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

22 Jul 2020

LIVE: Porinju Veliyath sells GVK Power, Bajaj Auto Q1 profit falls

Investor Porinju Veliyath of EQ India sells over 8.9 million shares of GVK Power in an SAST transaction, bringing the stake below 1%

Coffee Day auditors have resigned, citing "commercial considerations" in their submission to the company.

Nifty 50 closed at 11143.65 (-18.6, -0.2%) , BSE Sensex closed at 37871.52 (-58.8, -0.2%) while the broader Nifty 500 closed at 9054.30 (-16.3, -0.2%)

Market breadth is in the red. Of the 1663 stocks traded today, 646 were gainers and 965 were losers.

Bajaj Auto's June quarter sees a drop - the company's standalone net profit in Q1FY21 was 528 crore, down 53% from 1,126 crore in the same quarter last year. Revenue fell 60% YoY.

Axis Bank is gaining today as analysts cheered the company's careful accounting in its Q1 numbers in the midst of the pandemic, which include increased provisions, and NII (net income interest) reserves for cases of interest reversal.

Dolat Capital is a BUY on Majesco, citing significant premium upcoming on deal valuations for the company.

Granules India has touched its ten year high today, gaining on high volumes.

Hindustan Zinc's revenue fell 20% YoY in Q1FY21 due to Covid19, with management noting 18 days of production lost in April due to pandemic related lockdowns. Share price of the company is however up by over 10%.

Muthoot Finance, L&T; Infotech also hit fresh year highs today.

Reliance Industries hits fresh highs today, rising over 1% in the morning session.

Markets are lower in early trading. Nifty 50 was trading at 11154.70 (-7.6, -0.1%) , BSE Sensex was trading at 37797.88 (-132.5, -0.4%) while the broader Nifty 500 was trading at 9064.30 (-6.3, -0.1%). Market breadth is in the red. Of the 1470 stocks traded today, 599 showed gains, and 771 showed losses.

Riding High:

Largecap and midcap gainers today include Hindustan Zinc Ltd. (197.15, 7.85%), Aditya Birla Fashion and Retail Ltd. (120.50, 7.21%) and Muthoot Finance Ltd. (1315.90, 6.88%).

Downers:

Largecap and midcap losers today include Mahindra & Mahindra Financial Services Ltd. (152.70, -33.00%), AIA Engineering Ltd. (1673.25, -4.27%) and Piramal Enterprises Ltd. (1492.45, -4.23%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Balmer Lawrie & Company Ltd. (121.80, 14.80%), Dhanuka Agritech Ltd. (894.00, 8.91%) and VIP Industries Ltd. (308.50, 8.42%).

Top high volume losers on BSE were TV18 Broadcast Ltd. (35.90, -8.07%), Mangalore Refinery And Petrochemicals Ltd. (36.75, -2.91%) and La Opala RG Ltd. (193.50, -1.45%).

Orient Refractories Ltd. (177.00, 3.54%) was trading at 16.5 times of weekly average. Hindustan Zinc Ltd. (197.15, 7.85%) and Vardhman Textiles Ltd. (647.95, 2.24%) were trading with volumes 13.9 and 11.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

17 stocks overperformed with 52 week highs,

Stocks touching their year highs included - Alembic Pharmaceuticals Ltd. (999.00, 0.37%), Deepak Fertilisers & Petrochemicals Corporation Ltd. (134.50, 2.09%) and Escorts Ltd. (1210.00, 3.26%).

23 stocks climbed above their 200 day SMA including Balmer Lawrie & Company Ltd. (121.80, 14.80%) and Hindustan Zinc Ltd. (197.15, 7.85%). 13 stocks slipped below their 200 SMA including Petronet LNG Ltd. (255.00, -2.73%) and Capri Global Capital Ltd. (164.60, -2.57%).

Trendlyne Marketwatch

22 Jul 2020

The Midday Market View, Jul 22, 2020

Nifty 50 was trading at 11138.10 (-24.2, -0.2%) , BSE Sensex was trading at 37801.23 (-129.1, -0.3%) while the broader Nifty 500 was trading at 9058.55 (-12.1, -0.1%)

Market breadth is in the red. Of the 1639 stocks traded today, 739 were in the positive territory and 817 were negative.

