Markets closed lower today, after a seven-day stretch of gains. Nifty 50 closed at 11918.60 (-22.7, -0.2%) , BSE Sensex closed at 40248.23 (-53.7, -0.1%) while the broader Nifty 500 closed at 9693.35 (-39.1, -0.4%). Market breadth is in the red. Of the 1661 stocks traded today, 601 were on the uptrend, and 972 went down.
- Infosys falls, as the company plans to lay off around 2,200 people, including senior and mid level employees.
- Rising provisions and an upward trend in non-performing assets in Punjab National Bank (PNB)'s Q2 numbers trouble investors. Gross NPAs rose to 16.76 percent versus 16.49 percent QoQ, while net NPAs rose to 7.65 percent from 7.17 percent QoQ. Provisions are also up, at Rs. 2928.9 crore in September versus Rs. 2023.3 crore in the June quarter.
- 10+ stocks in Trendlyne's DVM Select strategy, including Varun Beverages, gained 10%+ in the past month
- Markets are volatile as it heads to the afternoon. FMCG company Varun Beverages has hit a record high today.
- Nifty 50 was trading at 11934.90 (-6.4, -0.1%) , BSE Sensex was trading at 40319.11 (17.2, 0.0%) while the broader Nifty 500 was trading at 9724.45 (-8.0, -0.1%)
Riding High:
Largecap and midcap gainers today include Varun Beverages Ltd. (698.20, 10.47%), Indiabulls Ventures Ltd. (116.65, 5.00%) and Dabur India Ltd. (482.90, 4.89%).
Downers:
Largecap and midcap losers today include Vodafone Idea Ltd. (4.15, -7.78%), Bharat Electronics Ltd. (112.50, -5.86%) and Punjab National Bank (64.60, -5.28%).
Crowd Puller Stocks
35 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Varun Beverages Ltd. (698.20, 10.47%), Deepak Nitrite Ltd. (361.50, 6.76%) and Reliance Capital Ltd. (22.30, 4.94%).
Top high volume losers on BSE were Intellect Design Arena Ltd. (149.65, -19.95%), KRBL Ltd. (212.15, -7.94%) and Prism Johnson Ltd. (78.15, -6.07%).
Dalmia Bharat Ltd. (823.00, 1.26%) was trading at 51.0 times of weekly average. Chalet Hotels Ltd. (332.00, -0.02%) and Triveni Turbine Ltd. (103.55, -2.40%) were trading with volumes 29.6 and 12.0 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
16 stocks overperformed with 52 week highs, while 5 stocks were underachievers and hit their 52 week lows.
Stocks touching their year highs included - Adani Transmission Ltd. (283.10, -0.49%), Akzo Nobel India Ltd. (2245.00, 4.60%) and Bajaj Finance Ltd. (4250.00, 3.33%).
Stocks making new 52 weeks lows included - Intellect Design Arena Ltd. (149.65, -19.95%) and Jagran Prakashan Ltd. (55.30, -2.21%).
18 stocks climbed above their 200 day SMA including AIA Engineering Ltd. (1726.00, 2.90%) and UPL Ltd. (607.60, 2.25%). 24 stocks slipped below their 200 SMA including Caplin Point Laboratories Ltd. (387.00, -5.01%) and Cera Sanitaryware Ltd. (2603.00, -3.90%).