Market breadth is in the green. Of the 1679 stocks traded today, 976 showed gains, and 615 showed losses.
CFO of Adani Green Energy Ashish Garg has resigned.
Unichem Labs is gaining sharply today after the company received a new drug application approval for their hypertension tablets, Atenolol from the US FDA
Recent meetings: Ashish Kacholia's investment team Lucky Securities met with Eris LifeSciences management.
Bharti Airtel, Reliance Industries and three other firms expected to bid for the assets of Reliance Communications . RCom is in the positive breakout screener today.
ICICI Securities recommends subscribing to the CSB Bank IPO. So far the offer has received 1.7 times subscription by 11.15 am on Monday, which is Day 2 for subscription to the IPO.
YES Bank has offloaded shares of Reliance Capital, selling 13.2 lakh shares (0.52%) at Rs 16.39 each.
Approximately 18.8 lakh shares of Dewan Housing Finance Corporation have changed hands in a large trade, as the company has entered bankruptcy proceedings.
eClerx, Narayana Hrudayalaya, Adani Green among top gainers today.
The market opened on an upbeat note. Nifty 50 was trading at 11958.20 (43.8, 0.4%) , BSE Sensex was trading at 40563.32 (203.9, 0.5%) while the broader Nifty 500 was trading at 9715.20 (35.9, 0.4%). Market breadth is in the green. Of the 1424 stocks traded today, 832 were in the positive territory and 503 were negative.
Riding High:
Largecap and midcap gainers today include Aditya Birla Capital Ltd. (111.15, 10.98%), Indiabulls Housing Finance Ltd. (262.95, 10.79%) and Bharti Infratel Ltd. (250.80, 8.10%).
Downers:
Largecap and midcap losers today include Zee Entertainment Enterprises Ltd. (341.75, -4.57%), HDFC Asset Management Company Ltd. (3587.20, -3.25%) and IDBI Bank Ltd. (37.65, -2.71%).
Crowd Puller Stocks
17 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Inox Wind Ltd. (37.25, 16.22%), DCM Shriram Ltd. (358.30, 14.53%) and Redington (India) Ltd. (127.50, 12.78%).
Top high volume losers on BSE were IIFL Finance Ltd. (138.50, -4.58%), Blue Dart Express Ltd. (2060.95, -2.51%) and DB Corp Ltd. (141.05, -0.63%).
Himadri Speciality Chemical Ltd. (69.00, 8.07%) was trading at 8.6 times of weekly average. Procter & Gamble Hygiene & Healthcare Ltd. (11077.40, 2.56%) and Somany Ceramics Ltd. (190.35, 5.60%) were trading with volumes 8.5 and 7.4 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
10 stocks overperformed with 52 week highs, while 3 stocks hit their 52 week lows.
Stocks touching their year highs included - Bajaj Finserv Ltd. (9211.00, 1.90%), Bharti Airtel Ltd. (454.40, 8.02%) and DLF Ltd. (221.00, 1.73%).
Stocks making new 52 weeks lows included - Blue Dart Express Ltd. (2060.95, -2.51%) and Shoppers Stop Ltd. (340.20, -0.90%).
23 stocks climbed above their 200 day SMA including Jindal Steel & Power Ltd. (154.20, 6.93%) and Hindustan Copper Ltd. (42.30, 5.35%). 9 stocks slipped below their 200 SMA including KNR Constructions Ltd. (236.40, -2.41%) and Greaves Cotton Ltd. (134.85, -1.68%).
