Sensex gained initially before flattening out in morning trade. Market breadth is highly positive. Of the 1682 stocks traded today, 1071 were in the positive territory and 527 were negative. Jaiprakash Associates Limited is the big gainer in share price today after reporting a profit of Rs 764.99 crore in the June quarter, after 12 consecutive quarter losses. JP Associates was a stock that Rakesh Jhunjhunwala recently added to his portfolio. 

Riding High:

Largecap and midcap gainers today include Jaiprakash Associates Limited (28.40 12.03%), Apollo Tyres Limited (275.40 4.97%) and Torrent Power Limited (194.65 3.37%).

Downers:

Largecap and midcap losers today include Bayer Cropscience Limited (4390.00 -3.94%), Housing Development and Infrastructure Limited (73.00 -3.63%) and Shriram City Union Finance Limited (2195.20 -2.30%).

BSE 500: highs, lows and moving averages

26 stocks hit their 52 week highs, while 5 stocks tanked below their 52 week lows.

Stocks touching their year highs included - ACC Limited (1801.00 -1.04%), Avanti Feeds Limited (1829.90 2.69%) and Bajaj Finance Limited (1749.30 1.12%).

Stocks making new 52 weeks lows included - Dr. Reddy's Laboratories Limited (2240.95 -0.14%) and Intellect Design Arena Limited (107.20 -0.28%).

7 stocks climbed above their 200 day SMA including Torrent Power Limited (194.65 3.37%) and FAG Bearings India Limited (4399.95 2.36%).