Markets closed higher today after reversing losses in the afternoon. The Nifty 50 closed at 12042.30 (48.1, 0.4%) , BSE Sensex closed at 40850.29 (174.8, 0.4%) while the broader Nifty 500 closed at 9781.90 (38.8, 0.4%). Market breadth is in the green. Of the 1646 stocks traded today, 826 were in the positive territory and 718 were negative.
- Shilpa Medicare is up after the company received an EIR from the US FDA for its Raichur facility post inspection.
- Bank stocks jumped today with Corporation Bank, YES Bank and ICICI Bank being the top gainers.
- Courier company Gati is up today in share price on Allcargo Logistics looking at a controlling stake in the firm.
- CSB Bank's debut has stayed strong, with a 50%+ gain over issue price. The stock opened at Rs 275 against the issue price of Rs 195, and is currently trading at Rs. 302. The bank has extended MD and CEO Rajendran's tenure by 3 years.
- Dr Reddy's is up today on news of its cancer drug Bortezomib launch for Injection 3.5 mg/vial, approved by the US FDA.
- IFCI has received credit rating downgrades from ICRA on multiple long and short term instruments.
- ICICI Bank is at a record high today after brokerage companies Nomura and UBS hiked their price targets on the stock, to 645 and 620 respectively. Share price is at 521.9 as of this writing.
- Nifty 50 was trading at 11957.60 (-36.6, -0.3%) , BSE Sensex was trading at 40592.50 (-83.0, -0.2%) while the broader Nifty 500 was trading at 9711.95 (-31.2, -0.3%). Market breadth is in the red. Of the 1320 stocks traded today, 460 showed gains, and 767 showed losses.
Riding High:
Largecap and midcap gainers today include Vodafone Idea Ltd. (7.70, 9.22%), Tata Motors Ltd. (169.60, 7.21%) and YES Bank Ltd. (63.10, 6.05%).
Downers:
Largecap and midcap losers today include Info Edge (India) Ltd. (2448.40, -4.10%), Torrent Pharmaceuticals Ltd. (1873.50, -3.11%) and Quess Corp Ltd. (504.80, -2.99%).
Volume Rockets
20 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Blue Dart Express Ltd. (2250.00, 8.69%), Tata Motors Ltd. (169.60, 7.21%) and Apollo Hospitals Enterprise Ltd. (1469.10, 4.61%).
Top high volume losers on BSE were Chennai Petroleum Corporation Ltd. (117.95, -2.96%), Emami Ltd. (320.15, -1.37%) and Jamna Auto Industries Ltd. (43.45, -1.25%).
MindTree Ltd. (747.60, 4.25%) was trading at 9.7 times of weekly average. Endurance Technologies Ltd. (1092.95, -0.13%) and Chalet Hotels Ltd. (354.90, 0.20%) were trading with volumes 7.8 and 6.9 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
7 stocks hit their 52 week highs, while 6 stocks tanked below their 52 week lows.
Stocks touching their year highs included - ICICI Bank Ltd. (528.50, 3.76%), JK Cement Ltd. (1185.35, 3.07%) and Pfizer Ltd. (4429.95, 2.03%).
Stocks making new 52 weeks lows included - Allahabad Bank (23.10, 1.54%) and Chennai Petroleum Corporation Ltd. (117.95, -2.96%).
11 stocks climbed above their 200 day SMA including Tata Motors Ltd. (169.60, 7.21%) and Larsen & Toubro Infotech Ltd. (1673.55, 3.47%). 13 stocks slipped below their 200 SMA including Escorts Ltd. (610.35, -2.03%) and 3M India Ltd. (21900.00, -1.73%).