Rakesh Jhunjhunwala has sold off part of his biggest portfolio holding Titan, cutting his and Rekha's total stake by 1.16%.
Motilal Oswal issued a SELL on Avenue Supermarts (DMart) noting that 50% of stores have been closed with the lockdown, and that key categories will take time to recover.
Engineering major Larsen & Toubro (L&T;) is up today on winning two regional rapid transit contracts in UP.
Elgi Equipment says that the anticipated EBITDA mentioned by the company in the last investors meet in February "will be missed to the extent of between 10 to 15%." The full transcript
The partial lifting of lockdown for rural industries comes in time for the rabi harvest. This would improve agri outcomes, since lockdowns have had a significant impact on movement of produce and goods across states.
Pharma stocks hit fresh year highs today, with Sun Pharma and Dr Reddy's in the list.
VST Industries is up today. Investor Radhakishan Damani has upped his stake in the company by 1.71%.
Indian markets are trading higher. Nifty 50 was trading up 2.8% , BSE Sensex was trading up 2.5% while the broader Nifty 500 was trading up 2.9%). Market breadth is overwhelmingly positive. Of the 1451 stocks traded today, 1124 showed gains, and 252 showed losses.
Riding High:
Largecap and midcap gainers today include Indian Hotels Company Ltd. (82.25, 13.53%), Max Financial Services Ltd. (395.90, 12.81%) and Motherson Sumi Systems Ltd. (71.15, 12.67%).
Downers:
Largecap and midcap losers today include Muthoot Finance Ltd. (691.30, -7.33%), Kotak Mahindra Bank Ltd. (1173.75, -6.17%) and InterGlobe Aviation Ltd. (1007.55, -5.70%).
Crowd Puller Stocks
23 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Trident Ltd. (5.40, 18.68%), Dilip Buildcon Ltd. (259.90, 18.08%) and Deepak Fertilisers & Petrochemicals Corporation Ltd. (88.70, 11.71%).
Top high volume losers on BSE were Metropolis Healthcare Ltd. (1258.15, -5.94%), Reliance Capital Ltd. (4.40, -5.38%) and Suprajit Engineering Ltd. (119.70, -3.89%).
Arvind Fashions Ltd. (135.70, -0.40%) was trading at 6.9 times of weekly average. CARE Ratings Ltd. (413.95, 1.40%) and Balmer Lawrie & Company Ltd. (100.50, 10.14%) were trading with volumes 6.8 and 5.9 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
4 stocks made 52 week highs, while 1 stock hit their 52 week lows.
Stocks touching their year highs included - Cipla Ltd. (592.35, -0.08%), Dr. Reddy's Laboratories Ltd. (3807.60, 1.63%) and Sanofi India Ltd. (7519.35, 4.27%).
Stock making new 52 weeks lows included - Godrej Industries Ltd. (273.10, -1.01%).
18 stocks climbed above their 200 day SMA including Eris Lifesciences Ltd. (499.50, 9.00%) and Amber Enterprises India Ltd. (1079.40, 7.44%). 5 stocks slipped below their 200 SMA including Muthoot Finance Ltd. (691.30, -7.33%) and Metropolis Healthcare Ltd. (1258.15, -5.94%).
