Market breadth is in the red. Of the 1614 stocks traded today, 675 were gainers and 851 were losers.
Apollo Pipes promoter Sameer Gupta buys up 1.15% of the company shares via market purchases..
YES Bank says it is focusing on bank loan recovery targeting getting back Rs 5,000-8,000 crore of bad loans in the current financial year.
Strides Pharma, Inox Leisure among top gainers in market today. JM Financial is rising on Q4 results.
HCL Technologies beat estimates in results performance, with net profit rising 24.4% and revenues rising 16.2% YoY for Q4.
YES Bank jumps on bank showing Q4 profits against one time AT1 bonds writedown. The bank however saw large outflows as account holders pulled out money, and is in breach of capital adequacy requirements.
Markets are volatile in early trading. Nifty 50 was trading at 9216.25 (-54.7, -0.6%) , BSE Sensex was trading at 31557.74 (-128.0, -0.4%) while the broader Nifty 500 was trading at 7552.85 (-22.7, -0.3%). Market breadth is in the green. Of the 1376 stocks traded today, 729 were on the uptrend, and 550 went down.
Riding High:
Largecap and midcap gainers today include Bharti Infratel Ltd. (172.80, 7.40%), IndusInd Bank Ltd. (454.35, 6.78%) and Future Retail Ltd. (76.70, 5.00%).
Downers:
Largecap and midcap losers today include Pidilite Industries Ltd. (1353.05, -5.42%), Kansai Nerolac Paints Ltd. (372.70, -5.23%) and Au Small Finance Bank Ltd. (443.35, -4.99%).
Volume Shockers
16 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Redington (India) Ltd. (80.25, 9.86%), eClerx Services Ltd. (467.35, 8.62%) and JK Paper Ltd. (100.25, 6.71%).
Top high volume losers on BSE were Security and Intelligence Services (India) Ltd. (345.20, -8.44%), Mahindra CIE Automotive Ltd. (104.45, -4.96%) and HCL Technologies Ltd. (511.75, -1.42%).
Hindustan Unilever Ltd. (1992.05, -0.90%) was trading at 28.2 times of weekly average. Hindustan Aeronautics Ltd. (511.55, 1.30%) and Zensar Technologies Ltd. (82.95, 0.67%) were trading with volumes 8.6 and 6.9 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
1 stock took off, crossing 52 week highs, while 19 stocks hit their 52 week lows.
Stock touching their year highs included - Deepak Nitrite Ltd. (552.80, 5.28%).
Stocks making new 52 weeks lows included - Bank of Baroda (42.50, 0.47%) and Birla Corporation Ltd. (373.65, -1.50%).
7 stocks climbed above their 200 day SMA including Infibeam Avenues Ltd. (46.65, 4.95%) and Tata Elxsi Ltd. (789.55, 3.18%). 6 stocks slipped below their 200 SMA including Pidilite Industries Ltd. (1353.05, -5.42%) and Max Financial Services Ltd. (442.70, -3.57%).
