Nifty 50 closed at 9222.90 (-70.6, -0.8%) , BSE Sensex closed at 31453.51 (-261.8, -0.8%) while the broader Nifty 500 closed at 7534.95 (-62.0, -0.8%). Market breadth is in the red. Of the 1614 stocks traded today, 527 were gainers and 1001 were losers.
Varun Beverages gained today on Q4FY20 results showing a revenue rise of 37.3% YoY and a net profit growth YoY of 53%.
Equipment manufacturer Thermax sees purchase of shares by Nalanda India Fund.
Aarti Industries, AstraZeneca hit fresh year highs today.
Tata Motors board committee has approved raising up to Rs 1,000 crore via issue of non-convertible debentures on a private placement basis. Tata Motors is in 28 screeners, including the High Interest Payments screener.
Marico is rising post Q4 results as company refocuses on essentials and hand sanitizer manufacture in COVID19 times.
HDFC Sec, MOswal and IDBI Capital are positive on Reliance Industries post results.
Markets rise in early trading. Nifty 50 was trading at 9391.40 (97.9, 1.1%) , BSE Sensex was trading at 32143.10 (427.8, 1.4%) while the broader Nifty 500 was trading at 7677.70 (80.8, 1.1%). Market breadth is overwhelmingly positive. Of the 1412 stocks traded today, 1061 were gainers and 280 were losers.
Riding High:
Largecap and midcap gainers today include The New India Assurance Company Ltd. (123.40, 8.58%), Coromandel International Ltd. (613.70, 7.82%) and Marico Ltd. (297.55, 4.64%).
Downers:
Largecap and midcap losers today include United Breweries Ltd. (910.00, -6.16%), Voltas Ltd. (440.70, -5.42%) and Au Small Finance Bank Ltd. (491.20, -5.00%).
Crowd Puller Stocks
12 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Garden Reach Shipbuilders & Engineers Ltd. (155.00, 18.82%), The New India Assurance Company Ltd. (123.40, 8.58%) and Coromandel International Ltd. (613.70, 7.82%).
Top high volume losers on BSE were Orient Cement Ltd. (37.00, -4.64%) and Aavas Financiers Ltd. (1095.00, -3.15%).
Bharat Dynamics Ltd. (213.50, 1.84%) was trading at 19.9 times of weekly average. Bharti Infratel Ltd. (170.35, 1.10%) and Bajaj Electricals Ltd. (354.90, 5.69%) were trading with volumes 5.0 and 4.5 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
2 stocks hit their 52 week highs, while 16 stocks hit their 52 week lows.
Stocks touching their year highs included - Torrent Power Ltd. (330.50, -0.08%) and AstraZeneca Pharma India Ltd. (3220.00, -0.70%).
Stocks making new 52 weeks lows included - Bank of Baroda (44.00, -4.03%) and Birla Corporation Ltd. (393.50, -2.45%).
5 stocks climbed above their 200 day SMA including Balkrishna Industries Ltd. (893.00, 1.44%) and Whirlpool of India Ltd. (1977.00, 0.62%). 17 stocks slipped below their 200 SMA including Sudarshan Chemical Industries Ltd. (384.50, -4.46%) and Schneider Electric Infrastructure Ltd. (77.30, -3.86%).
