Markets closed up today. Nifty 50 closed at 10311.20 (66.8, 0.7%) , BSE Sensex closed at 34911.32 (179.6, 0.5%) while the broader Nifty 500 closed at 8486.45 (83.1, 1.0%). Market breadth is highly positive. Of the 1660 stocks traded today, 1142 showed gains, and 468 showed losses.
The Reserve Bank of India has restrained YES Bank from paying interest (coupon) on the Tier II bonds, noting that the bank's capital adequacy ratio was below regulatory requirements.
A "healthy ANDA pipeline and strong domestic formulations" has Motilal Oswal upbeat on Cadila Healthcare, with a BUY rating.
ICICI Bank is rising today. The bank has successfully raised Rs. 3,090 crores via recent stake sales in its life insurance and general insurance businesses.
ONGC is down today after the company paused operations at two rigs following 54 employees testing positive for COVID-19, and one dying of the disease.
Glenmark and Cipla are among the top gainers today after winning approvals from the DCGI to manufacture and market generic COVID-19 drug Remdesivir. Remdesivir has been identified to treat mild to moderate cases of COVID-19.
Markets rise on early trading, Nifty 50 was trading at 10350.35 (106.0, 1.0%) , BSE Sensex was trading at 35131.69 (400.0, 1.2%) while the broader Nifty 500 was trading at 8497.35 (94.0, 1.1%). Market breadth is highly positive. Of the 1547 stocks traded today, 1217 were on the uptrend, and 278 went down.
Riding High:
Largecap and midcap gainers today include Glenmark Pharmaceuticals Ltd. (519.75, 26.97%), Indiabulls Housing Finance Ltd. (242.20, 19.08%) and Vodafone Idea Ltd. (10.10, 10.38%).
Downers:
Largecap and midcap losers today include LIC Housing Finance Ltd. (268.55, -5.69%), L&T; Technology Services Ltd. (1299.70, -3.23%) and Varun Beverages Ltd. (708.30, -3.23%).
Volume Rockets
36 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Glenmark Pharmaceuticals Ltd. (519.75, 26.97%), PTC India Ltd. (46.95, 15.07%) and Indian Bank (64.35, 14.50%).
Top high volume loser on BSE was Indostar Capital Finance Ltd. (285.00, -0.28%).
Lakshmi Machine Works Ltd. (2976.10, 12.24%) was trading at 24.9 times of weekly average. Vardhman Textiles Ltd. (673.80, 0.07%) and Cipla Ltd. (655.95, 3.10%) were trading with volumes 15.6 and 8.8 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
15 stocks hit their 52 week highs,
Stocks touching their year highs included - Alembic Pharmaceuticals Ltd. (937.60, -0.94%), Bayer Cropscience Ltd. (5846.25, -2.40%) and Cipla Ltd. (655.95, 3.10%).
32 stocks climbed above their 200 day SMA including Indiabulls Housing Finance Ltd. (242.20, 19.08%) and Sun Pharma Advanced Research Company Ltd. (164.45, 12.87%). 5 stocks slipped below their 200 SMA including ICICI Lombard General Insurance Company Ltd. (1271.60, 0.11%) and The New India Assurance Company Ltd. (124.45, 0.20%).