Riding High:

Largecap and midcap gainers today include Muthoot Finance Ltd. (1320.75, 7.28%), Hindustan Zinc Ltd. (195.65, 7.03%) and Aditya Birla Fashion and Retail Ltd. (120.15, 6.90%).

Downers:

Largecap and midcap losers today include Mahindra & Mahindra Financial Services Ltd. (153.95, -32.45%), Piramal Enterprises Ltd. (1510.00, -3.11%) and Hindustan Unilever Ltd. (2246.55, -3.08%).

Volume Rockets

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

Top high volume gainers on BSE included Hindustan Zinc Ltd. (195.65, 7.03%), Aditya Birla Fashion and Retail Ltd. (120.15, 6.90%) and Heritage Foods Ltd. (301.80, 5.07%).

Top high volume loser on BSE was Indian Overseas Bank (10.95, -0.45%).

La Opala RG Ltd. (203.20, 3.49%) was trading at 24.5 times of weekly average. Vardhman Textiles Ltd. (639.55, 0.92%) and Orient Refractories Ltd. (179.45, 4.97%) were trading with volumes 10.8 and 8.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

13 stocks overperformed with 52 week highs,

Stocks touching their year highs included - Deepak Fertilisers & Petrochemicals Corporation Ltd. (133.10, 1.02%), Escorts Ltd. (1182.15, 0.89%) and Granules India Ltd. (268.65, 2.05%).

21 stocks climbed above their 200 day SMA including Hindustan Zinc Ltd. (195.65, 7.03%) and GMR Infrastructure Ltd. (21.10, 6.03%). 12 stocks slipped below their 200 SMA including Petronet LNG Ltd. (254.15, -3.05%) and TVS Motor Company Ltd. (394.75, -2.03%).

Trendlyne Marketwatch

21 Jul 2020

LIVE: Markets close higher, Rahul Bajaj steps down as Bajaj Fin Chairman

DCM Shriram fell 1% today post results announcement for the June quarter.

Markets closed up today. Nifty 50 closed at 11173.10 (150.9, 1.4%) , BSE Sensex closed at 37930.33 (511.3, 1.4%) while the broader Nifty 500 closed at 9078.10 (93, 1.0%). Market breadth is in the green. Of the 1668 stocks traded today, 857 were gainers and 746 were losers.

Rahul Bajaj will be stepping down as Bajaj Finance Chairman. His son Sanjiv Bajaj who is currently the vice-chairman will be taking over his role.

JK Cement, Rallis India, Dr. Lal Pathlabs among stocks hitting fresh 52 week highs today.

Granules India is a BUY from BP Wealth, with the analysts citing strong traction in formulations and operational efficiencies.

ACC Ltd is among the top gainers today after announcing Q2 results. Analysts at Jeffries and CLSA raised the stock's target price, with Jefferies upping the target from Rs. 1,500 to Rs. 1,700.

The market opened on an upbeat note. Nifty 50 was trading at 11153.45 (131.3, 1.2%) , BSE Sensex was trading at 37896.43 (477.4, 1.3%) while the broader Nifty 500 was trading at 9080.60 (95.5, 1.1%). Market breadth is ticking up strongly. Of the 1486 stocks traded today, 1078 showed gains, and 323 showed losses.

Riding High:

Largecap and midcap gainers today include Piramal Enterprises Ltd. (1551.30, 10.31%), Bank of India (50.40, 7.01%) and Power Grid Corporation of India Ltd. (174.00, 6.42%).

Downers:

Largecap and midcap losers today include Vodafone Idea Ltd. (8.45, -7.14%), Bajaj Finance Ltd. (3306.00, -3.94%) and Future Retail Ltd. (107.00, -3.47%).

Movers and Shakers

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

Top high volume gainers on BSE included Bank of Maharashtra (12.00, 12.15%), Piramal Enterprises Ltd. (1551.30, 10.31%) and Sunteck Realty Ltd. (183.05, 9.58%).

Top high volume losers on BSE were Graphite India Ltd. (174.50, -3.54%), General Insurance Corporation of India (157.75, -2.47%) and Maharashtra Scooters Ltd. (3157.15, -2.44%).

