Approxmiately 20 lakh shares of Cipla changed hands in a single block. Share price for the stock is lower.
Share price of auto company Mahindra & Mahindra is up despite weakness in September quarter results. Net sales came down 15% YoY to Rs 10,935 crore. The company said that revenue is down 24% Rs 1,355 crore, while margins have fallen to 14.1% from 14.5% YoY. The weak performance still beat estimates amid a sector-wide slowdown.
Markets are volatile in the afternoon, recovering gains after falling earlier in the day. Nifty 50 was trading at 12019.80 (7.8, 0.1%) , BSE Sensex was trading at 40743.76 (90.0, 0.2%) while the broader Nifty 500 was trading at 9776.20 (11.9, 0.1%). Market breadth is neutral. Of the 1621 stocks traded today, 790 were gainers and 723 were losers.
NCC and DLF are among the top gainers in markets today.
About 15 lakh shares of Hindalco Industries changed hands in a large block.
Raymond, Galaxy Surfactants among stocks seeing positive breakouts today.
Markets are lower in morning trading, with Moody's lowering growth estimates for the Indian economy. Nifty 50 was trading at 11982.65 (-29.4, -0.2%) , BSE Sensex was trading at 40560.94 (-92.8, -0.2%) while the broader Nifty 500 was trading at 9760.50 (-3.8, -0.0%). Market breadth is in the green. Of the 1365 stocks traded today, 687 showed gains, and 586 showed losses.
Riding High:
Largecap and midcap gainers today include YES Bank Ltd. (71.50, 7.60%), DLF Ltd. (206.50, 7.27%) and Indraprastha Gas Ltd. (421.15, 7.11%).
Downers:
Largecap and midcap losers today include Bharat Forge Ltd. (442.05, -5.78%), Bharti Infratel Ltd. (221.15, -3.62%) and Berger Paints (India) Ltd. (489.45, -3.40%).
Crowd Puller Stocks
14 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Raymond Ltd. (799.90, 18.79%), Bombay Dyeing & Manufacturing Company Ltd. (94.25, 10.23%) and Indraprastha Gas Ltd. (421.15, 7.11%).
Top high volume losers on BSE were CG Power and Industrial Solutions Ltd. (16.50, -1.79%), Solar Industries India Ltd. (1041.45, -1.71%) and Mahindra Lifespace Developers Ltd. (386.00, -1.61%).
Coffee Day Enterprises Ltd. (40.80, 4.88%) was trading at 33.7 times of weekly average. Indiabulls Ventures Ltd. (134.95, 4.98%) and Galaxy Surfactants Ltd. (1568.00, 5.90%) were trading with volumes 14.2 and 11.5 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
20 stocks took off, crossing 52 week highs, while 4 stocks were underachievers and hit their 52 week lows.
Stocks touching their year highs included - Adani Transmission Ltd. (294.10, -1.49%), Avanti Feeds Ltd. (547.50, 4.52%) and Bajaj Finserv Ltd. (8935.05, 1.16%).
Stocks making new 52 weeks lows included - Bajaj Electricals Ltd. (328.60, -1.95%) and Inox Wind Ltd. (33.30, -5.53%).
15 stocks climbed above their 200 day SMA including Raymond Ltd. (799.90, 18.79%) and Tata Coffee Ltd. (86.00, 3.37%). 17 stocks slipped below their 200 SMA including Bharat Forge Ltd. (442.05, -5.78%) and Tamil Nadu Newsprint And Papers Ltd. (184.90, -4.47%).
