Markets close higher today after a bumpy start, with the NSE Nifty Financial Services Index the top sectoral gainer, rising 1%. Nifty 50 closed at 11870.60 (30.2, 0.3%) , BSE Sensex closed at 40286.48 (170.4, 0.4%) while the broader Nifty 500 closed at 9650.30 (16.4, 0.2%). Market breadth is in the red. Of the 1647 stocks traded today, 604 were on the uptrend, and 963 went down.
- 195+ companies announced their results for the quarter today. See the full result analyzer.
- Shares of VST Industries today surged as much as 8% to a new 52-week high after Radhakrishna Damani purchased shares in the firm. Damani bought 270,000 shares in a bulk deal.
- Approximately 10 lakh shares of pharma stock Cipla changed hands in a block deal. Share price is up.
- Stocks climbing above their 200 day SMAinclude Rain Industries(105.55, 7.16%) and The New India Assurance Company(158.25, 4.98%).
- Pidilite Industries, manufacturer of Fevicol, is up today on results showing a 39.8% YoY jump in net profits and a 2.8% YoY rise in revenue for the September quarter.
- Approximately 58.2 lakh shares of Narayana Hrudayalaya changed hands in a block deal. Share price of the stock is down.
- Rising net losses for SpiceJet in September results has pushed share price sharply down today.
- Dixon Technologies, Muthoot Finance among top gainers today.
- Nifty 50 was trading at 11825.80 (-14.7, -0.1%) , BSE Sensex was trading at 40112.87 (-3.2, -0.0%) while the broader Nifty 500 was trading at 9618.45 (-15.5, -0.2%)
Riding High:
Largecap and midcap gainers today include Muthoot Finance Ltd. (710.95, 9.36%), Edelweiss Financial Services Ltd. (128.25, 4.99%) and Whirlpool of India Ltd. (2286.95, 4.63%).
Downers:
Largecap and midcap losers today include Vodafone Idea Ltd. (2.95, -20.27%), Aurobindo Pharma Ltd. (395.75, -8.78%) and NBCC (India) Ltd. (37.30, -4.73%).
Volume Rockets
35 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Muthoot Finance Ltd. (710.95, 9.36%), Aegis Logistics Ltd. (179.00, 8.32%) and Suven Life Sciences Ltd. (318.50, 8.13%).
Top high volume losers on BSE were Vodafone Idea Ltd. (2.95, -20.27%), Aurobindo Pharma Ltd. (395.75, -8.78%) and Spicejet Ltd. (106.90, -6.10%).
Maharashtra Seamless Ltd. (383.70, 4.61%) was trading at 55.1 times of weekly average. Shoppers Stop Ltd. (360.55, -0.26%) and Fine Organic Industries Ltd. (1927.10, 1.99%) were trading with volumes 38.9 and 13.8 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
15 stocks made 52 week highs, while 16 stocks were underachievers and hit their 52 week lows.
Stocks touching their year highs included - Bajaj Finserv Ltd. (9066.35, 0.98%), Essel Propack Ltd. (138.45, 2.67%) and ICICI Bank Ltd. (498.00, 2.52%).
Stocks making new 52 weeks lows included - Aurobindo Pharma Ltd. (395.75, -8.78%) and Bajaj Electricals Ltd. (323.30, -0.69%).
14 stocks climbed above their 200 day SMA including Rain Industries Ltd. (105.40, 7.01%) and KNR Constructions Ltd. (245.50, 6.25%). 24 stocks slipped below their 200 SMA including Meghmani Organics Ltd. (55.00, -4.01%) and Advanced Enzyme Technologies Ltd. (166.50, -3.98%).