Trendlyne Marketwatch
Trendlyne Marketwatch
04 Aug 2020
LIVE: SBI Cards, HDFC Bank get new CEOs
  • The Government of Singapore buys shares in IRB Infrastructure Developers.

  • A day for new CEOs: SBI Cards & Payment Services says that Ashwini Kumar Tewari has taken charge as the company's new Managing Director and CEO. The RBI has also approved Sashidhar Jagdishan's appointment as HDFC Bank's new MD and CEO. 

  • Markets closed up today. Nifty 50 closed at 11095.25 (203.7, 1.9%) , BSE Sensex closed at 37687.91 (748.3, 2.0%) while the broader Nifty 500 closed at 9074.95 (142.9, 1.6%). Market breadth is ticking up strongly. Of the 1655 stocks traded today, 1064 were on the uptrend, and 520 went down.

  • Axis Direct is a BUY on Endurance Tech, the auto ancillary tech company, with a price target of Rs. 1190.

  • Firstsource Solutions gains more than 10% today, rising to a fresh year high.

  • Vaibhav Global, which sells jewellery online and via TV channels with its major market in the US, is rising today on high volumes.

  • KEC International is up today after the company said that it had won orders worth Rs 1,192 crore across various businesses.

  • IT stocks with a significant US presence are lower today after President Trump passed an executive order banning H1B workers on federal government contracts. While this doesn't impact private sector contracts, US central government funded, as well as defense contracts to IT companies would be among those where H1B workers wouldn't be allowed. 

  • Torrent Pharma hits a fresh lifetime high today.

  • Essel Propack, Bliss GVS Pharma among the top gainers today.

  • Markets are higher in early trading. Nifty 50 was trading at 10933.60 (42, 0.4%) , BSE Sensex was trading at 37038.39 (98.8, 0.3%) while the broader Nifty 500 was trading at 8972.65 (40.6, 0.5%). Market breadth is overwhelmingly positive. Of the 1489 stocks traded today, 1025 were on the uptrend, and 382 went down.

Riding High:

Largecap and midcap gainers today include Rajesh Exports Ltd. (478.55, 8.27%), Reliance Industries Ltd. (2150.60, 7.05%) and Apollo Tyres Ltd. (115.15, 6.52%).

Downers:

Largecap and midcap losers today include MphasiS Ltd. (1103.85, -3.56%), Tech Mahindra Ltd. (652.65, -3.11%) and Jubilant Life Sciences Ltd. (835.45, -2.99%).

Crowd Puller Stocks

28 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Vaibhav Global Ltd. (1595.00, 19.19%), Firstsource Solutions Ltd. (57.60, 12.39%) and Fine Organic Industries Ltd. (2466.00, 11.59%).

Top high volume losers on BSE were JTEKT India Ltd. (65.25, -2.03%) and Emami Ltd. (238.00, -1.29%).

KPR Mill Ltd. (442.95, 5.78%) was trading at 15.5 times of weekly average. VST Industries Ltd. (3481.70, 7.58%) and Rajesh Exports Ltd. (478.55, 8.27%) were trading with volumes 10.7 and 9.0 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

21 stocks overperformed with 52 week highs,

Stocks touching their year highs included - BASF India Ltd. (1437.60, 0.10%), Cadila Healthcare Ltd. (403.70, 2.29%) and Caplin Point Laboratories Ltd. (517.95, 10.50%).

25 stocks climbed above their 200 day SMA including Great Eastern Shipping Company Ltd. (277.60, 10.73%) and Shankara Building Products Ltd. (356.95, 7.48%). 6 stocks slipped below their 200 SMA including Tech Mahindra Ltd. (652.65, -3.11%) and Au Small Finance Bank Ltd. (696.75, -2.34%).

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