Market breadth is holding steady. Of the 1652 stocks traded today, 790 showed gains, and 820 showed losses.
Nirmal Bang Institutional is a buy on Dixon Tech, citing healthy margin growth for the company in key verticals.
Eris Lifesciences, Jubilant Life are among the stocks seeing highest volumes today.
Phoenix Mills says that in Bangalore where the mall has been permitted to open, the company has seen approximately 71% of stores opening with the others planning reopening in the coming week.
Bharat Heavy Electricals (BHEL) is sharply lower today on earnings disappointment in Q4 results.
Aarti Industries is lower today after the company said that a customer has terminated a ten year contract. "The contract was expected to generate revenue of approximately Rs. 4000 crores over the 10 year period," Aarti Industries said. "We understand that the reason for the termination is the customer’s change in strategy."
Markets are lower in morning trading. Nifty 50 was trading at 9912.70 (-60.2, -0.6%) , BSE Sensex was trading at 33440.43 (-340.5, -1.0%) while the broader Nifty 500 was trading at 8169.35 (-27.1, -0.3%). Market breadth is in the green. Of the 1503 stocks traded today, 924 were gainers and 505 were losers.
Riding High:
Largecap and midcap gainers today include Bank of India (48.15, 18.01%), Jubilant Life Sciences Ltd. (673.95, 12.95%) and Oil India Ltd. (97.25, 6.69%).
Downers:
Largecap and midcap losers today include Bharat Heavy Electricals Ltd. (29.10, -7.32%), IndusInd Bank Ltd. (490.55, -7.17%) and Tata Motors Limited (DVR) (42.00, -6.04%).
Volume Rockets
12 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Bank of India (48.15, 18.01%), Jubilant Life Sciences Ltd. (673.95, 12.95%) and Gujarat Alkalies & Chemicals Ltd. (366.50, 11.99%).
Eris Lifesciences Ltd. (492.90, 3.69%) was trading at 16.0 times of weekly average. Fine Organic Industries Ltd. (1966.90, 1.36%) and TVS Srichakra Ltd. (1442.55, 3.43%) were trading with volumes 5.0 and 4.6 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
9 stocks overperformed with 52 week highs,
Stocks touching their year highs included - Cadila Healthcare Ltd. (370.85, -0.92%), Dhanuka Agritech Ltd. (690.90, 6.79%) and Jubilant Life Sciences Ltd. (673.95, 12.95%).
20 stocks climbed above their 200 day SMA including Gujarat Alkalies & Chemicals Ltd. (366.50, 11.99%) and Shipping Corporation of India Ltd. (50.65, 9.28%). 14 stocks slipped below their 200 SMA including JTEKT India Ltd. (67.90, -9.95%) and AIA Engineering Ltd. (1589.95, -3.43%).
