Market breadth is balanced. Of the 1637 stocks traded today, 834 were in the positive territory and 761 were negative.
Aarti Drugs hits another fresh high today. The stock has a high Trendlyne Durability Score and is rising on expectation of good growth from its API (Active Pharmaceutical Ingredient) and formulation business.
Share price of Glenmark Pharma is going in the other direction. The company allegedly conspired with pharma firm Apotex Corp and other generic drug companies to increase prices of cholesterol medication pravastatin, as well as other drugs.
Motilal Oswal is a buy on CESC, noting the improved performance of the company's distribution franchise.
The NCLT has reserved its order in the plea by State Bank of India to recover Rs. 1,200 crore in dues from Anil Ambani.
Bank of Baroda is rising today. The bank says it plans to raise Rs. 2000 crore via bonds.
APL Apollo Tubes is rising post Q4 results announcement. The company's net sales consolidated for the quarter was down 9.8% YoY and net profit down 7.9% YoY.
Uflex is rising post results, with its March quarter standalone net sales down over 8% YoY.
Markets are higher but volatile in morning trade. Nifty 50 was trading at 10344.80 (42.7, 0.4%) , BSE Sensex was trading at 35080.14 (164.3, 0.5%) while the broader Nifty 500 was trading at 8502.60 (27.8, 0.3%). Market breadth is in the green. Of the 1506 stocks traded today, 826 were gainers and 618 were losers.
10 stocks in BSE 500 are trading on high volumes today.
TCNS Clothing Co. Ltd. (339.35, -0.16%) was trading at 6.5 times of weekly average. Navin Fluorine International Ltd. (1691.30, 4.27%) and JSW Energy Ltd. (48.85, 3.61%) were trading with volumes 5.1 and 3.3 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
Stock making new 52 weeks lows included - Omaxe Ltd. (127.05, -9.99%).
14 stocks climbed above their 200 day SMA including Caplin Point Laboratories Ltd. (346.50, 10.92%) and Sterlite Technologies Ltd. (117.55, 6.77%). 9 stocks slipped below their 200 SMA including Omaxe Ltd. (127.05, -9.99%) and Colgate-Palmolive (India) Ltd. (1374.80, -2.27%).