Nifty 50 closed at 12155.40 (54.7, 0.5%) , BSE Sensex closed at 41130.17 (109.6, 0.3%) while the broader Nifty 500 closed at 9873.20 (57.3, 0.6%). Market breadth is in the green. Of the 1658 stocks traded today, 847 were on the uptrend, and 722 went down.
- Nifty index’s futures and options series has gained for the third straight month in November.
- About 13 lakh shares of Hatsun Agro and 10 lakh shares of NALCO changed hands.
- Adani Green, ICICI Bank hit fresh 52 week highs today.
- Motilal Oswal says Colgate Palmolive is a buy, with an upside of 22% at a target price of Rs. 1,815. MOswal expects agri demand to recover somewhat in the coming quarters, noting that, "Good Rabi crop may not necessarily translate into a significant boost for FMCG sector volumes. It may take rural growth at par with urban growth. Anything more is a bonus."
- Real estate firm Sobha gains on Morgan Stanley optimism on better performance in the second half of FY20. Morgan Stanley pointed to the "steady pace of new launches" as reason for a better H2.
- Behemoth Reliance Industries has now crossed a market capitalization of Rs. 10 lakh crore, becoming the first Indian company to do so. Last month RIL crossed the Rs. 9 lakh crore market cap. This makes it India's most valuable company.
- Tata Communications jumps after signing a deal with Singapore firm Kacific to provide terrestrial connectivity services as it prepares first satellite launch.
- Top gainers today include banking and finance stocks, as well as telecom firm Vodafone Idea.
- Nifty 50 was trading at 12112.15 (11.5, 0.1%) , BSE Sensex was trading at 41065.17 (44.6, 0.1%) while the broader Nifty 500 was trading at 9826.65 (10.7, 0.1%). Market breadth is in the green. Of the 1352 stocks traded today, 689 were in the positive territory and 567 were negative.
Riding High:
Largecap and midcap gainers today include Indiabulls Housing Finance Ltd. (341.55, 27.37%), Bharti Infratel Ltd. (257.30, 14.20%) and Vodafone Idea Ltd. (6.65, 12.71%).
Downers:
Largecap and midcap losers today include Cummins India Ltd. (545.00, -3.15%), Zee Entertainment Enterprises Ltd. (311.25, -2.58%) and Bosch Ltd. (16200.05, -2.50%).
Crowd Puller Stocks
28 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included IIFL Finance Ltd. (168.00, 10.60%), Union Bank of India (64.65, 10.32%) and Corporation Bank (25.30, 10.00%).
Top high volume losers on BSE were Cummins India Ltd. (545.00, -3.15%), JK Lakshmi Cement Ltd. (285.00, -1.30%) and Phoenix Mills Ltd. (743.00, -1.05%).
SKF India Ltd. (2130.10, -0.52%) was trading at 14.3 times of weekly average. Sudarshan Chemical Industries Ltd. (396.25, -0.11%) and Repco Home Finance Ltd. (296.95, 1.63%) were trading with volumes 8.9 and 8.0 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
12 stocks took off, crossing 52 week highs, while 2 stocks were underachievers and hit their 52 week lows.
Stocks touching their year highs included - Bajaj Finserv Ltd. (9240.20, 0.13%), Divi's Laboratories Ltd. (1792.05, -1.07%) and GlaxoSmithKline Pharmaceuticals Ltd. (1695.00, 1.31%).
Stocks making new 52 weeks lows included - Chennai Petroleum Corporation Ltd. (126.95, -1.01%) and Jain Irrigation Systems Ltd. (10.50, 0.48%).
22 stocks climbed above their 200 day SMA including Corporation Bank (25.30, 10.00%) and Tata Metaliks Ltd. (602.50, 4.44%). 1 stock slipped below their 200 SMA including Greaves Cotton Ltd. (134.65, -1.17%).
