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RIL rights are trading at a significant premium, up over 33%.
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Vijay Kedia has been raising his stake in Atul Auto in May.
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Kalpataru Power (KPTL) board approves a buyback of shares at Rs. 275 per share, for upto Rs 200 crores.
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SEBI has asked listed companies to be transparent with disclosures regarding COVID19 impact on their "business, performance and financials".
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Markets rose in today's trading. Nifty 50 closed at 9066.55 (187.5, 2.1%) , BSE Sensex closed at 30818.61 (622.4, 2.1%) while the broader Nifty 500 closed at 7426.85 (142.4, 2.0%). Market breadth is in the green. Of the 1604 stocks traded today, 893 showed gains, and 608 showed losses.
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JSW Energy saw a jump in share price, after it showed a strong net profit performance in the March quarter.
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Dr. Reddy's is up sharply after announcing Q4 results that beat estimates. SBI Equity Fund and Axis Long Term Equity fund have been buying up shares in April.
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Apollo Tyres announced March quarter results showing a 15.5% decline in revenue YoY, and a 7.3% YoY fall in net profit. See full result dashboard.
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Maruti Suzuki has written off BSVI vehicle inventory worth Rs. 123 crore. Other automakers are likely to follow, as this technology is now obsolete in terms of regulation.
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Tata Steel says it has raised Rs. 1,000 crore via NCDs.
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Upbeat trading today in the morning, as Nifty 50 was trading at 8937.95 (58.9, 0.7%) , BSE Sensex was trading at 30458.54 (262.4, 0.9%) while the broader Nifty 500 was trading at 7323.40 (38.9, 0.5%). Market breadth is in the green. Of the 1370 stocks traded today, 733 were on the uptick, and 531 were down.
Riding High:
Largecap and midcap gainers today include LIC Housing Finance Ltd. (248.75, 7.47%), Aurobindo Pharma Ltd. (707.60, 6.82%) and Larsen & Toubro Infotech Ltd. (1784.00, 6.82%).
Downers:
Largecap and midcap losers today include Bharti Infratel Ltd. (200.85, -8.18%), Oracle Financial Services Software Ltd. (2338.60, -3.28%) and IndusInd Bank Ltd. (357.30, -2.85%).
Volume Shockers
11 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included IFB Industries Ltd. (371.60, 9.17%), AstraZeneca Pharma India Ltd. (2967.40, 8.98%) and Larsen & Toubro Infotech Ltd. (1784.00, 6.82%).
Top high volume losers on BSE were Sadbhav Engineering Ltd. (43.80, -4.99%), Zensar Technologies Ltd. (84.95, -3.52%) and Chalet Hotels Ltd. (102.20, -1.87%).
Indostar Capital Finance Ltd. (278.05, -0.34%) was trading at 7.4 times of weekly average. JSW Energy Ltd. (40.70, 3.96%) and Redington (India) Ltd. (87.85, 3.84%) were trading with volumes 6.7 and 6.5 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
2 stocks made 52 week highs, while 15 stocks hit their 52 week lows.
Stocks touching their year highs included - Aurobindo Pharma Ltd. (707.60, 6.82%) and Bharti Airtel Ltd. (594.05, -0.79%).
Stocks making new 52 weeks lows included - Bank of Baroda (36.65, 0.41%) and Cyient Ltd. (189.35, -1.64%).
7 stocks climbed above their 200 day SMA including Amber Enterprises India Ltd. (1182.25, 5.06%) and Vodafone Idea Ltd. (5.65, 3.67%). 2 stocks slipped below their 200 SMA including Info Edge (India) Ltd. (2397.05, -2.66%) and TV18 Broadcast Ltd. (21.05, -0.47%).
