HDFC Life Insurance management has met with Rakesh Jhunjhunwala and Vijay Kedia's investment companies (RARE Enterprises and Kedia Securities) as part of its investment raising efforts. Neither Jhunjhunwala nor Kedia currently have significant public holdings in the insurance space. Via Discover.
Axis Bank CFO Jairam Sridharan has resigned.
Markets are up after a muted morning. KNR Constructions is up after the firm signed a concession agreement of HAM project with a bid cost of Rs 920 crore with NHAI.
Dish TV, Va Tech Wabag among top gainers.
Nifty 50 was trading at 11919.90 (-1.6, -0.0%) , BSE Sensex was trading at 40447.35 (2.2, 0.0%) while the broader Nifty 500 was trading at 9665.10 (-4.3, -0.0%). Market breadth is horizontal. Of the 1475 stocks traded today, 656 were gainers and 711 were losers.
Riding High:
Largecap and midcap gainers today include Adani Transmission Ltd. (332.10, 4.14%), MphasiS Ltd. (874.00, 3.62%) and Mahindra & Mahindra Financial Services Ltd. (338.50, 3.20%).
Downers:
Largecap and midcap losers today include PNB Housing Finance Ltd. (446.60, -8.00%), Aditya Birla Capital Ltd. (95.90, -7.07%) and HDFC Asset Management Company Ltd. (2988.80, -6.08%).
Volume Shockers
21 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Va Tech Wabag Ltd. (191.95, 15.81%), Bliss GVS Pharma Ltd. (156.70, 11.89%) and EID Parry (India) Ltd. (208.40, 8.65%).
Top high volume losers on BSE were PNB Housing Finance Ltd. (446.60, -8.00%), Aegis Logistics Ltd. (188.45, -1.77%) and Century Plyboards (India) Ltd. (163.90, -1.35%).
La Opala RG Ltd. (135.50, 1.19%) was trading at 20.9 times of weekly average. Solar Industries India Ltd. (1037.00, 0.32%) and Varroc Engineering Ltd. (413.75, -1.04%) were trading with volumes 15.3 and 5.6 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
5 stocks took off, crossing 52 week highs, while 14 stocks were underachievers and hit their 52 week lows.
Stocks touching their year highs included - Adani Transmission Ltd. (332.10, 4.14%), Coromandel International Ltd. (507.90, 2.38%) and Gujarat Gas Ltd. (230.45, 1.41%).
Stocks making new 52 weeks lows included - Allahabad Bank (21.50, -3.59%) and Chennai Petroleum Corporation Ltd. (115.30, -0.04%).
9 stocks climbed above their 200 day SMA including Bliss GVS Pharma Ltd. (156.70, 11.89%) and Sun Pharma Advanced Research Company Ltd. (162.30, 5.53%). 19 stocks slipped below their 200 SMA including JK Tyre & Industries Ltd. (74.50, -3.62%) and Tata Consultancy Services Ltd. (2058.25, -3.08%).
