Nifty 50 closed at 11247.55 (25.2, 0.2%) , BSE Sensex closed at 38067.93 (94.7, 0.3%) while the broader Nifty 500 closed at 9341.75 (22.1, 0.2%)
Market breadth is in the red. Of the 1668 stocks traded today, 705 were on the uptick, and 889 were down.
Adani Green Energy maintains 100% delivery for two consecutive days. The renewable energy company's price has jumped 27% over the past week.
Shree Pushkar Chemicals & Fertilisers' joint managing director Gautam Makharia reacquires 1.8 lakh shares in the company valued at over 2 crores.
ICICI Securities signals a 'Hold' rating on Laurus Labs following the pharmaceutical company's stock split with an ex-date of September 29.
Mazagon Dock Shipbuilders subscribed by 5 times on day 2. The public sector undertaking's IPO is a complete OFS of over 3 crore equity shares at a price band of Rs. 135 to Rs. 145.
Sumitomo Chemical India, Sundaram Finance, Adani Green Energy, and Garden Reach Shipbuilders & Engineers are trading with volume higher than the weekly average.
Surya Roshni's promoter group reacquires 57,000 shares in the household appliances manufacturer via a market purchase at an average price of Rs. 205.8 per share, valuing the deal at Rs. 1.1 crores.
Torrent Pharmaceuticals, Dr. Reddy's Laboratories, Cipla, and Cadila Healthcare are in the green as pharma stocks rise.
ICICI Securities is a 'Buy' on Supreme Industries citing the plastics manufacturer's strong recovery in packaging and piping verticals in non-metro cities in Q2FY21.
Welspun Corp is rising as the pipes manufacturer receives domestic and export orders worth Rs. 1,400 crores.
Virendra Mhaiskar, the managing director of IRB Infrastructure Developers picks up 25 lakh shares in the company via a market purchase at an average price of Rs. 114.2 per share, valuing the insider trade at Rs. 28.5 crores.
Reliance Industries is rising as General Atlantic, a growth equity firm, will invest Rs. 3,675 crores into the company's retail-wing Reliance Retail Ventures for a 0.8% stake. In the past month, Silver Lake and KKR have picked up 1.7% and 1.2% equity stake in the retail subsidiary respectively.
Nifty 50 was trading at 11210.70 (-11.7, -0.1%) , BSE Sensex was trading at 37965.25 (-8.0, -0.0%) while the broader Nifty 500 was trading at 9316.90 (-2.8, -0.0%)
Market breadth is in the green. Of the 1456 stocks traded today, 731 were in the positive territory and 616 were negative.
Riding High:
Largecap and midcap gainers today include Astral Poly Technik Ltd. (1224.80, 5.99%), MphasiS Ltd. (1383.45, 5.00%) and AIA Engineering Ltd. (1848.55, 4.87%).
Downers:
Largecap and midcap losers today include Bharat Petroleum Corporation Ltd. (353.05, -8.67%), Steel Authority of India (SAIL) Ltd. (33.75, -5.20%) and Future Retail Ltd. (90.10, -4.96%).
Volume Rockets
14 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Garden Reach Shipbuilders & Engineers Ltd. (216.35, 13.07%), Himatsingka Seide Ltd. (91.50, 7.46%) and Somany Ceramics Ltd. (194.80, 6.65%).
Top high volume losers on BSE were Central Bank of India (14.30, -9.49%), Bharat Petroleum Corporation Ltd. (353.05, -8.67%) and Sumitomo Chemical India Ltd. (288.00, -3.27%).
Minda Corporation Ltd. (73.20, 3.76%) was trading at 4.8 times of weekly average. KPR Mill Ltd. (650.10, -2.56%) and Linde India Ltd. (777.10, 6.26%) were trading with volumes 4.5 and 4.2 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
9 stocks overperformed with 52 week highs,
Stocks touching their year highs included - Apollo Hospitals Enterprise Ltd. (2148.05, 3.01%), Balkrishna Industries Ltd. (1477.00, -0.30%) and Bliss GVS Pharma Ltd. (170.20, 6.04%).
11 stocks climbed above their 200 day SMA including Grindwell Norton Ltd. (545.15, 5.41%) and GMM Pfaudler Ltd. (3983.80, 5.00%). 14 stocks slipped below their 200 SMA including Tata Steel Ltd. (359.75, -2.78%) and Varun Beverages Ltd. (698.30, -2.70%).