Market breadth is surging up. Of the 1633 stocks traded today, 1128 were on the uptick, and 475 were down.
Edelweiss takes a detailed, close look at the chemical sector in India, including companies like Aarti Industries, Balaji Amines and Pi Industries.
Ramco Cements is up today despite reporting a YoY net profit decline in its march quarter.
The promoter of TAKE Solutions has sold off over 6 million shares in the market via insider/SAST trades.
TCS is rising on high volumes today. Other volume shockers include Thermax and Tube Investments.
Reliance Industries has hit another high in share price today after chairman Mukesh Ambani announced the company has become net debt-free, after it raised Rs 1,68,818 crore in an astonishing 58 days, clinching 11 deals with various investors. With its share price increase today, Reliance hits the 11 trillion market cap mark - a $150 billion capitalization.
Markets are up in morning trade. Nifty 50 was trading at 10159.65 (68, 0.7%) , BSE Sensex was trading at 34229.22 (21.2, 0.1%) while the broader Nifty 500 was trading at 8348.25 (64.6, 0.8%). Market breadth is surging up. Of the 1476 stocks traded today, 1171 were in the positive territory and 257 were negative.
Riding High:
Largecap and midcap gainers today include Indiabulls Housing Finance Ltd. (203.40, 31.10%), Piramal Enterprises Ltd. (1163.00, 11.84%) and Cholamandalam Investment & Finance Company Ltd. (196.80, 10.56%).
Downers:
Largecap and midcap losers today include City Union Bank Ltd. (127.10, -7.09%), Vodafone Idea Ltd. (9.15, -6.15%) and Oracle Financial Services Software Ltd. (2591.85, -5.29%).
Volume Rockets
56 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Indiabulls Housing Finance Ltd. (203.40, 31.10%), Jai Corp Ltd. (89.60, 16.36%) and KPR Mill Ltd. (508.60, 14.34%).
Top high volume losers on BSE were City Union Bank Ltd. (127.10, -7.09%), Bajaj Consumer Care Ltd. (148.60, -2.43%) and Dr. Lal Pathlabs Ltd. (1527.95, -1.74%).
ICICI Lombard General Insurance Company Ltd. (1270.15, -0.44%) was trading at 29.8 times of weekly average. Hawkins Cookers Ltd. (4010.00, -1.41%) and Carborundum Universal Ltd. (265.00, 8.96%) were trading with volumes 17.8 and 12.8 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
13 stocks made 52 week highs, while 1 stock tanked below their 52 week lows.
Stocks touching their year highs included - Alembic Pharmaceuticals Ltd. (946.50, 4.22%), Bayer Cropscience Ltd. (5989.90, 3.43%) and Coromandel International Ltd. (720.00, -2.75%).
Stock making new 52 weeks lows included - Rajesh Exports Ltd. (467.90, -0.82%).
36 stocks climbed above their 200 day SMA including Jai Corp Ltd. (89.60, 16.36%) and Bombay Dyeing & Manufacturing Company Ltd. (71.55, 13.39%). 8 stocks slipped below their 200 SMA including Oracle Financial Services Software Ltd. (2591.85, -5.29%) and The New India Assurance Company Ltd. (124.20, -3.46%).
