-
Markets closed flat after strong early gains, with Reliance falling sharply as the AGM progressed. Nifty 50 closed at 10618.20 (10.9, 0.1%) , BSE Sensex closed at 36051.81 (18.8, 0.1%) while the broader Nifty 500 closed at 8689.85 (-3.5, -0.0%)
Market breadth is in the red. Of the 1660 stocks traded today, 591 showed gains, and 1018 showed losses.
-
Speaking of Reliance - Kotak Institutional Equities has retained a buy rating on the stock, raising its target price to Rs 2,150.
-
ICICI Direct expects Hindustan Unilever's net sales to decrease by 2.4 percent YoY (and gain 9.6 percent QoQ) to Rs. 9,872.8 crore
-
Reliance Industries' Chairman Mukesh Ambani confirms Google's investment in Reliance Jio platforms, which will amount to Rs. 33,737 crore for a 7.7% stake. "This is not just a financial but a strategic investment by the Internet giant. Thus, JPL has now four strategic partners - Facebook, Intel, Qualcomm and Google," Ambani said.
-
Upcoming IPO Rossari Biotech gets multiple subscribe calls from analysts.
-
Wipro is the top gainer in markets today, after the company delivered better than expected earnings in Q1.
-
Edelweiss is a buy on ICICI Bank, despite concerns on recent slippages. However analysts cited the bank's "strong current account-saving account (CASA) ratio, high PCR and a significant proportion of retail advances in its loan mix".
-
Upbeat trading today, as Nifty 50 was trading at 10738.05 (130.7, 1.2%) , BSE Sensex was trading at 36441.04 (408.0, 1.1%) while the broader Nifty 500 was trading at 8792.25 (98.9, 1.1%). Market breadth is ticking up strongly. Of the 1502 stocks traded today, 1065 were in the positive territory and 367 were negative.
Riding High:
Largecap and midcap gainers today include Wipro Ltd. (262.75, 16.78%), MphasiS Ltd. (994.05, 6.48%) and Infosys Ltd. (830.95, 6.09%).
Downers:
Largecap and midcap losers today include Vodafone Idea Ltd. (8.65, -7.49%), Bharat Heavy Electricals Ltd. (36.80, -5.40%) and L&T Finance Holdings Ltd. (60.85, -5.29%).
Movers and Shakers
23 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Wipro Ltd. (262.75, 16.78%), Sterlite Technologies Ltd. (151.55, 12.59%) and Aster DM Healthcare Ltd. (131.65, 8.67%).
Top high volume losers on BSE were Torrent Power Ltd. (318.10, -2.05%), Great Eastern Shipping Company Ltd. (213.70, -1.97%) and Schaeffler India Ltd. (3529.45, -1.36%).
Aavas Financiers Ltd. (1291.55, 1.81%) was trading at 15.5 times of weekly average. IDBI Bank Ltd. (40.05, 1.39%) and Zensar Technologies Ltd. (131.70, 6.00%) were trading with volumes 14.5 and 8.5 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
17 stocks hit their 52 week highs, while 1 stock were underachiever and hit their 52 week lows.
Stocks touching their year highs included - Aurobindo Pharma Ltd. (840.05, 3.79%), Coromandel International Ltd. (756.70, -1.51%) and Dhanuka Agritech Ltd. (808.15, 6.95%).
Stock making new 52 weeks lows included - Omaxe Ltd. (68.50, -4.99%).
20 stocks climbed above their 200 day SMA including Wipro Ltd. (262.75, 16.78%) and Aster DM Healthcare Ltd. (131.65, 8.67%). 17 stocks slipped below their 200 SMA including Bharat Heavy Electricals Ltd. (36.80, -5.40%) and Godrej Properties Ltd. (854.90, -4.46%).
