Market breadth is highly negative. Of the 1673 stocks traded today, 418 showed gains, and 1183 showed losses.
Housing Development & Infrastructure is at a record low as investigations mount on its links and borrowings with PMC Bank, which has fallen under RBI scrutiny.
Result season for the September quarter will kick off today, with major September results starting to come in after October 10. See the full results calendar.
Indiabulls stocks are among the top losers today after a court ordered probe has been launched against Indiabulls Housing Finance.
Sonata Software is among the top gainers today as analysts say the company's major client is likely to gain from Thomas Cook's bankruptcy.
Internet firm Infibeam Avenues gets a credit downgrade from ICRA, going from ICRA A to ICRA A-. The explanation was lower margins due to new business expansion.
Troubled companies in the news: DHFL submits resolution plan, Reliance Capital says it has completed pending credit payments on NCDs and other instruments.
Indian markets slumped today. Nifty 50 was trading at 11479.25 (-33.2, -0.3%) , BSE Sensex was trading at 38617.33 (-205.2, -0.5%) while the broader Nifty 500 was trading at 9364.85 (-30.8, -0.3%)
Riding High:
Largecap and midcap gainers today include Vodafone Idea Ltd. (6.20, 9.73%), Bharti Airtel Ltd. (369.90, 5.96%) and UPL Ltd. (604.90, 3.93%).
Downers:
Largecap and midcap losers today include Indiabulls Housing Finance Ltd. (251.00, -35.66%), Indiabulls Ventures Ltd. (123.85, -19.99%) and YES Bank Ltd. (41.45, -14.97%).
Movers and Shakers
10 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Vodafone Idea Ltd. (6.20, 9.73%), Sonata Software Ltd. (329.90, 8.32%) and Bharti Airtel Ltd. (369.90, 5.96%).
Top high volume losers on BSE were Indiabulls Housing Finance Ltd. (251.00, -35.66%), Narayana Hrudayalaya Ltd. (222.00, -6.13%) and Maharashtra Seamless Ltd. (385.95, -0.89%).
Gayatri Projects Ltd. (111.25, 3.06%) was trading at 7.3 times of weekly average. Gujarat Gas Ltd. (176.00, 2.12%) and The New India Assurance Company Ltd. (109.10, 3.22%) were trading with volumes 4.1 and 3.8 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
10 stocks overperformed with 52 week highs, while 34 stocks were underachievers and hit their 52 week lows.
Stocks touching their year highs included - Bajaj Finance Ltd. (4047.00, -0.26%), Bajaj Finserv Ltd. (8511.10, -0.46%) and Berger Paints (India) Ltd. (435.35, -1.38%).
Stocks making new 52 weeks lows included - Allahabad Bank (28.80, -2.70%) and Andhra Bank (17.15, -6.03%).
11 stocks climbed above their 200 day SMA including Sonata Software Ltd. (329.90, 8.32%) and UPL Ltd. (604.90, 3.93%). 24 stocks slipped below their 200 SMA including IndusInd Bank Ltd. (1392.55, -5.96%) and IDFC Ltd. (34.15, -5.53%).
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