Sheela Foam Ltd. (1490.00, -2.27%) was trading at 19.4 times of weekly average. Carborundum Universal Ltd. (235.20, -2.10%) and CARE Ratings Ltd. (444.90, 4.86%) were trading with volumes 13.6 and 13.3 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

17 stocks made 52 week highs,

Stocks touching their year highs included - Britannia Industries Ltd. (3888.00, -2.38%), Coromandel International Ltd. (805.00, 1.11%) and Deepak Fertilisers & Petrochemicals Corporation Ltd. (129.70, 7.06%).

20 stocks climbed above their 200 day SMA including Bank of Maharashtra (12.00, 12.15%) and Central Bank of India (18.30, 8.61%). 10 stocks slipped below their 200 SMA including Capri Global Capital Ltd. (169.70, -6.63%) and Bombay Dyeing & Manufacturing Company Ltd. (68.75, -4.05%).

Trendlyne Marketwatch

21 Jul 2020

The Midday Market View, Jul 21, 2020

Markets are trading high. Nifty 50 was trading at 11165.00 (142.8, 1.3%) , BSE Sensex was trading at 37867.05 (448.1, 1.2%) while the broader Nifty 500 was trading at 9077.40 (1.03%).

Market breadth is in the green. Of the 1640 stocks traded today, 916 were gainers and 639 were losers.

Riding High:

Largecap and midcap gainers today include Piramal Enterprises Ltd. (1508.10, 7.24%), Bharat Petroleum Corporation Ltd. (468.05, 7.03%) and Bank of India (50.35, 6.90%).

Downers:

Largecap and midcap losers today include Vodafone Idea Ltd. (8.40, -7.69%), Crompton Greaves Consumer Electricals Ltd. (244.35, -2.44%) and MphasiS Ltd. (981.20, -2.41%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Bank of Maharashtra (12.05, 12.62%), Central Bank of India (18.60, 10.39%) and Chennai Petroleum Corporation Ltd. (90.20, 9.53%).

Top high volume losers on BSE were Eris Lifesciences Ltd. (426.45, -2.43%), Carborundum Universal Ltd. (238.25, -0.83%) and TeamLease Services Ltd. (1906.55, -0.32%).

Thermax Ltd. (763.60, 2.41%) was trading at 11.9 times of weekly average. CARE Ratings Ltd. (458.00, 7.94%) and Deepak Fertilisers & Petrochemicals Corporation Ltd. (132.25, 9.16%) were trading with volumes 9.4 and 8.0 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

16 stocks took off, crossing 52 week highs,

Stocks touching their year highs included - Britannia Industries Ltd. (3893.50, -2.24%), Coromandel International Ltd. (812.00, 1.99%) and Deepak Fertilisers & Petrochemicals Corporation Ltd. (132.25, 9.16%).

22 stocks climbed above their 200 day SMA including Bank of Maharashtra (12.05, 12.62%) and Central Bank of India (18.60, 10.39%). 7 stocks slipped below their 200 SMA including Bombay Dyeing & Manufacturing Company Ltd. (69.10, -3.56%) and Dalmia Bharat Ltd. (699.90, -2.33%).

Trendlyne Marketwatch

20 Jul 2020

LIVE: Rakesh Jhunjhunwala bets on Indian Hotels, Indigo to layoff 10% of workforce

Rakesh Jhunjhunwala has bet Rs. 102 crore on Indian Hotels Company, adding it to his portfolio with a stake of 1.05%.
IndiGo says it is laying off 10% of its workforce owing to the pandemic's effect on the business, saying that it is the first time in its history it has had to make such a 'painful decision'.
Markets closed up today. Nifty 50 closed at 11022.20 (120.5, 1.1%) , BSE Sensex closed at 37418.99 (398.9, 1.1%) while the broader Nifty 500 closed at 8985.10 (89.8, 1.0%). Market breadth is in the green. Of the 1693 stocks traded today, 948 were gainers and 673 were losers.
MCX, Jubilant Life, Dixon Tech hit fresh 52 week highs.
Continuing replacement demand is helping keep sentiment up for auto battery companies like Amara Raja despite weak auto sector growth.
M&M Financial Services delivered a strong quarter for Q1, with the emphasis on rural recovery.
Covid19 impact: Cafe Coffee Day says it has closed 280 more outlets in the April-June quarter.
HDFC Securities is a SELL on Britannia, citing high valuations (as per the buy sell zone, Britannia trades below its current PE 60% of the time) and rising debt.
YES Bank's stock is trading lower today. The bank's recently launched FPO was subscribed 95%.
Markets rise on early trading, Nifty 50 was trading at 10996.25 (94.6, 0.9%) , BSE Sensex was trading at 37390.09 (370.0, 1%) while the broader Nifty 500 was trading at 8963.30 (68, 0.8%). Market breadth is overwhelmingly positive. Of the 1538 stocks traded today, 1004 were in the positive territory and 455 were negative.

