Market breadth is neutral. Of the 1634 stocks traded today, 789 were gainers and 805 were losers.
Stocks receiving the largest number of broker reco upgrades the past month are Bajaj Auto, Kotak Bank, Lupin and TVS Motor.
HDFC Securities analysts note Shiram City Union's margin pressure but notes improvement in asset quality. It has its recommendation at accumulate.
State Bank of India says it opposes interest waivers on loans during moratorium, saying that it will increase pressure on bank balance sheets and potential NPAs.
Dish TV, Dixon Tech, Lemon Tree Hotels seeing high volumes today.
Phoenix Mills says that three of its malls - Bangalore, Bareilly and Lucknow - have reopened while others remain shut due to state government directives. The firm said that its liquidity position is comfortable, with consolidated debt and cash position (comprising of cash balance, investments and undrawn overdraft limits) as on 31 December 2019 standing at Rs. 46,398 million and Rs. 7,120 million, respectively.
Markets fell in early trading, as coronavirus cases surge across countries and economists worry about a second wave in the US. Nifty 50 was trading at 9712.05 (-190.0, -1.9%) , BSE Sensex was trading at 32829.11 (-709.3, -2.1%) while the broader Nifty 500 was trading at 7987.55 (-149.5, -1.8%). Market breadth is overwhelmingly negative. Of the 1525 stocks traded today, 169 showed gains, and 1321 showed losses.
Riding High:
Largecap and midcap gainers today include Vodafone Idea Ltd. (10.15, 7.98%), Aditya Birla Fashion and Retail Ltd. (139.35, 7.32%) and Shriram Transport Finance Company Ltd. (684.40, 7.29%).
Downers:
Largecap and midcap losers today include Zee Entertainment Enterprises Ltd. (168.55, -4.21%), AIA Engineering Ltd. (1646.45, -3.69%) and Endurance Technologies Ltd. (821.60, -3.48%).
Volume Rockets
8 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included JTEKT India Ltd. (75.40, 15.38%), Caplin Point Laboratories Ltd. (377.30, 7.40%) and Mahindra & Mahindra Ltd. (508.45, 7.14%).
Top high volume losers on BSE were Cera Sanitaryware Ltd. (2180.35, -3.52%), Orient Electric Ltd. (178.70, -0.03%) and Dixon Technologies (India) Ltd. (4975.70, -0.02%).
Dish TV India Ltd. (6.65, 4.72%) was trading at 34.6 times of weekly average. Lemon Tree Hotels Ltd. (28.95, 4.89%) was trading with volume 4.2 times weekly average on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
4 stocks took off, crossing 52 week highs, while 1 stock were underachiever and hit their 52 week lows.
Stocks touching their year highs included - Dhanuka Agritech Ltd. (647.00, 0.92%), Granules India Ltd. (214.35, 7.42%) and Network 18 Media & Investments Ltd. (34.65, 5.00%).
Stock making new 52 weeks lows included - Rajesh Exports Ltd. (480.35, 0.46%).
13 stocks climbed above their 200 day SMA including JTEKT India Ltd. (75.40, 15.38%) and Mahindra & Mahindra Ltd. (508.45, 7.14%). 21 stocks slipped below their 200 SMA including Shankara Building Products Ltd. (333.40, -5.28%) and HEG Ltd. (913.15, -3.46%).
