- A pattern that last occurred in January 2019 appears again post Diwali: the Sensex forms a golden cross. The Nifty India Consumer Index and the Nifty Alpha formed golden crosses yesterday.
- The Sensex and the Nifty have built on their gains from yesterday in early trading, with the BSE Sensex now crossing 40,000, up 0.52%.
- Top gainers today include Advanced Enzyme and BHEL.
- Nifty 50 was trading at 11825.05 (38.2, 0.3%) , BSE Sensex was trading at 39816.78 (-15.1, -0.0%) while the broader Nifty 500 was trading at 9635.85 (37.5, 0.4%). Market breadth is ticking up strongly. Of the 1334 stocks traded today, 871 were on the uptick, and 380 were down.
Riding High:
Largecap and midcap gainers today include Bharat Heavy Electricals Ltd. (59.85, 11.25%), Vodafone Idea Ltd. (4.10, 6.49%) and Edelweiss Financial Services Ltd. (93.45, 4.41%).
Downers:
Largecap and midcap losers today include Hindustan Zinc Ltd. (213.50, -3.06%), Bandhan Bank Ltd. (605.70, -2.97%) and Tata Motors Ltd. (168.75, -2.15%).
BSE 500: highs, lows and moving averages
19 stocks overperformed with 52 week highs, while 4 stocks hit their 52 week lows.
Stocks touching their year highs included - Akzo Nobel India Ltd. (2071.50, 1.21%), Asian Paints Ltd. (1820.35, 0.34%) and BEML Ltd. (1089.35, 8.04%).
Stocks making new 52 weeks lows included - Dewan Housing Finance Corporation Ltd. (16.50, 3.77%) and Lakshmi Vilas Bank Ltd. (13.35, -4.98%).
20 stocks climbed above their 200 day SMA including ITI Ltd. (98.50, 13.54%) and Rashtriya Chemicals & Fertilizers Ltd. (58.40, 10.71%). 4 stocks slipped below their 200 SMA including Welspun India Ltd. (54.55, -1.98%) and Swan Energy Ltd. (103.90, -1.24%).
