Nifty 50 closed at 9876.85 (-37.2, -0.4%) , BSE Sensex closed at 33507.92 (-97.3, -0.3%) while the broader Nifty 500 closed at 8136.45 (-15.9, -0.2%). Market breadth is in the green. Of the 1636 stocks traded today, 882 showed gains, and 706 showed losses.
Motilal Oswal is a buy on Tata Motors, while revising FY21 and FY22 EBITDA estimates downward for the company.
Torrent Pharmaceuticals is rising sharply today, past second resistance and above the average broker target.
Natco Pharma is lower today after the company reported weaker than expected Q4 results, with net profit declining by double digit percentages.
HDFC Securities is a buy on Mastek, citing strong organic growth and UK traction.
TV18, Adani Green, Kaveri Seed among stocks seeing fresh 52 week highs today.
YES Bank is reportedly planning a $1 billion share sale via a public offering. More details are being awaited from the bank.
Markets opened lower in early trading before recovering. Nifty 50 was trading at 9926.70 (12.7, 0.1%) , BSE Sensex was trading at 33626.85 (21.6, 0.1%) while the broader Nifty 500 was trading at 8178.15 (25.9, 0.3%). Market breadth is in the green. Of the 1497 stocks traded today, 933 showed gains, and 491 showed losses.
Riding High:
Largecap and midcap gainers today include Cholamandalam Investment & Finance Company Ltd. (168.20, 8.20%), Coromandel International Ltd. (721.60, 6.53%) and Motherson Sumi Systems Ltd. (97.15, 5.77%).
Downers:
Largecap and midcap losers today include HDFC Asset Management Company Ltd. (2415.95, -4.88%), Bharti Infratel Ltd. (206.25, -4.51%) and Future Retail Ltd. (101.30, -4.43%).
Crowd Puller Stocks
37 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included GIC Housing Finance Ltd. (83.75, 19.99%), Navneet Education Ltd. (79.90, 16.13%) and Orient Cement Ltd. (69.55, 14.20%).
Top high volume losers on BSE were HDFC Asset Management Company Ltd. (2415.95, -4.88%), Hawkins Cookers Ltd. (4030.00, -1.74%) and Kajaria Ceramics Ltd. (352.30, -1.69%).
Linde India Ltd. (582.70, 4.19%) was trading at 21.2 times of weekly average. eClerx Services Ltd. (426.00, 0.14%) and Great Eastern Shipping Company Ltd. (213.10, 0.02%) were trading with volumes 19.0 and 16.0 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
10 stocks made 52 week highs,
Stocks touching their year highs included - Bayer Cropscience Ltd. (5930.35, 3.94%), Coromandel International Ltd. (721.60, 6.53%) and Dhanuka Agritech Ltd. (771.65, 4.38%).
16 stocks climbed above their 200 day SMA including Orient Cement Ltd. (69.55, 14.20%) and ITI Ltd. (90.55, 10.70%). 8 stocks slipped below their 200 SMA including Bank of Maharashtra (10.80, -4.85%) and Gujarat Pipavav Port Ltd. (74.20, -3.07%).