Riding High:

Largecap and midcap gainers today include Mahindra & Mahindra Financial Services Ltd. (229.60, 10.44%), General Insurance Corporation of India (161.75, 10.00%) and The New India Assurance Company Ltd. (120.80, 8.93%).

Downers:

Largecap and midcap losers today include Sun Pharmaceutical Industries Ltd. (483.80, -3.93%), Lupin Ltd. (864.25, -3.69%) and National Aluminium Company Ltd. (33.65, -2.32%).

Movers and Shakers

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

Top high volume gainers on BSE included Mahindra & Mahindra Financial Services Ltd. (229.60, 10.44%), General Insurance Corporation of India (161.75, 10.00%) and Venky's (India) Ltd. (1127.05, 9.22%).

Top high volume losers on BSE were Arvind Fashions Ltd. (122.15, -4.57%), Mahindra Lifespace Developers Ltd. (208.05, -1.14%) and Brigade Enterprises Ltd. (134.30, -0.89%).

The New India Assurance Company Ltd. (120.80, 8.93%) was trading at 13.0 times of weekly average. Blue Dart Express Ltd. (2032.45, 3.43%) and Nilkamal Ltd. (1205.20, 2.03%) were trading with volumes 10.6 and 10.2 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. (1011.45, 3.54%), Britannia Industries Ltd. (3982.65, 5.22%) and Cadila Healthcare Ltd. (374.30, -0.82%).

27 stocks climbed above their 200 day SMA including Capri Global Capital Ltd. (185.50, 10.29%) and Aegis Logistics Ltd. (189.70, 4.00%). 9 stocks slipped below their 200 SMA including Metropolis Healthcare Ltd. (1462.80, -3.08%) and Westlife Development Ltd. (340.90, -2.63%).

Trendlyne Marketwatch

20 Jul 2020

The Midday Market View, Jul 20, 2020

Upbeat trading today. Nifty 50 was trading at 10996.25 (94.6, 0.9%) , BSE Sensex was trading at 37366.45 (346.3, 0.9%) while the broader Nifty 500 was trading at 8969.45 (0.83%).

Market breadth is in the green. Of the 1664 stocks traded today, 993 were gainers and 589 were losers.

Riding High:

Largecap and midcap gainers today include Mahindra & Mahindra Financial Services Ltd. (227.25, 9.31%), General Insurance Corporation of India (157.35, 7.00%) and Vodafone Idea Ltd. (9.50, 6.74%).

Downers:

Largecap and midcap losers today include Sun Pharmaceutical Industries Ltd. (484.25, -3.84%), Lupin Ltd. (870.85, -2.96%) and Glenmark Pharmaceuticals Ltd. (417.50, -2.85%).

Movers and Shakers

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

Top high volume gainers on BSE included Mahindra & Mahindra Financial Services Ltd. (227.25, 9.31%), Dixon Technologies (India) Ltd. (6926.90, 7.07%) and General Insurance Corporation of India (157.35, 7.00%).

Top high volume losers on BSE were Arvind Fashions Ltd. (123.55, -3.48%), TTK Prestige Ltd. (5590.00, -0.25%) and Vaibhav Global Ltd. (1329.35, -0.18%).

