Markets closed lower in today's trading. Nifty 50 closed at 11915.60 (-52.8, -0.4%) , BSE Sensex closed at 40359.41 (-215.8, -0.5%) while the broader Nifty 500 closed at 9680.00 (-32.4, -0.3%). Market breadth is in the red. Of the 1656 stocks traded today, 735 were in the positive territory and 815 were negative.
- 8K Miles management has yet to clarify on the submitted resignation of their auditors, with the auditors stating in the exchange filing "management override of financial controls" among reasons for their departure. This follows a tussle between the auditors and the management which has been happening in public since early November
- The Reserve Bank of India has set up an Advisory Committee to guide the administrator for Dewan Housing Finance as it progresses through bankruptcy proceedings.
- Essel Propack, Nippon Life hit fresh 52 week highs.
- Approximately 10.8 lakh shares of cable company Dish TV changed hands in a large trade
- Network18, graphite manufacturers among top gainers today
- Markets are lower in morning trade. Nifty 50 was trading at 11963.05 (-5.4, -0.0%) , BSE Sensex was trading at 40521.74 (-53.4, -0.1%) while the broader Nifty 500 was trading at 9711.20 (-1.2, -0.0%). Market breadth is in the green. Of the 1341 stocks traded today, 754 were in the positive territory and 502 were negative.
Riding High:
Largecap and midcap gainers today include IDBI Bank Ltd. (40.10, 19.88%), RBL Bank Ltd. (363.00, 8.39%) and Steel Authority of India (SAIL) Ltd. (39.20, 8.14%).
Downers:
Largecap and midcap losers today include Bharti Infratel Ltd. (232.05, -4.07%), Castrol India Ltd. (146.20, -3.82%) and General Insurance Corporation of India (259.00, -3.75%).
Volume Shockers
19 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included eClerx Services Ltd. (503.70, 20.00%), IDBI Bank Ltd. (40.10, 19.88%) and Network 18 Media & Investments Ltd. (31.85, 14.77%).
Top high volume losers on BSE were Reliance Capital Ltd. (16.30, -4.96%), Westlife Development Ltd. (342.00, -1.81%) and TV Today Network Ltd. (289.65, -1.58%).
Solar Industries India Ltd. (1045.00, -0.07%) was trading at 14.0 times of weekly average. Finolex Cables Ltd. (363.10, 1.95%) and Triveni Turbine Ltd. (96.85, 0.05%) were trading with volumes 9.1 and 8.1 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
9 stocks made 52 week highs, while 6 stocks hit their 52 week lows.
Stocks touching their year highs included - DLF Ltd. (218.00, 0.53%), Essel Propack Ltd. (155.80, 1.63%) and JM Financial Ltd. (94.70, 2.27%).
Stocks making new 52 weeks lows included - Blue Dart Express Ltd. (2101.00, -1.02%) and MphasiS Ltd. (857.25, -3.70%).
14 stocks climbed above their 200 day SMA including IDBI Bank Ltd. (40.10, 19.88%) and Network 18 Media & Investments Ltd. (31.85, 14.77%). 21 stocks slipped below their 200 SMA including Advanced Enzyme Technologies Ltd. (167.65, -4.23%) and KNR Constructions Ltd. (241.20, -3.64%).
Photo by Appaiah