Market breadth is surging up. Of the 1655 stocks traded today, 1061 were on the uptrend, and 522 went down.
Marico's Chief Financial Officer Vivek Karve has resigned. Pawan Agarwal, who has been with Marico since 2004, takes up the role.
Granules, Cipla, Ipca Labs hit fresh year highs today.
Graphite manufacturer HEG is topping the list of gainers today.
HDFC Securities is a BUY on Federal Bank, stating that the impact of COVID19 on the bank will be lesser than the current valuation.
L&T; Technology Services is lower today after posting weak results showing a decline of 42.2% in net profit YoY and fall 3.9% fall in revenue YoY.
Markets are gaining in early trading. Nifty 50 was trading at 10809.65 (69.7, 0.7%) , BSE Sensex was trading at 36646.50 (174.8, 0.5%) while the broader Nifty 500 was trading at 8830.30 (63.7, 0.7%). Market breadth is highly positive. Of the 1468 stocks traded today, 984 were on the uptrend, and 409 went down.
Riding High:
Largecap and midcap gainers today include Vodafone Idea Ltd. (8.90, 13.38%), Bharat Petroleum Corporation Ltd. (443.80, 12.67%) and Hindustan Petroleum Corporation Ltd. (224.00, 6.77%).
Downers:
Largecap and midcap losers today include L&T; Technology Services Ltd. (1380.60, -4.24%), MphasiS Ltd. (997.35, -3.29%) and Alkem Laboratories Ltd. (2497.50, -2.47%).
Movers and Shakers
28 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included HEG Ltd. (830.95, 14.46%), Bharat Petroleum Corporation Ltd. (443.80, 12.67%) and Orient Cement Ltd. (69.70, 9.16%).
Top high volume losers on BSE were L&T; Technology Services Ltd. (1380.60, -4.24%), IndiaMART InterMESH Ltd. (2050.60, -2.62%) and Britannia Industries Ltd. (3785.00, -1.81%).
Omaxe Ltd. (67.70, 3.99%) was trading at 198.3 times of weekly average. Chennai Petroleum Corporation Ltd. (82.75, 7.68%) and Minda Corporation Ltd. (69.90, 5.59%) were trading with volumes 6.5 and 5.9 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
9 stocks overperformed with 52 week highs, while 1 stock tanked below their 52 week lows.
Stocks touching their year highs included - Alembic Pharmaceuticals Ltd. (976.90, 0.75%), Britannia Industries Ltd. (3785.00, -1.81%) and Cipla Ltd. (689.10, 2.16%).
Stock making new 52 weeks lows included - Omaxe Ltd. (67.70, 3.99%).
22 stocks climbed above their 200 day SMA including Bharat Petroleum Corporation Ltd. (443.80, 12.67%) and Orient Cement Ltd. (69.70, 9.16%). 7 stocks slipped below their 200 SMA including L&T; Technology Services Ltd. (1380.60, -4.24%) and Hindalco Industries Ltd. (162.15, -2.35%).