Blue Dart Express Ltd. (1975.00, 0.51%) was trading at 9.2 times of weekly average. Nilkamal Ltd. (1242.00, 5.14%) and The New India Assurance Company Ltd. (118.35, 6.72%) were trading with volumes 7.0 and 5.3 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

13 stocks overperformed with 52 week highs,

Stocks touching their year highs included - Alembic Pharmaceuticals Ltd. (1023.00, 4.72%), Britannia Industries Ltd. (3947.15, 4.28%) and Cadila Healthcare Ltd. (375.90, -0.40%).

24 stocks climbed above their 200 day SMA including Nilkamal Ltd. (1242.00, 5.14%) and Dalmia Bharat Ltd. (737.30, 4.28%). 7 stocks slipped below their 200 SMA including Motilal Oswal Financial Services Ltd. (662.00, -1.28%) and Hindalco Industries Ltd. (160.10, -1.26%).

Trendlyne Marketwatch

17 Jul 2020

Markets close higher, Marico CFO resigns

A sharp recovery in a range of largecaps today drove markets higher at close. Nifty 50 closed at 10930.80 (190.9, 1.8%) , BSE Sensex closed at 37020.14 (548.5, 1.5%) while the broader Nifty 500 closed at 8914.15 (147.6, 1.7%)

Market breadth is surging up. Of the 1655 stocks traded today, 1061 were on the uptrend, and 522 went down.

Marico's Chief Financial Officer Vivek Karve has resigned. Pawan Agarwal, who has been with Marico since 2004, takes up the role.

Granules, Cipla, Ipca Labs hit fresh year highs today.

Graphite manufacturer HEG is topping the list of gainers today.

HDFC Securities is a BUY on Federal Bank, stating that the impact of COVID19 on the bank will be lesser than the current valuation.

L&T; Technology Services is lower today after posting weak results showing a decline of 42.2% in net profit YoY and fall 3.9% fall in revenue YoY.

Markets are gaining in early trading. Nifty 50 was trading at 10809.65 (69.7, 0.7%) , BSE Sensex was trading at 36646.50 (174.8, 0.5%) while the broader Nifty 500 was trading at 8830.30 (63.7, 0.7%). Market breadth is highly positive. Of the 1468 stocks traded today, 984 were on the uptrend, and 409 went down.

Riding High:

Largecap and midcap gainers today include Vodafone Idea Ltd. (8.90, 13.38%), Bharat Petroleum Corporation Ltd. (443.80, 12.67%) and Hindustan Petroleum Corporation Ltd. (224.00, 6.77%).

Downers:

Largecap and midcap losers today include L&T; Technology Services Ltd. (1380.60, -4.24%), MphasiS Ltd. (997.35, -3.29%) and Alkem Laboratories Ltd. (2497.50, -2.47%).

Movers and Shakers

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

Top high volume gainers on BSE included HEG Ltd. (830.95, 14.46%), Bharat Petroleum Corporation Ltd. (443.80, 12.67%) and Orient Cement Ltd. (69.70, 9.16%).

Top high volume losers on BSE were L&T; Technology Services Ltd. (1380.60, -4.24%), IndiaMART InterMESH Ltd. (2050.60, -2.62%) and Britannia Industries Ltd. (3785.00, -1.81%).

Omaxe Ltd. (67.70, 3.99%) was trading at 198.3 times of weekly average. Chennai Petroleum Corporation Ltd. (82.75, 7.68%) and Minda Corporation Ltd. (69.90, 5.59%) were trading with volumes 6.5 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 overperformed with 52 week highs, while 1 stock tanked below their 52 week lows.

Stocks touching their year highs included - Alembic Pharmaceuticals Ltd. (976.90, 0.75%), Britannia Industries Ltd. (3785.00, -1.81%) and Cipla Ltd. (689.10, 2.16%).

Stock making new 52 weeks lows included - Omaxe Ltd. (67.70, 3.99%).

22 stocks climbed above their 200 day SMA including Bharat Petroleum Corporation Ltd. (443.80, 12.67%) and Orient Cement Ltd. (69.70, 9.16%). 7 stocks slipped below their 200 SMA including L&T; Technology Services Ltd. (1380.60, -4.24%) and Hindalco Industries Ltd. (162.15, -2.35%).

