Nifty 50 closed at 11527.45 (-7.6, -0.1%) , BSE Sensex closed at 38990.94 (-95.1, -0.2%) while the broader Nifty 500 closed at 9534.65 (16.3, 0.2%)
Market breadth is in the green. Of the 1659 stocks traded today, 883 were in the positive territory and 713 were negative.
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HDFC Securities gives a buy rating to JK Cement and a reduce rating to Jubilant Foodworks.
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ICICI Bank, State Bank of India, Axis Bank and Kotak Mahindra Bank are falling as banking stocks turn red in a declining market.
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Kajaria Ceramics receives a 'BUY' from Edelweiss owing to the tile manufacturer's "unwavering brand focus, new designs and robust distribution."
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Asahi India Glass, Finolex Industries, Varroc Engineering and Advanced Enzyme Technologies are trading in the green with trading volume higher than their weekly average.
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Tata Consumer Products, AstraZeneca Pharma, Adani Gas and Jubilant Foodworks are among the top stocks to hit fresh 52-week highs.
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Spicejet, InterGlobe Aviation, Jet Airways are leading the charge for airline stocks as the government allows domestic flights to operate at 60% capacity.
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Vodafone Idea is rising as reports emerge of American wireless carrier Verizon Communications and e-commerce major Amazon looking to invest $4 billion for a stake in the telecom company.
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Dish TV is on the rise as the Zee Group and Videocon Group owned satellite service provider reports a net profit of Rs. 74.5 crore for Q1FY21, against a net loss or Rs. 35.4 crore for the same period last year.
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Nifty 50 was trading at 11552.15 (17.2, 0.2%) , BSE Sensex was trading at 39138.68 (52.7, 0.1%) while the broader Nifty 500 was trading at 9545.85 (27.5, 0.3%)
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Market breadth is overwhelmingly positive. Of the 1510 stocks traded today, 959 were on the uptick, and 459 were down.
Riding High:
Largecap and midcap gainers today include Vodafone Idea Ltd. (12.55, 26.77%), Aditya Birla Capital Ltd. (71.25, 12.29%) and Bharti Infratel Ltd. (218.50, 11.45%).
Downers:
Largecap and midcap losers today include Future Retail Ltd. (118.40, -10.00%), Aditya Birla Fashion and Retail Ltd. (139.30, -4.10%) and Godrej Industries Ltd. (450.70, -3.14%).
Crowd Puller Stocks
10 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Aditya Birla Capital Ltd. (71.25, 12.29%), United Breweries Ltd. (1155.25, 6.52%) and Jamna Auto Industries Ltd. (44.60, 6.44%).
Top high volume losers on BSE were Great Eastern Shipping Company Ltd. (238.15, -7.91%) and Mahindra Lifespace Developers Ltd. (233.35, -5.98%).
Gateway Distriparks Ltd. (100.00, 5.93%) was trading at 7.5 times of weekly average. MindTree Ltd. (1205.80, 0.98%) and Finolex Industries Ltd. (523.95, 3.72%) were trading with volumes 3.9 and 3.7 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
14 stocks overperformed with 52 week highs,
Stocks touching their year highs included - Astral Poly Technik Ltd. (1255.90, 7.73%), Divi's Laboratories Ltd. (3282.50, -1.45%) and Escorts Ltd. (1224.55, 0.08%).
30 stocks climbed above their 200 day SMA including Aditya Birla Capital Ltd. (71.25, 12.29%) and Bharti Infratel Ltd. (218.50, 11.45%). 10 stocks slipped below their 200 SMA including Great Eastern Shipping Company Ltd. (238.15, -7.91%) and Vardhman Textiles Ltd. (781.30, -4.88%).
