Analysts see investors waiting for results season before committing to adding to their portfolios. Concerns over macroeconomic data have fuelled questions of what the September quarter results will bring.
About 15.1 lakh shares of State Bank of India changed hands in a large deal.
Stocks whose current prices are crossing key resistances include L&T; Technology Services, BPCL. Trent also gains in share price today.
Crude oil prices have moved into bearish territory, with Brent crude now trading below $58/barrel.
Abbott India, Adani Green hit fresh year highs today.
YES Bank, Tata Motors and Godrej Properties among top gainers in markets today. YES Bank jumped after CEO Ravneet Gill clarified the bank's health in a conference call, noting no incremental stress in asset quality, and that the bank is in conversations with equity players on fundraising.
Problems intensify at Cox & Kings as the company's auditors resign.
Markets are lower in morning trade, as worries about global growth and the health of domestic banks rise. Nifty 50 was trading at 11290.60 (-69.3, -0.6%) , BSE Sensex was trading at 38152.73 (-152.7, -0.4%) while the broader Nifty 500 was trading at 9181.60 (-54.8, -0.6%)
Market breadth is in the red. Of the 1394 stocks traded today, 467 were gainers and 845 were losers.
Riding High:
Largecap and midcap gainers today include YES Bank Ltd. (42.90, 34.06%), Bharat Petroleum Corporation Ltd. (531.00, 7.51%) and Mangalore Refinery And Petrochemicals Ltd. (51.50, 6.63%).
Downers:
Largecap and midcap losers today include Edelweiss Financial Services Ltd. (87.30, -9.86%), Godrej Industries Ltd. (379.75, -6.68%) and Piramal Enterprises Ltd. (1558.00, -6.64%).
Volume Shockers
8 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Indian Hotels Company Ltd. (154.85, 0.98%) and KPR Mill Ltd. (548.00, 0.40%).
Top high volume losers on BSE were Edelweiss Financial Services Ltd. (87.30, -9.86%), Godrej Industries Ltd. (379.75, -6.68%) and Triveni Turbine Ltd. (100.75, -3.59%).
Security and Intelligence Services (India) Ltd. (845.20, -1.93%) was trading at 3.8 times of weekly average. Sanofi India Ltd. (5815.00, -0.51%) and Crisil Ltd. (1325.00, -1.77%) were trading with volumes 3.5 and 3.3 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
4 stocks took off, crossing 52 week highs, while 31 stocks tanked below their 52 week lows.
Stocks touching their year highs included - Abbott India Ltd. (10974.00, 1.04%), Bharat Petroleum Corporation Ltd. (531.00, 7.51%) and ICICI Prudential Life Insurance Company Ltd. (468.10, 0.27%).
Stocks making new 52 weeks lows included - Andhra Bank (16.60, -0.60%) and Corporation Bank (14.45, -1.37%).
11 stocks climbed above their 200 day SMA including Allcargo Logistics Ltd. (109.70, 5.84%) and Aditya Birla Fashion and Retail Ltd. (209.50, 1.45%). 29 stocks slipped below their 200 SMA including Tamil Nadu Newsprint And Papers Ltd. (192.65, -5.15%) and Birla Corporation Ltd. (539.00, -4.02%).
Photo by Appaiah
