Market breadth is in the green. Of the 1658 stocks traded today, 861 were on the uptick, and 719 were down.
Natco Pharma, Pi Industries among stocks hitting fresh year highs today.
Dilip Buildcon jumps today on a Rs. 4167 crore order win.
Larsen & Toubro (L&T;) is not releasing guidance for FY21, the company said. CEO SN Subrahmanyan said that it is likely to "take 1.5-2 years more for private sector investment to come back”.
Rossari Biotech, which got across the board subscribe recommendations from analysts, listed with a strong debut today, jumping more than 60%.
SBI Life gets buy calls post results from Axis Bank, HDFC Sec, Nirmal Bang Institutional.
Markets are higher in early trading. Nifty 50 was trading at 11165.90 (33.3, 0.3%) , BSE Sensex was trading at 37931.76 (60.2, 0.2%) while the broader Nifty 500 was trading at 9087.80 (41.2, 0.5%). Market breadth is overwhelmingly positive. Of the 1475 stocks traded today, 1009 showed gains, and 404 showed losses.
Riding High:
Largecap and midcap gainers today include Natco Pharma Ltd. (728.95, 8.21%), Oberoi Realty Ltd. (406.80, 6.94%) and Motilal Oswal Financial Services Ltd. (710.45, 6.83%).
Downers:
Largecap and midcap losers today include Future Retail Ltd. (100.45, -4.97%), Adani Green Energy Ltd. (320.30, -4.67%) and Axis Bank Ltd. (460.85, -3.78%).
Crowd Puller Stocks
22 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Dilip Buildcon Ltd. (310.35, 10.03%), ITI Ltd. (132.25, 9.98%) and Natco Pharma Ltd. (728.95, 8.21%).
Top high volume losers on BSE were Capri Global Capital Ltd. (155.30, -6.13%), Balmer Lawrie & Company Ltd. (119.65, -1.36%) and Rallis India Ltd. (303.00, -1.06%).
Essel Propack Ltd. (201.85, 6.21%) was trading at 8.9 times of weekly average. Galaxy Surfactants Ltd. (1629.85, 4.64%) and GHCL Ltd. (160.80, 5.34%) were trading with volumes 8.8 and 6.5 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
12 stocks made 52 week highs,
Stocks touching their year highs included - Coromandel International Ltd. (799.35, -1.69%), Escorts Ltd. (1167.25, -3.03%) and Granules India Ltd. (280.65, 3.93%).
25 stocks climbed above their 200 day SMA including IndiaMART InterMESH Ltd. (2437.15, 8.11%) and Heritage Foods Ltd. (321.60, 7.67%). 7 stocks slipped below their 200 SMA including Heidelberg Cement India Ltd. (176.25, -2.92%) and eClerx Services Ltd. (482.80, -2.86%).
Less
