The markets closed on an upbeat note today. Nifty 50 closed at 9287.80 (82.2, 0.9%) , BSE Sensex closed at 31685.75 (232.2, 0.7%) while the broader Nifty 500 closed at 7589.20 (66.2, 0.9%)
Market breadth is in the red. Of the 1612 stocks traded today, 673 were on the uptick, and 847 were down.
-
Morgan Stanley is optimistic on the Indian franchisee for Domino's Pizza, Jubilant FoodWorks, initiating coverage with a target price of Rs 1,900. Analysts at MS think that Juibilant will benefit from changing consumer spending behavior post pandemic.
-
Kansai Nerolac, Adani Enterprises, Persistent Systems posted results today. All three stocks saw share prices close higher, with Persistent Systems seeing a big jump after the company's results.
-
Motilal Oswal is a BUY on Au Small Finance Bank with a lower target price.
-
Varun Beverages rises after its Q1 results, with the company seeing revenue and net profit growth by controlling costs.
-
JB Chemical and Pharma is among stocks hitting a new year high on news reports that the company is an acquisition target for at least four global PE firms.
-
Markets turn green after an early decline, with bank stocks seeing a revival in share price.
-
Markets fell in early trading. Nifty 50 was trading at 9142.40 (-63.2, -0.7%) , BSE Sensex was trading at 31242.77 (-210.7, -0.7%) while the broader Nifty 500 was trading at 7473.05 (-50, -0.7%). Market breadth is in the red. Of the 1402 stocks traded today, 475 were gainers and 834 were losers.
Riding High:
Largecap and midcap gainers today include RBL Bank Ltd. (132.10, 7.57%), Mahindra & Mahindra Financial Services Ltd. (172.15, 7.23%) and Oberoi Realty Ltd. (337.55, 7.06%).
Downers:
Largecap and midcap losers today include ITC Ltd. (163.90, -5.75%), Bharti Infratel Ltd. (160.90, -5.69%) and Hindustan Petroleum Corporation Ltd. (202.50, -5.64%).
Crowd Puller Stocks
8 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included NIIT Technologies Ltd. (1418.80, 19.25%), Persistent Systems Ltd. (504.60, 7.92%) and J B Chemicals & Pharmaceuticals Ltd. (597.65, 6.87%).
Top high volume loser on BSE was SKF India Ltd. (1388.85, -2.89%).
Akzo Nobel India Ltd. (1971.75, 0.71%) was trading at 10.2 times of weekly average. Timken India Ltd. (850.10, 1.18%) and Orient Refractories Ltd. (147.65, 2.39%) were trading with volumes 7.9 and 4.1 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
2 stocks overperformed with 52 week highs, while 19 stocks hit their 52 week lows.
Stocks touching their year highs included - J B Chemicals & Pharmaceuticals Ltd. (597.65, 6.87%) and Deepak Nitrite Ltd. (525.10, 2.80%).
Stocks making new 52 weeks lows included - Bank of Baroda (42.30, -3.86%) and Birla Corporation Ltd. (379.35, -3.10%).
10 stocks climbed above their 200 day SMA including Amber Enterprises India Ltd. (1132.10, 5.53%) and Glenmark Pharmaceuticals Ltd. (334.70, 3.05%). 6 stocks slipped below their 200 SMA including TCI Express Ltd. (700.10, -1.72%) and Hindustan Unilever Ltd. (2010.20, -1.53%).
