Markets closed lower today. Nifty 50 closed at 10764.20 (-49.3, -0.5%) , BSE Sensex closed at 36587.07 (-150.6, -0.4%) while the broader Nifty 500 closed at 8810.50 (-41, -0.5%). Market breadth is moving down. Of the 1621 stocks traded today, 451 showed gains, and 1133 showed losses.
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Top gainers in the market today include pharma companies Laurus Labs and Granules India, which have topped the list.
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Axis Direct makes a BUY recommendation on NOCIL with an increase in its target price.
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Reliance Industries hits an all-time high in its share price today.
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Cognizant India's Chairman and Managing Director Ramkumar Ramamoorthy has resigned. Ramamoorthy became Chairman of the company last year, and his departure is one of a series of recent high level exits from Cognizant.
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TCS missed its estimates for Q1FY21 in its results, with management observing that the decline was visible across sectors. 'We believe Q1 is the quarter that took the worst of the Covid19 impact," CEO Rajesh Gopinathan remarked, "And that Q2 will show a recovery."
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Markets are lower in trading. Nifty 50 was trading at 10795.20 (-18.3, -0.2%) , BSE Sensex was trading at 36668.10 (-69.6, -0.2%) while the broader Nifty 500 was trading at 8845.65 (-5.9, -0.1%). Market breadth is in the red. Of the 1501 stocks traded today, 636 were in the positive territory and 794 were negative.
Riding High:
Largecap and midcap gainers today include Vodafone Idea Ltd. (9.70, 3.74%), Gujarat Gas Ltd. (298.50, 3.41%) and Jindal Steel & Power Ltd. (168.85, 2.93%).
Downers:
Largecap and midcap losers today include Punjab National Bank (34.95, -5.80%), IDBI Bank Ltd. (43.70, -5.00%) and Future Retail Ltd. (105.80, -4.98%).
Volume Shockers
5 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Firstsource Solutions Ltd. (43.65, 8.04%), Spandana Sphoorty Financial Ltd. (668.45, 4.99%) and Sun Pharma Advanced Research Company Ltd. (167.70, 3.04%).
Top high volume loser on BSE was APL Apollo Tubes Ltd. (1720.25, -0.12%).
Indian Railway Catering & Tourism Corporation Ltd. (1406.30, 1.53%) was trading at 3.3 times of weekly average.
BSE 500: highs, lows and moving averages
13 stocks took off, crossing 52 week highs, while 1 stock tanked below their 52 week lows.
Stocks touching their year highs included - Aurobindo Pharma Ltd. (817.35, 0.55%), Biocon Ltd. (412.25, 1.55%) and Britannia Industries Ltd. (3715.45, 1.14%).
Stock making new 52 weeks lows included - Omaxe Ltd. (79.80, -4.94%).
12 stocks climbed above their 200 day SMA including Firstsource Solutions Ltd. (43.65, 8.04%) and Endurance Technologies Ltd. (921.60, 2.74%). 18 stocks slipped below their 200 SMA including Mahanagar Gas Ltd. (972.40, -3.91%) and Crompton Greaves Consumer Electricals Ltd. (240.55, -2.61%).
