The market closed on an upbeat note. Nifty 50 closed at 15183.55 (277.5, 1.9%) , BSE Sensex closed at 50540.48 (975.6, 2.0%) while the broader Nifty 500 closed at 12924.25 (187.8, 1.5%)
Market breadth is in the green. Of the 1738 stocks traded today, 1050 were gainers and 657 were losers.
Blue Star, Dalmia Bharat, Emami, and Vakrangee are trading with higher delivery volumes compared to Thursday
State Bank of India reports an 81% jump YoY in Q4 net profits to Rs 6,451 crore and a 19% growth in net interest income to Rs 27,067 crore.
Zee Entertainment Enterprises reports net profits of Rs 275.7 crore in Q4 against a loss of Rs 766 crore in the year ago period, and revenues remain flat at Rs 1,984.4 crore.
IndusInd Bank's Managing Director Sumant Kathpalia disposes 33,000 shares in the company worth Rs 3.2 crore through an insider trade.
Axis Securities downgrades its rating to 'Hold' from 'Buy' on Aarti Industries due to the specialty chemicals company's high valuations. Its TTM price to earnings ratio is 55 times earnings, against a three-year average PE of 30 times.
IndiaMART InterMESH's Chief Financial Officer Prateek Chandra sells 3,000 shares worth Rs 2.2 crore via an insider trade.
Torrent Power, Responsive Industries, Lux Industries, and JK Lakshmi Cement are trading in the green with more than six times the average weekly trading volume.
ICICI Securities maintains a 'Buy' rating on Brigade Enterprises on the back of sales of Rs 1,018 crore, up 58% YoY in Q4.
Ashish Kacholia increases his stake in Garware Hi-Tech Films by 0.5% acquiring 1.2 lakh shares for Rs 9.6 crore via a bulk deal.
Union Bank of India raises Rs 1,447 crore through the issuance of equity shares via a qualified institutional placement at Rs 33.8 per share.
Havells India reports a 71% rise YoY in net profits to Rs 303.8 crore in Q4 and a 51% growth in revenues to Rs 3,375.8 crore.
MindTree will acquire Larsen & Toubro's cloud computing platform NxT Digital Business for Rs 198 crore. The acquisition is expected to boost MindTree's engineering and manufacturing vertical.
Hindustan Petroleum Corporation reports net profits of Rs 3,060.7 crore in Q4 against a loss of Rs 27.6 crore in the year ago period, with revenues up by 13.1% YoY to Rs 75,294 crore.
The market opened on an upbeat note. Nifty 50 was trading at 15017.30 (111.3, 0.8%) , BSE Sensex was trading at 50007.63 (442.8, 0.9%) while the broader Nifty 500 was trading at 12830.65 (94.2, 0.7%)
Market breadth is surging up. Of the 1651 stocks traded today, 1272 were in the positive territory and 333 were negative.
Riding High:
Largecap and midcap gainers today include Motilal Oswal Financial Services Ltd. (815.00, 9.04%), Natco Pharma Ltd. (990.80, 6.02%) and Bank of Baroda (80.90, 5.75%).
Downers:
Largecap and midcap losers today include Havells India Ltd. (1027.80, -4.15%), Bosch Ltd. (15271.60, -3.62%) and Balkrishna Industries Ltd. (2132.00, -2.06%).
Volume Shockers
35 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Indian Bank (142.20, 12.28%), Jamna Auto Industries Ltd. (77.60, 10.54%) and Motilal Oswal Financial Services Ltd. (815.00, 9.04%).
Top high volume losers on BSE were Havells India Ltd. (1027.80, -4.15%), Varun Beverages Ltd. (992.50, -1.34%) and Lux Industries Ltd. (2045.65, -0.58%).
Torrent Power Ltd. (450.60, 4.61%) was trading at 14.5 times of weekly average. JK Lakshmi Cement Ltd. (493.40, 5.93%) and PNB Housing Finance Ltd. (417.80, 6.36%) were trading with volumes 8.6 and 8.1 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
33 stocks took off, crossing 52 week highs,
Stocks touching their year highs included - Adani Transmission Ltd. (1453.00, 4.85%), Bharat Electronics Ltd. (157.60, 0.51%) and Blue Dart Express Ltd. (5910.00, 1.70%).
9 stocks climbed above their 200 day SMA including JM Financial Ltd. (84.85, 6.26%) and UCO Bank (12.70, 1.20%). 3 stocks slipped below their 200 SMA including EPL Ltd. (245.05, -1.55%) and Petronet LNG Ltd. (236.20, -0.08%).