ICICI Bank announced on Saturday that it has raised Rs 15,000 crore through a Qualified Institutional Placement (QIP) of equity shares at an issue price of Rs. 358/share.
Markets fell in today's trading. Nifty 50 closed at 11178.40 (-122.1, -1.1%) , BSE Sensex closed at 37877.34 (-433.2, -1.1%) while the broader Nifty 500 closed at 9214.40 (-93.5, -1%). Market breadth is in the red. Of the 1686 stocks traded today, 552 were on the uptrend, and 1068 went down.
Dr Lal Pathlabs promoter sells shares, while Jamna Auto promoters buy more.
Hindalco Industries saw a sharp decline in net profits and revenues YoY, but management says that they are optimistic about demand revival.
Tata Steel is gaining on Q1 results performance, with the company saying that it expects to improve its realisations by Rs 3,000 per ton in the second quarter amid better demand and pricing.
Prestige Estates Projects took a sharp hit from the pandemic, reporting a dramatic 99 per cent decline in its consolidated net profit for the June quarter.
EClerx is among the top gainers in share price for the second day in a row, Redington India gains post results.
Markets are up in trading. Nifty 50 was trading at 11356.55 (56.1, 0.5%) , BSE Sensex was trading at 38476.31 (165.8, 0.4%) while the broader Nifty 500 was trading at 9347.00 (39.2, 0.4%). Market breadth is ticking up strongly. Of the 1521 stocks traded today, 988 were in the positive territory and 437 were negative.
Riding High:
Largecap and midcap gainers today include Lupin Ltd. (1018.20, 9.43%), JSW Energy Ltd. (56.05, 3.99%) and City Union Bank Ltd. (121.35, 3.90%).
Downers:
Largecap and midcap losers today include Eicher Motors Ltd. (20144.15, -7.05%), Tata Motors Limited (DVR) (44.50, -5.92%) and Balkrishna Industries Ltd. (1316.00, -5.03%).
Volume Shockers
31 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Redington (India) Ltd. (109.40, 16.32%), Rail Vikas Nigam Ltd. (22.10, 10.78%) and Shriram City Union Finance Ltd. (787.25, 9.86%).
Top high volume losers on BSE were The Ramco Cements Ltd. (678.45, -3.48%), Shriram Transport Finance Company Ltd. (686.35, -2.27%) and IFB Industries Ltd. (418.45, -0.62%).
Mahindra Lifespace Developers Ltd. (234.40, 7.47%) was trading at 14.5 times of weekly average. Heidelberg Cement India Ltd. (192.15, 7.02%) and Vinati Organics Ltd. (996.90, 1.45%) were trading with volumes 14.3 and 10.5 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 - Bajaj Electricals Ltd. (468.20, 7.15%), eClerx Services Ltd. (675.95, 8.47%) and Gujarat Gas Ltd. (313.75, -3.65%).
27 stocks climbed above their 200 day SMA including Redington (India) Ltd. (109.40, 16.32%) and Rail Vikas Nigam Ltd. (22.10, 10.78%). 21 stocks slipped below their 200 SMA including Tata Motors Ltd. (124.60, -4.99%) and MRF Ltd. (61433.75, -3.97%).