Trendlyne Marketwatch

17 Jul 2020

The Midday Market View, Jul 17, 2020

Markets are trading high. Nifty 50 was trading at 10807.65 (67.7, 0.6%) , BSE Sensex was trading at 36657.09 (185.4, 0.5%) while the broader Nifty 500 was trading at 8833.60 (0.76%).

Market breadth is overwhelmingly positive. Of the 1631 stocks traded today, 1050 were on the uptrend, and 507 went down.

Riding High:

Largecap and midcap gainers today include Bharat Petroleum Corporation Ltd. (433.25, 9.99%), Hindustan Petroleum Corporation Ltd. (224.95, 7.22%) and Vodafone Idea Ltd. (8.40, 7.01%).

Downers:

Largecap and midcap losers today include L&T Technology Services Ltd. (1389.10, -3.65%), MphasiS Ltd. (999.00, -3.13%) and Alkem Laboratories Ltd. (2488.75, -2.82%).

Volume Rockets

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

Top high volume gainers on BSE included HEG Ltd. (818.55, 12.75%), Bharat Petroleum Corporation Ltd. (433.25, 9.99%) and Chennai Petroleum Corporation Ltd. (84.20, 9.56%).

Top high volume losers on BSE were Omaxe Ltd. (61.85, -4.99%) and Britannia Industries Ltd. (3851.30, -0.09%).

Minda Corporation Ltd. (70.10, 5.89%) was trading at 5.0 times of weekly average. PTC India Ltd. (50.05, 3.95%) and Himatsingka Seide Ltd. (60.45, 6.52%) were trading with volumes 4.1 and 3.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

7 stocks made 52 week highs, while 1 stock hit their 52 week lows.

Stocks touching their year highs included - Britannia Industries Ltd. (3851.30, -0.09%), Cipla Ltd. (689.00, 2.15%) and Coromandel International Ltd. (780.00, 0.94%).

Stock making new 52 weeks lows included - Omaxe Ltd. (61.85, -4.99%).

19 stocks climbed above their 200 day SMA including Bharat Petroleum Corporation Ltd. (433.25, 9.99%) and Orient Cement Ltd. (68.40, 7.13%). 4 stocks slipped below their 200 SMA including L&T Technology Services Ltd. (1389.10, -3.65%) and Avenue Supermarts Ltd. (1986.60, -1.02%).

Trendlyne Marketwatch

16 Jul 2020

Markets close higher, Bajaj Consumer jumps on results

The market closed on an upbeat note, helped by enthusiasm in IT stocks. Nifty 50 closed at 10728.05 (109.9, 1.0%) , BSE Sensex closed at 36471.68 (419.9, 1.2%) while the broader Nifty 500 closed at 8760.20 (70.4, 0.8%)

Market breadth is in the red. Of the 1657 stocks traded today, 615 were on the uptick, and 987 were down.

Alembic Pharma has touched its ten year high today.

Bajaj Consumer jumps by 20% on announcement of its June quarter results, showing a sharp increase in QoQ net profits.

SBI Cards says that Hardayal Prasad has resigned as MD and CEO of the company, and Ashwini Tewari has been appointed in his place.

IMF is warning that the rate of bankruptcy for SMEs may triple this year in the absence of sufficient government support. This is especially a challenge for developing countries like India, where the government has had limited fiscal room to provide a cushion to these businesses.

Larsen & Toubro (L&T;) receives a buy call from HDFC Securities, as analysts note a gradual recovery in industrials.

IPCA Lab, DCM Shriram among stocks rising sharply today.

Tech companies are hitting fresh year highs today as results for the June quarter come in.

In its earnings call, Infosys management noted that COVID has been a significant dampener on demand. "On quarter-on-quarter basis, constant currency, we had 2% de-growth," COO Pravin Rao noted, "Only about 10% - less than 10% could be attributed to supply issues, 90% was more demand issues."

Markets are volatile in early trading. Nifty 50 was trading at 10599.60 (-18.6, -0.2%) , BSE Sensex was trading at 36142.76 (91.0, 0.3%) while the broader Nifty 500 was trading at 8657.55 (-32.3, -0.4%). Market breadth is highly negative. Of the 1472 stocks traded today, 399 showed gains, and 1002 showed losses.

