Stocks breaking out past their second resistance today.
State-run insurance companies rose sharply, and are among the top gainers today.
Federal Bank declines on results showing falling operating profit and margins YoY. See the full result analyzer.
Reliance Capital blames CARE Ratings for inability to pay vendors, saying that the D rating CARE assigned to RelCap "initiated acceleration, etc. of various facilities by certain lenders and consequential demands for immediate payment of amounts that were otherwise due...over the next 8 years."
Bajaj Consumer is among the top gainers today, rising by double digit percentages after it fell sharply yesterday, following its promoter selling 22 percent stake in a single large trade. This brings down promoter Bajaj Resources’ holding in the company to 38 percent.
CFO of beleagured Cox & Kings resigns. Anil Khandelwal resigned from the company citing 'personal reasons'.
Markets are higher in morning trade. Nifty 50 was trading at 11465.95 (37.7, 0.3%) , BSE Sensex was trading at 38652.82 (146.7, 0.4%) while the broader Nifty 500 was trading at 9287.90 (34.1, 0.4%)
Riding High:
Largecap and midcap gainers today include General Insurance Corporation of India (260.60, 19.98%), Edelweiss Financial Services Ltd. (82.00, 8.18%) and Emami Ltd. (320.55, 6.04%).
Downers:
Largecap and midcap losers today include PNB Housing Finance Ltd. (381.40, -12.66%), Indiabulls Housing Finance Ltd. (168.45, -10.92%) and Indiabulls Ventures Ltd. (81.55, -9.99%).
Crowd Puller Stocks
33 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Bajaj Consumer Care Ltd. (244.35, 19.99%), GIC Housing Finance Ltd. (158.50, 19.98%) and General Insurance Corporation of India (260.60, 19.98%).
Top high volume losers on BSE were PNB Housing Finance Ltd. (381.40, -12.66%), ITD Cementation India Ltd. (36.10, -7.20%) and ICICI Lombard General Insurance Company Ltd. (1204.45, -4.85%).
Schaeffler India Ltd. (4149.00, 0.49%) was trading at 42.3 times of weekly average. The New India Assurance Company Ltd. (113.85, 19.97%) and Inox Wind Ltd. (36.80, 16.46%) were trading with volumes 21.7 and 17.7 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
7 stocks overperformed with 52 week highs, while 26 stocks were underachievers and hit their 52 week lows.
Stocks touching their year highs included - Multi Commodity Exchange of India Ltd. (1021.45, 0.57%), Nestle India Ltd. (14385.45, 2.12%) and Siemens Ltd. (1615.25, 1.46%).
Stocks making new 52 weeks lows included - Allahabad Bank (24.55, -1.41%) and BASF India Ltd. (950.25, 1.99%).
13 stocks climbed above their 200 day SMA including General Insurance Corporation of India (260.60, 19.98%) and Sunteck Realty Ltd. (438.75, 4.84%). 4 stocks slipped below their 200 SMA including Jindal Stainless Ltd. (33.35, -2.77%) and AIA Engineering Ltd. (1680.00, -2.02%).
