The market closed on an upbeat note. Nifty 50 closed at 9900.80 (87.1, 0.9%) , BSE Sensex closed at 33605.22 (376.4, 1.1%) while the broader Nifty 500 closed at 8144.30 (57.9, 0.7%). Market breadth is in the red. Of the 1646 stocks traded today, 680 were gainers and 924 were losers.
Markets are off their day highs as news feeds fill up with headlines on a violent faceoff between Indian and Chinese forces in the Ladakh valley.
Investor Nemish Shah's ENAM holdings is meeting with Inox Leisure's management team.
Aarti Drugs is up today after the Directorate General of Trade Remedies (DGTR) recommended ta provisional anti-dumping duty on import of Ciprofloxacin HCL from China.
Markets are sharply up on early trading, Nifty 50 was trading at 10010.55 (196.9, 2.0%) , BSE Sensex was trading at 33907.52 (678.7, 2.0%) while the broader Nifty 500 was trading at 8232.20 (145.8, 1.8%). Market breadth is ticking up strongly. Of the 1520 stocks traded today, 1280 showed gains, and 201 showed losses.
Global markets are rising in response to the launch of the US Fed Main Street Lending Program, which will lend $600 billion to companies with upto 15,000 employees, to fund their business and workers as the economy recovers from the pandemic.
Riding High:
Largecap and midcap gainers today include 3M India Ltd. (18479.60, 7.44%), Jindal Steel & Power Ltd. (143.50, 5.59%) and Natco Pharma Ltd. (639.75, 5.58%).
Downers:
Largecap and midcap losers today include Tata Motors Ltd. (94.75, -5.72%), Tata Motors Limited (DVR) (39.60, -5.71%) and Future Retail Ltd. (106.00, -4.98%).
Movers and Shakers
23 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Zensar Technologies Ltd. (137.05, 19.85%), Hathway Cable & Datacom Ltd. (32.00, 17.22%) and Aster DM Healthcare Ltd. (115.15, 13.95%).
Top high volume losers on BSE were TCNS Clothing Co. Ltd. (382.35, -3.91%), JK Cement Ltd. (1177.40, -1.63%) and Procter & Gamble Hygiene & Healthcare Ltd. (9909.95, -0.90%).
Can Fin Homes Ltd. (318.90, 5.07%) was trading at 12.0 times of weekly average. MOIL Ltd. (161.05, 8.20%) and Bharat Dynamics Ltd. (262.90, 11.40%) were trading with volumes 11.1 and 9.8 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
14 stocks hit their 52 week highs,
Stocks touching their year highs included - Alembic Pharmaceuticals Ltd. (908.05, 2.03%), Bayer Cropscience Ltd. (5705.35, 3.90%) and Dhanuka Agritech Ltd. (739.25, 7.00%).
21 stocks climbed above their 200 day SMA including Hindustan Aeronautics Ltd. (712.95, 8.28%) and Jindal Stainless Ltd. (33.90, 5.44%). 13 stocks slipped below their 200 SMA including JTEKT India Ltd. (63.25, -6.85%) and Meghmani Organics Ltd. (47.95, -5.14%).
