Markets closed up today. Nifty 50 closed at 11173.10 (150.9, 1.4%) , BSE Sensex closed at 37930.33 (511.3, 1.4%) while the broader Nifty 500 closed at 9078.10 (93, 1.0%). Market breadth is in the green. Of the 1668 stocks traded today, 857 were gainers and 746 were losers.
Rahul Bajaj will be stepping down as Bajaj Finance Chairman. His son Sanjiv Bajaj who is currently the vice-chairman will be taking over his role.
JK Cement, Rallis India, Dr. Lal Pathlabs among stocks hitting fresh 52 week highs today.
Granules India is a BUY from BP Wealth, with the analysts citing strong traction in formulations and operational efficiencies.
ACC Ltd is among the top gainers today after announcing Q2 results. Analysts at Jeffries and CLSA raised the stock's target price, with Jefferies upping the target from Rs. 1,500 to Rs. 1,700.
The market opened on an upbeat note. Nifty 50 was trading at 11153.45 (131.3, 1.2%) , BSE Sensex was trading at 37896.43 (477.4, 1.3%) while the broader Nifty 500 was trading at 9080.60 (95.5, 1.1%). Market breadth is ticking up strongly. Of the 1486 stocks traded today, 1078 showed gains, and 323 showed losses.
Riding High:
Largecap and midcap gainers today include Piramal Enterprises Ltd. (1551.30, 10.31%), Bank of India (50.40, 7.01%) and Power Grid Corporation of India Ltd. (174.00, 6.42%).
Downers:
Largecap and midcap losers today include Vodafone Idea Ltd. (8.45, -7.14%), Bajaj Finance Ltd. (3306.00, -3.94%) and Future Retail Ltd. (107.00, -3.47%).
Movers and Shakers
47 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Bank of Maharashtra (12.00, 12.15%), Piramal Enterprises Ltd. (1551.30, 10.31%) and Sunteck Realty Ltd. (183.05, 9.58%).
Top high volume losers on BSE were Graphite India Ltd. (174.50, -3.54%), General Insurance Corporation of India (157.75, -2.47%) and Maharashtra Scooters Ltd. (3157.15, -2.44%).
Sheela Foam Ltd. (1490.00, -2.27%) was trading at 19.4 times of weekly average. Carborundum Universal Ltd. (235.20, -2.10%) and CARE Ratings Ltd. (444.90, 4.86%) were trading with volumes 13.6 and 13.3 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
17 stocks made 52 week highs,
Stocks touching their year highs included - Britannia Industries Ltd. (3888.00, -2.38%), Coromandel International Ltd. (805.00, 1.11%) and Deepak Fertilisers & Petrochemicals Corporation Ltd. (129.70, 7.06%).
20 stocks climbed above their 200 day SMA including Bank of Maharashtra (12.00, 12.15%) and Central Bank of India (18.30, 8.61%). 10 stocks slipped below their 200 SMA including Capri Global Capital Ltd. (169.70, -6.63%) and Bombay Dyeing & Manufacturing Company Ltd. (68.75, -4.05%).
