Goldman Sachs Singapore has sold TVS Motor shares in a bulk deal on the BSE, disposing of over 3.5 million shares. GS Singapore had recently sold Bandhan Bank and Tech Mahindra shares as well.
Markets closed higher today. Nifty 50 closed at 11270.15 (56.1, 0.5%) , BSE Sensex closed at 38182.08 (141.5, 0.4%) while the broader Nifty 500 closed at 9268.55 (69.9, 0.8%)
Market breadth is overwhelmingly positive. Of the 1704 stocks traded today, 1087 were in the positive territory and 531 were negative.
Pharma company IPCA Labs hits a record high today on June quarter results.
The rural and small town story continues to be a big part of the Indian recovery, with Amazon India saying that over 65% of new member signups on the site this year are from outside of the top 10 cities.
Tea business McLeod Russel is seeing promoters selling stake as the company looks to reduce its debt. Falling prices at tea auctions amid a supply glut has hit the Indian tea industry. Internationally, competition from markets such as Kenya have impacted global prices.
Persistent Systems CEO Chris O'Connor resigns, citing personal reasons. O'Connor has been with the company for 19 months. The company has struggled to retain its C-suite and top talent, losing its chief product officer, Nara Rajagopalan and President of Technology Services, Sudhir Kulkarni last year.
A strong performance for Cipla in its June quarter results has pushed the company's share price to an all time high.
Emami, Divis Lab are among the top gainers today on results.
Markets are up today morning. Nifty 50 was trading at 11310.15 (96.1, 0.9%) , BSE Sensex was trading at 38346.60 (306.0, 0.8%) while the broader Nifty 500 was trading at 9285.45 (86.8, 0.9%). Market breadth is ticking up strongly. Of the 1571 stocks traded today, 1113 were on the uptick, and 363 were down.
IndusInd Bank has reportedly acquired 7.82% stake in Eveready by invoking pledged shares of the company.
Riding High:
Largecap and midcap gainers today include Emami Ltd. (307.10, 19.35%), Divi's Laboratories Ltd. (3117.80, 11.96%) and Cipla Ltd. (795.60, 9.19%).
Downers:
Largecap and midcap losers today include Container Corporation of India Ltd. (386.40, -15.24%), RBL Bank Ltd. (181.00, -5.38%) and Hindustan Zinc Ltd. (243.15, -3.87%).
Crowd Puller Stocks
47 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included HFCL Ltd. (17.10, 19.58%), Emami Ltd. (307.10, 19.35%) and Va Tech Wabag Ltd. (149.30, 18.16%).
Top high volume losers on BSE were Container Corporation of India Ltd. (386.40, -15.24%), Sheela Foam Ltd. (1380.85, -2.74%) and Tube Investments of India Ltd. (535.20, -2.05%).
Godrej Industries Ltd. (385.95, 5.21%) was trading at 10.7 times of weekly average. TVS Srichakra Ltd. (1605.45, 8.05%) and Ipca Laboratories Ltd. (2099.50, 7.30%) were trading with volumes 8.1 and 7.7 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
35 stocks hit their 52 week highs,
Stocks touching their year highs included - Ajanta Pharma Ltd. (1722.75, 1.75%), Aurobindo Pharma Ltd. (948.85, 4.68%) and Bombay Burmah Trading Corporation Ltd. (1529.55, 12.43%).
24 stocks climbed above their 200 day SMA including HFCL Ltd. (17.10, 19.58%) and Va Tech Wabag Ltd. (149.30, 18.16%). 8 stocks slipped below their 200 SMA including Sheela Foam Ltd. (1380.85, -2.74%) and TTK Prestige Ltd. (5457.95, -1.63%).