Nifty 50 closed at 11965.90 (55.8, 0.5%) , BSE Sensex closed at 40581.71 (169.1, 0.4%) while the broader Nifty 500 closed at 9689.10 (52.9, 0.6%). Market breadth is in the green. Of the 1660 stocks traded today, 935 were gainers and 634 were losers.
- Larsen & Toubro's construction arm has won an order in the range of Rs 1,000 crore-Rs 2,500 crore from Rail Vikas Nigam.
- Prakash Industries rose today after it emerged as the highest bidder for the Bhaskarpara coal mine in Chhattisgarh, in a Coal Ministry auction.
- YES Bank, Tata Motors, KNR Construction are among the top gainers.
- Ujjivan Small Finance Bank debuted today at 57% above its issue price.
- Jhunjhunwala's RARE Enterprises and Kacholia's Lucky Investments are meeting with Future Consumer's management today.
- Gujarat State Petronet Managing Director resigned, effective immediately.
- Markets are higher in morning trade. Nifty 50 was trading at 11948.25 (38.1, 0.3%) , BSE Sensex was trading at 40568.04 (155.5, 0.4%) while the broader Nifty 500 was trading at 9670.60 (34.4, 0.4%). Market breadth is ticking up strongly. Of the 1396 stocks traded today, 882 showed gains, and 420 showed losses.
Riding High:
Largecap and midcap gainers today include Indiabulls Housing Finance Ltd. (292.50, 9.00%), IDBI Bank Ltd. (36.65, 8.27%) and Tata Motors Ltd. (172.95, 6.89%).
Downers:
Largecap and midcap losers today include Jindal Steel & Power Ltd. (139.05, -3.74%), Infosys Ltd. (702.50, -2.57%) and 3M India Ltd. (20711.00, -2.04%).
Crowd Puller Stocks
24 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Sterlite Technologies Ltd. (119.10, 11.05%), Timken India Ltd. (879.75, 8.75%) and Redington (India) Ltd. (114.10, 5.06%).
Top high volume losers on BSE were Ujjivan Financial Services Ltd. (329.20, -3.30%), PI Industries Ltd. (1460.00, -1.77%) and Ipca Laboratories Ltd. (1125.00, -1.49%).
Triveni Turbine Ltd. (92.75, -1.33%) was trading at 65.2 times of weekly average. Grindwell Norton Ltd. (570.95, 0.04%) and Gateway Distriparks Ltd. (95.75, -0.98%) were trading with volumes 17.6 and 8.0 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
8 stocks took off, crossing 52 week highs, while 12 stocks were underachievers and hit their 52 week lows.
Stocks touching their year highs included - Crisil Ltd. (1710.00, 2.68%), Divi's Laboratories Ltd. (1826.00, 0.23%) and DLF Ltd. (224.70, 0.60%).
Stocks making new 52 weeks lows included - Allahabad Bank (19.10, -0.78%) and Caplin Point Laboratories Ltd. (296.00, 2.69%).
13 stocks climbed above their 200 day SMA including IDBI Bank Ltd. (36.65, 8.27%) and ITI Ltd. (89.80, 6.59%). 5 stocks slipped below their 200 SMA including Jindal Steel & Power Ltd. (139.05, -3.74%) and KEI Industries Ltd. (459.10, -3.56%).
