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Goldman Sachs Singapore has sold TVS Motor shares in a bulk deal on the BSE, disposing of over 3.5 million shares. GS Singapore had recently sold Bandhan Bank and Tech Mahindra shares as well.
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Markets closed higher today. Nifty 50 closed at 11270.15 (56.1, 0.5%) , BSE Sensex closed at 38182.08 (141.5, 0.4%) while the broader Nifty 500 closed at 9268.55 (69.9, 0.8%)
Market breadth is overwhelmingly positive. Of the 1704 stocks traded today, 1087 were in the positive territory and 531 were negative.
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Pharma company IPCA Labs hits a record high today on June quarter results.
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The rural and small town story continues to be a big part of the Indian recovery, with Amazon India saying that over 65% of new member signups on the site this year are from outside of the top 10 cities.
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Tea business McLeod Russel is seeing promoters selling stake as the company looks to reduce its debt. Falling prices at tea auctions amid a supply glut has hit the Indian tea industry. Internationally, competition from markets such as Kenya have impacted global prices.
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Persistent Systems CEO Chris O'Connor resigns, citing personal reasons. O'Connor has been with the company for 19 months. The company has struggled to retain its C-suite and top talent, losing its chief product officer, Nara Rajagopalan and President of Technology Services, Sudhir Kulkarni last year.
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A strong performance for Cipla in its June quarter results has pushed the company's share price to an all time high.
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Emami, Divis Lab are among the top gainers today on results.
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Markets are up today morning. Nifty 50 was trading at 11310.15 (96.1, 0.9%) , BSE Sensex was trading at 38346.60 (306.0, 0.8%) while the broader Nifty 500 was trading at 9285.45 (86.8, 0.9%). Market breadth is ticking up strongly. Of the 1571 stocks traded today, 1113 were on the uptick, and 363 were down.
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IndusInd Bank has reportedly acquired 7.82% stake in Eveready by invoking pledged shares of the company.
Riding High:
Largecap and midcap gainers today include Emami Ltd. (307.10, 19.35%), Divi's Laboratories Ltd. (3117.80, 11.96%) and Cipla Ltd. (795.60, 9.19%).
Downers:
Largecap and midcap losers today include Container Corporation of India Ltd. (386.40, -15.24%), RBL Bank Ltd. (181.00, -5.38%) and Hindustan Zinc Ltd. (243.15, -3.87%).
Crowd Puller Stocks
47 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included HFCL Ltd. (17.10, 19.58%), Emami Ltd. (307.10, 19.35%) and Va Tech Wabag Ltd. (149.30, 18.16%).
Top high volume losers on BSE were Container Corporation of India Ltd. (386.40, -15.24%), Sheela Foam Ltd. (1380.85, -2.74%) and Tube Investments of India Ltd. (535.20, -2.05%).
Godrej Industries Ltd. (385.95, 5.21%) was trading at 10.7 times of weekly average. TVS Srichakra Ltd. (1605.45, 8.05%) and Ipca Laboratories Ltd. (2099.50, 7.30%) were trading with volumes 8.1 and 7.7 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
35 stocks hit their 52 week highs,
Stocks touching their year highs included - Ajanta Pharma Ltd. (1722.75, 1.75%), Aurobindo Pharma Ltd. (948.85, 4.68%) and Bombay Burmah Trading Corporation Ltd. (1529.55, 12.43%).
24 stocks climbed above their 200 day SMA including HFCL Ltd. (17.10, 19.58%) and Va Tech Wabag Ltd. (149.30, 18.16%). 8 stocks slipped below their 200 SMA including Sheela Foam Ltd. (1380.85, -2.74%) and TTK Prestige Ltd. (5457.95, -1.63%).
