LIVE: Markets close higher, Vijay Kedia buys Ramco Systems in bulk deal

Investor Vijay Kedia buys shares in Ramco Systems via a bulk deal on the NSE.
The market closed on an upbeat note. Nifty 50 closed at 10139.40 (92.8, 0.9%) , BSE Sensex closed at 34247.05 (290.4, 0.9%) while the broader Nifty 500 closed at 8310.20 (72.1, 0.9%). Market breadth is in the green. Of the 1645 stocks traded today, 983 were on the uptrend, and 616 went down.
RBL Bank hits upper circuit today, jumps 20%. The stock has seen substantial insider trade and bulk deal activity in the last few days.
Agrochem company Dhanuka Agritech rises today after showing revenue growth of 18% YoY and net profit growth of 45.8% YoY.
Gujarat Pipavav Port is rising sharply post March quarter results.
Multiplex stocks PVR and Inox Leisure are top losers today after weaker than expected results.
Motilal Oswal is bullish on Pi Industries, with a target price of Rs. 1835, citing the company's entry into the pharma space. See all research reports.
Panacea Biotec hit the 20% upper circuit today after the company announced an agreement with US firm Refana for development and distribution of a Covid-19 vaccine.
Manappuram Finance is raising fresh funds of Rs. 250 crore, the company said, via the issue of debentures.
Granules India hit a fresh year high today on its buyback offer announcement. The company's buyback at Rs. 200 per share via the tender offer route will be upto Rs. 250 crore.
Markets are up but volatile today morning. Nifty 50 was trading at 10089.35 (42.7, 0.4%) , BSE Sensex was trading at 34167.44 (210.8, 0.6%) while the broader Nifty 500 was trading at 8266.25 (28.2, 0.3%). Market breadth is in the green. Of the 1488 stocks traded today, 869 were gainers and 542 were losers.

Riding High:

Largecap and midcap gainers today include RBL Bank Ltd. (168.65, 19.99%), Indiabulls Housing Finance Ltd. (162.00, 12.11%) and NBCC (India) Ltd. (24.60, 11.56%).

Downers:

Largecap and midcap losers today include IDBI Bank Ltd. (33.70, -4.94%), InterGlobe Aviation Ltd. (1036.00, -4.11%) and Motherson Sumi Systems Ltd. (95.00, -4.09%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Caplin Point Laboratories Ltd. (377.80, 15.46%), Granules India Ltd. (202.30, 11.77%) and Garden Reach Shipbuilders & Engineers Ltd. (168.40, 11.71%).

Top high volume loser on BSE was India Tourism Development Corporation Ltd. (218.00, -3.80%).

Dhanuka Agritech Ltd. (637.00, 7.28%) was trading at 10.9 times of weekly average. Parag Milk Foods Ltd. (96.95, 9.98%) and Shilpa Medicare Ltd. (565.00, 4.80%) were trading with volumes 10.6 and 6.9 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

11 stocks made 52 week highs,

Stocks touching their year highs included - Aurobindo Pharma Ltd. (796.05, 2.72%), Dhanuka Agritech Ltd. (637.00, 7.28%) and Dr. Reddy's Laboratories Ltd. (4120.00, -0.09%).

12 stocks climbed above their 200 day SMA including Dishman Carbogen Amcis Ltd. (122.55, 19.97%) and Caplin Point Laboratories Ltd. (377.80, 15.46%). 14 stocks slipped below their 200 SMA including Ratnamani Metals & Tubes Ltd. (1022.00, -4.49%) and Bombay Burmah Trading Corporation Ltd. (1024.00, -3.98%).