Market breadth is in the green. Of the 1633 stocks traded today, 935 were on the uptick, and 606 were down.
Infosys is a buy for BOB Capital and ICICI Securities, but analysts warn of slowing down in core business growth.
Wipro is falling today on a disappointing set of results. The company underwhelmed with a 3.3% decline in net profit growth, and a muted 2.7% increase YoY in revenues.
The CFO of Akme Star Housing Finance has resigned. Search inside corporate announcements with Discover.
Time Techno and Trident among top gainers today.
Markets are lower in trading. Nifty 50 was trading at 12319.00 (-43.3, -0.4%) , BSE Sensex was trading at 41789.06 (-163.6, -0.4%) while the broader Nifty 500 was trading at 10049.30 (-26.6, -0.3%). Market breadth is in the red. Of the 1352 stocks traded today, 596 were in the positive territory and 674 were negative.
Riding High:
Largecap and midcap gainers today include Piramal Enterprises Ltd. (1536.25, 6.33%), Indraprastha Gas Ltd. (447.20, 5.27%) and NBCC (India) Ltd. (39.05, 4.55%).
Downers:
Largecap and midcap losers today include IndusInd Bank Ltd. (1399.80, -5.52%), Bandhan Bank Ltd. (491.95, -5.13%) and Wipro Ltd. (247.90, -3.62%).
Crowd Puller Stocks
29 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Inox Wind Ltd. (44.90, 19.89%), India Tourism Development Corporation Ltd. (332.45, 14.34%) and Chambal Fertilisers & Chemicals Ltd. (173.75, 9.73%).
Top high volume losers on BSE were Can Fin Homes Ltd. (375.30, -2.89%) and WABCO India Ltd. (6514.00, -0.28%).
Tube Investments of India Ltd. (523.00, 3.45%) was trading at 15.9 times of weekly average. Larsen & Toubro Infotech Ltd. (1922.80, 2.39%) and United Bank of India (9.20, 6.36%) were trading with volumes 10.7 and 10.2 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
44 stocks overperformed with 52 week highs,
Stocks touching their year highs included - Asian Paints Ltd. (1844.80, 1.41%), Avanti Feeds Ltd. (705.70, 8.70%) and Bajaj Finserv Ltd. (9584.50, 0.31%).
22 stocks climbed above their 200 day SMA including Chambal Fertilisers & Chemicals Ltd. (173.75, 9.73%) and Bharat Electronics Ltd. (104.05, 4.21%). 8 stocks slipped below their 200 SMA including IndusInd Bank Ltd. (1399.80, -5.52%) and Sunteck Realty Ltd. (428.90, -3.37%).
