Markets closed on a low note ahead of GDP numbers for July-September that are widely expected to be muted. Nifty 50 closed at 12048.00 (-103.2, -0.9%) , BSE Sensex closed at 40793.81 (-336.4, -0.8%) while the broader Nifty 500 closed at 9807.40 (-62.4, -0.6%). Market breadth is even. Of the 1659 stocks traded today, 768 were on the uptick, and 798 were down.
SJVN's Chief Financial Officer has resigned, with Akhileshwar SIngh appointed as the new CFO.
Indiabulls Housing Finance share price fell sharply after initial gains in the morning, after the Delhi High Court adjourned the Citizen Whistle Blower Forum PIL against the firm to Feb. 28, 2020.
Markets are lower today ahead of the release of July-September GDP numbers, with many analysts predicting a further decline in GDP growth as consumers tightened their belts.
Home First Finance Company (HFFC) has filed a draft red herring prospectus today (November 29) with the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO).. The housing finance company is expected to raise Rs 1,500 crore through the public issue. All IPO news
Stocks in the Positive Breakout screener include Somany Ceramics, Magma Fincorp, Gujarat Pipavav.
PC Jeweller received a downgrade in credit on the company's fixed deposits.CARE Ratings Limited has downgraded the ratings for the Fixed Deposit Programme of the Company to CARE B (FD) Stable, citing decline in cash and bank balance, and fall in market capitalization. The company contested this rating in its comments, saying that the promoter has infused RS.215 crores of personal funds in the company to improve its NWC.
OnMobile Global share price is up after promoter extends time for share sale. Onmobile has entered into a purchase agreement with Jump Networks.
Nifty 50 was trading at 12114.70 (-36.5, -0.3%) , BSE Sensex was trading at 40994.39 (-135.8, -0.3%) while the broader Nifty 500 was trading at 9863.60 (-6.2, -0.1%)
Riding High:
Largecap and midcap gainers today include Adani Transmission Ltd. (308.00, 10.06%), Adani Gas Ltd. (160.65, 7.49%) and Bharti Infratel Ltd. (274.00, 6.78%).
Downers:
Largecap and midcap losers today include Indiabulls Housing Finance Ltd. (290.00, -13.37%), Zee Entertainment Enterprises Ltd. (286.00, -8.04%) and Motherson Sumi Systems Ltd. (128.15, -4.61%).
Volume Shockers
27 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Somany Ceramics Ltd. (215.00, 10.09%), Adani Transmission Ltd. (308.00, 10.06%) and Jaiprakash Associates Ltd. (2.35, 9.30%).
Top high volume losers on BSE were Aavas Financiers Ltd. (1760.00, -1.91%), Mahindra Holidays & Resorts India Ltd. (214.95, -1.29%) and Varroc Engineering Ltd. (443.00, -1.27%).
TCNS Clothing Co. Ltd. (722.10, 4.13%) was trading at 10.9 times of weekly average. Adani Ports & Special Economic Zone Ltd. (381.00, 2.25%) and Adani Gas Ltd. (160.65, 7.49%) 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
12 stocks made 52 week highs, while 2 stocks tanked below their 52 week lows.
Stocks touching their year highs included - Adani Transmission Ltd. (308.00, 10.06%), City Union Bank Ltd. (224.85, 2.00%) and Pfizer Ltd. (4149.00, 3.29%).
Stocks making new 52 weeks lows included - Chennai Petroleum Corporation Ltd. (125.55, -0.79%) and Jain Irrigation Systems Ltd. (10.45, -0.48%).
23 stocks climbed above their 200 day SMA including Bharti Infratel Ltd. (274.00, 6.78%) and IDFC First Bank Ltd. (46.85, 5.76%). 6 stocks slipped below their 200 SMA including Ashok Leyland Ltd. (79.20, -2.76%) and The New India Assurance Company Ltd. (148.55, -1.52%).