An experimental vaccine from US biotech company Moderna has shown an immune-system response in patients receiving an experimental dose. While this was an initial, small study, the results are promising, the company reported, and showed no dangerous side effects. The data “couldn’t have been better", Stephane Bancel, CEO of the company said.
Rakesh Jhunjhunwala stock Delta Corp announces results showing a revenue decline of 19.3% YoY in the March quarter, while net profit grew 171% YoY.
The Government of Singapore buys 1.96 million shares of Au Small Finance Bank in a bulk deal on the NSE.
The global parent arm of United Spirits, Diageo Plc, is reportedly considering delisting its Indian entity through a buyout of minority shareholders. The company resumed operations in the majority of its facilities post lockdown, since early May.
Markets ended lower today as the government's stimulus package failed to excite investors and businesses. Nifty 50 closed at 8823.25 (-313.6, -3.4%) , BSE Sensex closed at 30028.98 (-1068.8, -3.4%) while the broader Nifty 500 closed at 7245.25 (-258.8, -3.5%). Market breadth is sharply down. Of the 1636 stocks traded today, 257 were on the uptrend, and 1311 went down.
Dr. Lal Pathlabs announced net profit decline and marginal revenue growth in its March quarter results today.
Stock screener: Oversold stocks by Money Flow Index (MFI) in Nifty500 include Hindustan Unilever and Sundaram Clayton.
CDSL reported results today showing a decline in net profits and operating profits, and a revenue growth of 18.5% YoY.
Reliance Industries is one of the few bigwigs up today, after the company sold 1.34% of its Jio Platform stake to General Atlantic.
KNR Construction is up today after winning deals with the Telangana government. The company has received two work orders worth Rs 2,309.23 crore.
The move towards commercial mining by the government and permit for entry of private players has hit Coal India's share price today.
While recovery predictions vary across countries, one signal - oil price - is going up as economies reopen with Brent crude now at $33.5 per barrel.
Markets are lower in early trading. Nifty 50 was trading at 9035.60 (-101.3, -1.1%) , BSE Sensex was trading at 30607.37 (-490.4, -1.6%) while the broader Nifty 500 was trading at 7424.55 (-79.5, -1.1%). Market breadth is in the red. Of the 1471 stocks traded today, 494 were on the uptrend, and 890 went down.
Riding High:
Largecap and midcap gainers today include Cipla Ltd. (600.45, 5.29%), L&T Technology Services Ltd. (1107.65, 3.67%) and MindTree Ltd. (879.55, 3.22%).
Downers:
Largecap and midcap losers today include Mahindra & Mahindra Financial Services Ltd. (137.80, -18.20%), Cholamandalam Investment & Finance Company Ltd. (125.00, -16.30%) and LIC Housing Finance Ltd. (220.15, -13.29%).
Crowd Puller Stocks
28 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included WABCO India Ltd. (6810.60, 9.63%), Hindustan Aeronautics Ltd. (547.50, 4.66%) and India Cements Ltd. (117.95, 3.19%).
Top high volume losers on BSE were Inox Leisure Ltd. (165.15, -14.50%), Chalet Hotels Ltd. (109.40, -13.42%) and PVR Ltd. (745.85, -12.59%).
Heritage Foods Ltd. (235.00, -2.59%) was trading at 9.9 times of weekly average. Phoenix Mills Ltd. (484.40, -7.70%) and Mishra Dhatu Nigam Ltd. (207.35, -1.00%) were trading with volumes 8.8 and 7.3 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
2 stocks hit their 52 week highs, while 30 stocks hit their 52 week lows.
Stocks touching their year highs included - Alembic Pharmaceuticals Ltd. (881.50, 0.96%) and India Cements Ltd. (117.95, 3.19%).
Stocks making new 52 weeks lows included - Bank of Baroda (38.60, -7.21%) and Chennai Petroleum Corporation Ltd. (53.95, -2.44%).
6 stocks climbed above their 200 day SMA including WABCO India Ltd. (6810.60, 9.63%) and Colgate-Palmolive (India) Ltd. (1380.10, 2.09%). 8 stocks slipped below their 200 SMA including Info Edge (India) Ltd. (2403.90, -7.24%) and Amber Enterprises India Ltd. (1078.10, -5.40%).