0.7%) , BSE Sensex was trading at 33866.45 (261.2, 0.8%) while the broader Nifty 500 was trading at 8208.50 (0.69%).

Market breadth is in the green. Of the 1616 stocks traded today, 1023 were gainers and 544 were losers.

Riding High:

Largecap and midcap gainers today include Cholamandalam Investment & Finance Company Ltd. (168.10, 8.14%), Coromandel International Ltd. (718.25, 6.04%) and Motherson Sumi Systems Ltd. (97.25, 5.88%).

Downers:

Largecap and midcap losers today include HDFC Asset Management Company Ltd. (2444.00, -3.78%), Oil India Ltd. (98.55, -2.67%) and Future Retail Ltd. (103.20, -2.64%).

Volume Shockers

15 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Orient Cement Ltd. (68.50, 12.48%), Zensar Technologies Ltd. (148.65, 8.46%) and Orient Refractories Ltd. (162.95, 8.09%).

Top high volume losers on BSE were HDFC Asset Management Company Ltd. (2444.00, -3.78%), Kajaria Ceramics Ltd. (353.45, -1.37%) and Hindustan Aeronautics Ltd. (705.80, -1.00%).

Linde India Ltd. (592.00, 5.86%) was trading at 17.4 times of weekly average. ITI Ltd. (85.80, 4.89%) and Navin Fluorine International Ltd. (1605.00, 2.85%) were trading with volumes 6.9 and 5.9 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

9 stocks hit their 52 week highs,

Stocks touching their year highs included - Bayer Cropscience Ltd. (5978.60, 4.79%), Coromandel International Ltd. (718.25, 6.04%) and Dhanuka Agritech Ltd. (784.25, 6.09%).

14 stocks climbed above their 200 day SMA including Orient Cement Ltd. (68.50, 12.48%) and Zensar Technologies Ltd. (148.65, 8.46%). 6 stocks slipped below their 200 SMA including Bank of Maharashtra (10.95, -3.52%) and Gujarat Pipavav Port Ltd. (74.40, -2.81%).