The BSE Sensex jumped 0.55 percent today to close at an all-time high of 40,469.78. The Nifty 50 rose 0.41 percent, ending at 11,966.05. Market breadth is in the red. Of the 1649 stocks traded today, 736 were gainers and 830 were losers.
- Torrent Power jumps on strong results. Revenue for the company rose 11.5 percent to Rs 3,842 crore, while net profit rose 83 percent to Rs 754.4 crore in the September quarter.
Avanti Feeds, Varun Beverages, SRF see fresh highs today. - About 13 lakh shares of Lakshmi Vilas Bank changed hands in a large deal.
- New year highs today for Gujarat Gas, Credit ACC.
- Titan shares are sharply lower today after the company cut its guidance for the second half of the year. Rakesh Jhunjhunwala's favourite stock taking a beating could spell danger for a portfolio where more than half of the investments are in this company.
- Markets are lower in morning trading. Nifty 50 was trading at 11893.05 (-24.2, -0.2%) , BSE Sensex was trading at 40142.47 (-105.8, -0.3%) while the broader Nifty 500 was trading at 9685.55 (-8.5, -0.1%). Market breadth is in the green. Of the 1359 stocks traded today, 738 were in the positive territory and 553 were negative.
Riding High:
Largecap and midcap gainers today include Varun Beverages Ltd. (757.10, 7.86%), GMR Infrastructure Ltd. (22.15, 7.26%) and Indiabulls Ventures Ltd. (122.45, 4.97%).
Downers:
Largecap and midcap losers today include Titan Company Ltd. (1153.70, -10.13%), Vodafone Idea Ltd. (3.85, -8.33%) and Apollo Tyres Ltd. (168.15, -6.51%).
Movers and Shakers
31 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Westlife Development Ltd. (387.55, 10.67%), PC Jeweller Ltd. (34.90, 7.88%) and Varun Beverages Ltd. (757.10, 7.86%).
Top high volume losers on BSE were GE T&D India Ltd. (170.75, -11.76%), Titan Company Ltd. (1153.70, -10.13%) and Bajaj Electricals Ltd. (351.40, -7.99%).
Shriram City Union Finance Ltd. (1336.00, 0.88%) was trading at 16.2 times of weekly average. Aavas Financiers Ltd. (1490.00, 1.10%) and Crisil Ltd. (1500.00, 0.09%) were trading with volumes 7.4 and 7.3 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
15 stocks took off, crossing 52 week highs, while 6 stocks tanked below their 52 week lows.
Stocks touching their year highs included - Avanti Feeds Ltd. (488.40, 5.69%), Bajaj Finance Ltd. (4184.55, -1.02%) and Dabur India Ltd. (476.35, -1.04%).
Stocks making new 52 weeks lows included - Cyient Ltd. (388.90, -3.05%) and Gateway Distriparks Ltd. (88.95, -1.28%).
14 stocks climbed above their 200 day SMA including Sun Pharma Advanced Research Company Ltd. (152.80, 7.15%) and Jai Corp Ltd. (97.00, 6.83%). 19 stocks slipped below their 200 SMA including Firstsource Solutions Ltd. (45.60, -7.32%) and Greaves Cotton Ltd. (130.55, -4.32%).
