Market breadth is overwhelmingly positive. Of the 1634 stocks traded today, 1240 were gainers and 350 were losers.
Ashoka Buildcon gets buy calls from HDFCSec and Nirmal Bang Institutional, a hold from ICICI Securities.
Vaibhav Global, Muthoot Finance hit fresh year highs today.
Markets are volatile in early trading, although breadth is positive. Nifty 50 was trading at 9889.15 (8, 0.1%) , BSE Sensex was trading at 33482.00 (-25.9, -0.1%) while the broader Nifty 500 was trading at 8157.75 (17.3, 0.2%). Market breadth is overwhelmingly positive. Of the 1471 stocks traded today, 1032 were on the uptrend, and 387 went down.
Riding High:
Largecap and midcap gainers today include Muthoot Finance Ltd. (1175.80, 17.62%), Bharat Heavy Electricals Ltd. (31.75, 15.66%) and Bajaj Finserv Ltd. (5427.55, 7.75%).
Downers:
Largecap and midcap losers today include Indraprastha Gas Ltd. (449.65, -5.17%), ICICI Lombard General Insurance Company Ltd. (1275.70, -4.40%) and Cummins India Ltd. (369.65, -4.21%).
Movers and Shakers
32 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Nava Bharat Ventures Ltd. (45.90, 20.00%), ITD Cementation India Ltd. (50.80, 19.95%) and ITI Ltd. (108.60, 19.93%).
Top high volume loser on BSE was Sheela Foam Ltd. (1440.35, -1.44%).
Somany Ceramics Ltd. (135.90, 19.05%) was trading at 15.1 times of weekly average. Time Technoplast Ltd. (40.75, 10.14%) and Ircon International Ltd. (92.30, 8.84%) were trading with volumes 12.3 and 8.2 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
12 stocks took off, crossing 52 week highs,
Stocks touching their year highs included - Biocon Ltd. (393.85, -0.57%), Coromandel International Ltd. (740.35, 2.60%) and Dhanuka Agritech Ltd. (780.15, 1.10%).
26 stocks climbed above their 200 day SMA including Shankara Building Products Ltd. (380.20, 19.99%) and ITD Cementation India Ltd. (50.80, 19.95%). 5 stocks slipped below their 200 SMA including Pidilite Industries Ltd. (1391.15, -2.86%) and Star Cement Ltd. (85.60, -0.75%).?
