Markets closed up today. Nifty 50 closed at 11050.25 (244.7, 2.3%) , BSE Sensex closed at 37388.66 (835.1, 2.3%) while the broader Nifty 500 closed at 9156.10 (211.4, 2.4%)
Market breadth is overwhelmingly positive. Of the 1676 stocks traded today, 1337 were gainers and 263 were losers.
Orient Refractories, Alok Industries, Godrej Industries, and Ratnamani Metals & Tubes are trading with rising delivery volumes.
ICICI Securities is a 'Hold' on Elgi Equipments as the air compressor manufacturer turns ex-bonus today following the issue of 1:1 bonus shares
The promoter group of Resonance Specialities has begun disposing of their holdings. In the past week, over 1.1 lakh shares have been disposed.
Granules India, Coforge, and Suven Pharmaceuticals are trading in the green having hit fresh 52-week highs.
Varun Beverages, Advanced Enzyme Technologies, Godfrey Phillips, and Alok Industries are trading with volume higher than the weekly average.
Sharekhan is a 'Buy' on Tech Mahindra with an increased upside stating that the technology company would return to sequential growth with margin improvements in Q2FY21.
Indiabulls Real Estate, Karda Constructions, Suntech Realty, DLF, and Prestige Estates Projects trade in the green as realty stocks move up.
Over 39.6 lakh shares in Max Financial Services were disposed of by promoters on 24 September at an average price of Rs. 596.9 per share, valuing the insider trade at Rs. 236.8 crores.
Rites is rising as the construction and engineering company bags an order worth Rs. 204.5 crores from South Central Railway.
Nalanda India Equity fund buys over 41 lakh shares at a 3.7% stake in Advanced Enzyme Technologies for Rs. 110.5 crores. The stock's price surged by 19% on 24 September.
Granules India is rising as three private equity companies, KKR, Bain Capital, and Blackstone Group are potentially vying for a stake in the pharmaceutical company.
Vanguard Group's emerging markets fund buys over 64,000 shares in Dixon Technologies at an average price of Rs. 8,402 per share, valuing the bulk deal at Rs. 54.1 crores.
Markets opened high. Nifty 50 was trading at 10905.10 (99.6, 0.9%) , BSE Sensex was trading at 37022.10 (468.5, 1.3%) while the broader Nifty 500 was trading at 9030.70 (86.0, 1.0%)
Market breadth is overwhelmingly positive. Of the 1490 stocks traded today, 1178 were on the uptick, and 241 were down.
Riding High:
Largecap and midcap gainers today include Ashok Leyland Ltd. (76.30, 13.20%), Vodafone Idea Ltd. (10.30, 13.19%) and GMR Infrastructure Ltd. (23.50, 11.11%).
Downers:
Largecap and midcap losers today include Union Bank of India (24.25, -2.41%), Aditya Birla Fashion and Retail Ltd. (128.20, -1.42%) and Crompton Greaves Consumer Electricals Ltd. (260.90, -1.23%).
Crowd Puller Stocks
10 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included IFB Industries Ltd. (616.55, 12.41%), KRBL Ltd. (284.90, 12.03%) and Garware Technical Fibres Ltd. (1987.55, 7.93%).
Top high volume losers on BSE were Alok Industries Ltd. (22.15, -4.94%), CARE Ratings Ltd. (357.00, -2.22%) and Metropolis Healthcare Ltd. (1752.60, -1.33%).
Eris Lifesciences Ltd. (539.80, 3.22%) was trading at 19.4 times of weekly average. Varun Beverages Ltd. (695.50, 1.98%) and Redington (India) Ltd. (118.00, 4.75%) were trading with volumes 7.4 and 4.6 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
6 stocks overperformed with 52 week highs, while 1 stock tanked below their 52 week lows.
Stocks touching their year highs included - Apollo Hospitals Enterprise Ltd. (2027.65, 4.11%), Granules India Ltd. (375.95, 4.26%) and Coforge Ltd. (2304.35, 8.98%).
Stock making new 52 weeks lows included - Coal India Ltd. (117.10, 1.21%).
28 stocks climbed above their 200 day SMA including Manappuram Finance Ltd. (153.05, 8.70%) and Gujarat State Fertilizer & Chemicals Ltd. (59.70, 7.76%). 12 stocks slipped below their 200 SMA including Central Bank of India (16.20, -2.41%) and Brigade Enterprises Ltd. (157.10, -1.78%).