Riding High:

Largecap and midcap gainers today include Infosys Ltd. (911.00, 9.63%), Max Financial Services Ltd. (580.90, 8.63%) and Ipca Laboratories Ltd. (1778.55, 7.87%).

Downers:

Largecap and midcap losers today include Vodafone Idea Ltd. (7.85, -9.25%), Bharti Infratel Ltd. (190.00, -6.84%) and Avenue Supermarts Ltd. (2007.05, -6.49%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Bajaj Consumer Care Ltd. (180.45, 19.98%), Infosys Ltd. (911.00, 9.63%) and Max Financial Services Ltd. (580.90, 8.63%).

Top high volume losers on BSE were Avenue Supermarts Ltd. (2007.05, -6.49%), India Tourism Development Corporation Ltd. (230.50, -3.35%) and Narayana Hrudayalaya Ltd. (274.85, -2.55%).

eClerx Services Ltd. (524.10, 4.76%) was trading at 7.9 times of weekly average. Greaves Cotton Ltd. (87.30, 4.61%) and Sonata Software Ltd. (243.65, 3.92%) were trading with volumes 7.3 and 5.9 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

13 stocks overperformed with 52 week highs, while 2 stocks hit their 52 week lows.

Stocks touching their year highs included - Alembic Pharmaceuticals Ltd. (969.60, 2.51%), Britannia Industries Ltd. (3854.75, 3.53%) and Dhanuka Agritech Ltd. (811.05, 0.36%).

Stocks making new 52 weeks lows included - Omaxe Ltd. (65.10, -4.96%) and Rajesh Exports Ltd. (470.65, 0.62%).

11 stocks climbed above their 200 day SMA including DCM Shriram Ltd. (332.45, 4.81%) and eClerx Services Ltd. (524.10, 4.76%). 16 stocks slipped below their 200 SMA including Avenue Supermarts Ltd. (2007.05, -6.49%) and Aster DM Healthcare Ltd. (128.10, -2.70%).

Trendlyne Marketwatch

16 Jul 2020

The Midday Market View, Jul 16, 2020

Nifty 50 was trading at 10644.75 (26.6, 0.3%) , BSE Sensex was trading at 36201.56 (149.8, 0.4%) while the broader Nifty 500 was trading at 8695.80 (6.0, 0.1%)

Market breadth is overwhelmingly negative. Of the 1629 stocks traded today, 447 were on the uptick, and 1122 were down.

Riding High:

Largecap and midcap gainers today include Infosys Ltd. (908.85, 9.37%), Ipca Laboratories Ltd. (1758.00, 6.63%) and Max Financial Services Ltd. (566.10, 5.86%).

Downers:

Largecap and midcap losers today include Vodafone Idea Ltd. (7.65, -11.56%), Avenue Supermarts Ltd. (2002.10, -6.72%) and Bharti Infratel Ltd. (192.10, -5.81%).

Volume Shockers

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

Top high volume gainers on BSE included Infosys Ltd. (908.85, 9.37%), DCM Shriram Ltd. (336.45, 6.07%) and eClerx Services Ltd. (523.95, 4.73%).

Top high volume losers on BSE were IIFL Wealth Management Ltd. (918.95, -1.25%) and JTEKT India Ltd. (68.70, -0.72%).

Greaves Cotton Ltd. (86.20, 3.30%) was trading at 5.8 times of weekly average. Sonata Software Ltd. (241.40, 2.96%) and Great Eastern Shipping Company Ltd. (213.80, 0.05%) were trading with volumes 5.0 and 4.4 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, while 2 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - Alembic Pharmaceuticals Ltd. (967.80, 2.32%), Dhanuka Agritech Ltd. (805.60, -0.32%) and HCL Technologies Ltd. (616.45, 0.20%).

Stocks making new 52 weeks lows included - Omaxe Ltd. (65.10, -4.96%) and Rajesh Exports Ltd. (462.15, -1.20%).

9 stocks climbed above their 200 day SMA including DCM Shriram Ltd. (336.45, 6.07%) and eClerx Services Ltd. (523.95, 4.73%). 16 stocks slipped below their 200 SMA including Avenue Supermarts Ltd. (2002.10, -6.72%) and Bombay Dyeing & Manufacturing Company Ltd. (68.95, -3.36%).