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IndusInd Bank has reportedly acquired 7.82% stake in Eveready by invoking pledged shares of the company.
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Goldman Sachs Singapore has sold 2.74 million shares in Bandhan Bank via a block deal.
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Markets closed flat. Nifty 50 closed at 11214.05 (13.9, 0.1%) , BSE Sensex closed at 38040.57 (15.1, 0.0%) while the broader Nifty 500 closed at 9198.65 (29.6, 0.3%)
Market breadth is in the green. Of the 1670 stocks traded today, 1012 were in the positive territory and 571 were negative.
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HDFC has launched an aggressive fundraising plan, via a qualified institutional placement (QIP) issue comprising equity shares and warrants for up to Rs 14,000 crore. The floor price for the issue has been set at Rs 1,838.9 per share.
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KEI Industries jumps today, rising over 6% on announcement of its Q1 results. Despite revenue weakness the Q1 performance of the cables company surpassed analyst estimates.
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Persistent Systems hits a ten year high in share price today.
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Nirmal Bang analysts are expecting Cipla's net profits to fall sharply this quarter, potentially declining upto 50% YoY.
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Axis Direct is a Sell on Astral Poly, citing low expectations for pipe sales considering the slowdown in residential real estate. Axis analysts expect this slowdown to continue into Q2.
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Goldman Sachs Singapore has sold 756,286 shares in Tech Mahindra via a block deal.
- Markets are flat in early trading. Nifty 50 was trading at 11170.40 (-29.8, -0.3%) , BSE Sensex was trading at 37939.15 (-86.3, -0.2%) while the broader Nifty 500 was trading at 9167.90 (-1.2, -0.0%). Market breadth is highly positive. Of the 1488 stocks traded today, 960 were on the uptick, and 433 were down.
Riding High:
Largecap and midcap gainers today include Honeywell Automation India Ltd. (31013.50, 13.55%), RBL Bank Ltd. (191.30, 9.85%) and Bayer Cropscience Ltd. (6137.85, 8.97%).
Downers:
Largecap and midcap losers today include Lupin Ltd. (879.85, -6.02%), Varun Beverages Ltd. (745.10, -5.47%) and PI Industries Ltd. (1946.40, -4.39%).
Movers and Shakers
51 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included GMM Pfaudler Ltd. (5059.40, 18.10%), Honeywell Automation India Ltd. (31013.50, 13.55%) and Delta Corp Ltd. (108.35, 10.06%).
Top high volume losers on BSE were Lupin Ltd. (879.85, -6.02%), TV Today Network Ltd. (201.30, -3.85%) and Dalmia Bharat Ltd. (763.90, -3.02%).
JSW Energy Ltd. (48.10, 5.48%) was trading at 13.8 times of weekly average. Torrent Power Ltd. (337.10, 2.84%) and Emami Ltd. (257.30, 8.06%) were trading with volumes 11.4 and 11.3 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
22 stocks made 52 week highs,
Stocks touching their year highs included - Alembic Pharmaceuticals Ltd. (1051.15, -2.82%), Ambuja Cements Ltd. (219.55, -1.53%) and Aurobindo Pharma Ltd. (906.45, -0.36%).
25 stocks climbed above their 200 day SMA including Honeywell Automation India Ltd. (31013.50, 13.55%) and Emami Ltd. (257.30, 8.06%). 6 stocks slipped below their 200 SMA including Au Small Finance Bank Ltd. (709.50, -3.69%) and Astral Poly Technik Ltd. (1048.95, -2.97%).
