Nifty 50 closed at 11131.85 (-21.8, -0.2%) , BSE Sensex closed at 37668.42 (-65.7, -0.2%) while the broader Nifty 500 closed at 9194.35 (-19.6, -0.2%)
Market breadth is in the red. Of the 1674 stocks traded today, 728 were in the positive territory and 873 were negative.
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GMM Pfaudler, Kajaria Ceramics, Sundaram Finance, and Birla Corporation are trading with rising delivery volumes.
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Induslnd Bank, Punjab National Bank, IDBI Bank, and State Bank of India are trading in the red as banking stocks fall.
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The promoter groups of Somany Home Innovation has been reacquiring the company's equity. Over the past two weeks, 12.5 lakh shares were reacquired.
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Sterling and Wilson Solar is surging as its parent company SP Group said it's ending its partnership with the Tata group and potentially selling its estimated Rs. 1.5 trillion stake in Tata Sons.
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Mahindra & Mahindra Financial Services, Ingersoll - Rand, and Coal India have hit new 52-week lows.
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Axis Direct and Sharekhan give HCL Technologies a 'Buy' rating with an increased upside. The IT company's stock price is up by 105% since March.
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IT stocks are rising led by Infosys, Hexaware Technologies, Mphasis, and MindTree which hit fresh 52-week highs.
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Zydus Wellness allots 21.2 lakh shares to Zydus Family Trust, the company's promoter group via preferential allotment at an average price of Rs.1,649 per share, valuing the deal at Rs. 349.9 crores.
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Hindustan Zinc is rising as the mining company's board approves raising up to Rs. 4,000 crores via debentures.
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AKG Finvest acquires 26 lakh shares in Brightcom Group at an average price of Rs. 6.7 per share, valuing the bulk deal at Rs. 1.7 crores.
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Reliance Retail Ventures, a subsidiary of Reliance Industries, secures Rs. 5,550 crore investment from global investment firm KKR for 1.2% equity in the retail company.
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Markets opened high. Nifty 50 was trading at 11204.20 (50.6, 0.5%) , BSE Sensex was trading at 37977.32 (243.2, 0.6%) while the broader Nifty 500 was trading at 9257.70 (43.8, 0.5%)
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Market breadth is ticking up strongly. Of the 1490 stocks traded today, 1069 were on the uptrend, and 351 went down.
Riding High:
Largecap and midcap gainers today include Page Industries Ltd. (19375.05, 5.43%), InterGlobe Aviation Ltd. (1282.70, 3.90%) and Tata Power Company Ltd. (53.45, 3.89%).
Downers:
Largecap and midcap losers today include Vodafone Idea Ltd. (9.10, -11.22%), Bharti Airtel Ltd. (433.80, -7.89%) and Jubilant Life Sciences Ltd. (722.00, -7.58%).
BSE 500: highs, lows and moving averages
6 stocks made 52 week highs, while 1 stock were underachiever and hit their 52 week lows.
Stocks touching their year highs included - Firstsource Solutions Ltd. (74.95, 4.02%), Hexaware Technologies Ltd. (468.25, 1.61%) and MindTree Ltd. (1297.85, -0.75%).
Stock making new 52 weeks lows included - Mahindra & Mahindra Financial Services Ltd. (120.00, 1.57%).
27 stocks climbed above their 200 day SMA including Sterling and Wilson Solar Ltd. (235.70, 19.98%) and Bajaj Consumer Care Ltd. (182.60, 4.46%). 22 stocks slipped below their 200 SMA including Sheela Foam Ltd. (1384.00, -3.48%) and Tata Steel Ltd. (361.15, -3.47%).
