LIVE: Markets gain at close, HDFC Securities looks at Torrent Pharma

Markets closed higher in today's trading. Nifty 50 closed at 9488.00 (173.1, 1.9%) , BSE Sensex closed at 32200.59 (595.4, 1.9%) while the broader Nifty 500 closed at 7729.25 (133.7, 1.8%)

Market breadth is highly positive. Of the 1617 stocks traded today, 1079 were gainers and 443 were losers.
Earnings transcript for Deepak Nitrite. The company's share price is up post results.
Axis Direct says SELL Titan, noting reduced consumer spending on discretionary items which could sharply affect its profitability in H1FY21.
HDFC Securities says ACCUMULATE on Torrent Pharma, saying that the company's financials look healthy, and the firm's outlook resilient.
Markets are trading higher post lunch. Nifty 50 was trading at 9450.70 (135.8, 1.5%) , BSE Sensex was trading at 32097.46 (492.2, 1.6%) while the broader Nifty 500 was trading at 7704.25 (1.43%). Market breadth is overwhelmingly positive. Of the 1600 stocks traded today, 1091 were on the uptrend, and 423 went down.
Largecap and midcap gainers post lunch include Eicher Motors Ltd. (16268.70, 8.70%), Zee Entertainment Enterprises Ltd. (178.30, 8.42%) and Motherson Sumi Systems Ltd. (93.50, 7.97%). Largecap and midcap losers include Punjab National Bank (26.70, -2.91%), Lupin Ltd. (873.40, -2.36%) and Bharat Petroleum Corporation Ltd. (321.85, -2.31%).
Dabur India is up despite the company reporting a 24% fall YoY in consolidated net profit for the March quarter. The management in its earnings call said it expected rural India to see a faster revival in demand from the lockdown, compared to urban.
The locust invasion into major agriculture states is drawing investor attention to pesticide stocks like Bayer Cropscience and Alkyl Amines which have hit fresh year highs.
Upbeat trading today, as Nifty 50 was trading at 9395.20 (80.3, 0.9%) , BSE Sensex was trading at 31882.66 (277.4, 0.9%) while the broader Nifty 500 was trading at 7663.50 (68.0, 0.9%). Market breadth is ticking up strongly. Of the 1415 stocks traded today, 1041 were gainers and 295 were losers.

Riding High:

Largecap and midcap gainers today include Zee Entertainment Enterprises Ltd. (180.70, 9.88%), Aditya Birla Fashion and Retail Ltd. (118.30, 9.49%) and Indian Hotels Company Ltd. (73.65, 8.79%).

Downers:

Largecap and midcap losers today include Punjab National Bank (26.75, -2.73%), Adani Power Ltd. (36.00, -2.70%) and Emami Ltd. (191.75, -2.02%).

Crowd Puller Stocks

38 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Esab India Ltd. (1310.10, 20.00%), Nesco Ltd. (445.65, 14.05%) and EID Parry (India) Ltd. (196.50, 12.87%).

Top high volume losers on BSE were Indiabulls Real Estate Ltd. (43.05, -4.76%), VRL Logistics Ltd. (146.95, -1.80%) and GlaxoSmithKline Pharmaceuticals Ltd. (1340.70, -1.15%).

TCNS Clothing Co. Ltd. (330.15, 3.27%) was trading at 73.6 times of weekly average. JTEKT India Ltd. (52.75, 8.65%) and Bombay Burmah Trading Corporation Ltd. (916.75, 10.13%) were trading with volumes 18.5 and 11.6 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

4 stocks hit their 52 week highs,

Stocks touching their year highs included - Bayer Cropscience Ltd. (5379.60, 0.84%), Dhanuka Agritech Ltd. (571.20, -0.04%) and Adani Green Energy Ltd. (246.00, 1.40%).

12 stocks climbed above their 200 day SMA including Esab India Ltd. (1310.10, 20.00%) and EID Parry (India) Ltd. (196.50, 12.87%). 4 stocks slipped below their 200 SMA including NIIT Technologies Ltd. (1472.90, -1.40%) and Natco Pharma Ltd. (575.20, -1.06%).