Upbeat trading today. Nifty 50 closed at 11656.75 (70.4, 0.6%) , BSE Sensex closed at 39298.38 (246.3, 0.6%) while the broader Nifty 500 closed at 9476.10 (85.1, 0.9%). Market breadth is surging up. Of the 1652 stocks traded today, 1141 were in the positive territory and 415 were negative.
- Markets closed higher for the sixth day in a row, marking the longest streak in seven months for the Sensex and Nifty.
- About 14.8 lakh shares of Lakshmi Vilas Bank changed hands in a block deal. Share price for the stock is sharply down.
- Share price of Bharat Heavy Electricals (BHEL) jumped today, gaining over 25% on reports that the government was looking to sell its stake in the company.
- Exceptional gains lifted TVS Motor Company's Q2 net profit numbers, driving share prices up.
- Zee Entertainment is falling today after weak results.
- About 15.9 lakh shares of Reliance Power changed hands in a block deal.
- Markets are volatile in morning trade. Nifty 50 was trading at 11578.70 (-7.7, -0.1%) , BSE Sensex was trading at 39169.90 (117.8, 0.3%) while the broader Nifty 500 was trading at 9399.60 (8.6, 0.1%)
Riding High:
Largecap and midcap gainers today include Bharat Heavy Electricals Ltd. (53.95, 20.96%), Indiabulls Housing Finance Ltd. (236.75, 19.60%) and PNB Housing Finance Ltd. (483.35, 17.67%).
Downers:
Largecap and midcap losers today include Mangalore Refinery And Petrochemicals Ltd. (48.70, -5.44%), Zee Entertainment Enterprises Ltd. (250.30, -5.35%) and 3M India Ltd. (21730.00, -5.03%).
Volume Shockers
60 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Bharat Heavy Electricals Ltd. (53.95, 20.96%), Hindustan Copper Ltd. (38.75, 19.97%) and MMTC Ltd. (18.45, 18.27%).
Top high volume losers on BSE were Mangalore Refinery And Petrochemicals Ltd. (48.70, -5.44%), 3M India Ltd. (21730.00, -5.03%) and Oriental Bank of Commerce (49.50, -4.99%).
Lakshmi Vilas Bank Ltd. (19.00, -4.76%) was trading at 147.2 times of weekly average. Ratnamani Metals & Tubes Ltd. (920.00, -0.63%) and KPR Mill Ltd. (608.00, 7.71%) were trading with volumes 34.5 and 16.3 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
27 stocks made 52 week highs, while 7 stocks tanked below their 52 week lows.
Stocks touching their year highs included - Atul Ltd. (4194.10, -0.34%), Bajaj Finance Ltd. (4129.90, 0.56%) and Berger Paints (India) Ltd. (498.80, 2.53%).
Stocks making new 52 weeks lows included - Dhanuka Agritech Ltd. (291.95, -0.95%) and Jain Irrigation Systems Ltd. (11.15, -4.70%).
37 stocks climbed above their 200 day SMA including Birla Corporation Ltd. (589.55, 8.49%) and KPR Mill Ltd. (608.00, 7.71%). 7 stocks slipped below their 200 SMA including 3M India Ltd. (21730.00, -5.03%) and Sunteck Realty Ltd. (401.05, -3.54%).