Markets closed up today. Nifty 50 closed at 11227.55 (177.3, 1.6%) , BSE Sensex closed at 37981.63 (593.0, 1.6%) while the broader Nifty 500 closed at 9330.25 (174.2, 1.9%)
Market breadth is ticking up strongly. Of the 1683 stocks traded today, 1270 were on the uptrend, and 337 went down.
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Metropolis Healthcare, Varun Beverages, Adani Green Energy, and Elgi Equipments are trading with rising delivery volume.
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The promoter group of PSP Projects has been steadily reacquiring its equity. Since the beginning of the month, 60,000 shares in the construction company have been reacquired valued at Rs. 2.5 crores.
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Gulf Oil Lubricants India, Indoco Remedies, Vakrangee, and Welspun Corp are trading with volume higher than the weekly average.
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Ratnamani Metals & Tubes is rising as the pipes manufacturer bags order worth Rs. 216 crore for the supply of carbon steel pipes for the oil & gas industry.
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ICICI Securities gives a 'Buy' rating to The Anup Engineering, citing the equipment manufacturer's robust order inflows, strong visibility, and growth through Capex in oil & gas, petrochemicals, and LNG.
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Garware Technical Fibres, Escorts, Indiabulls Ventures, and Balkrishna Industries are rising having hit fresh 52-week highs.
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Tata Teleservices, Reliance Communications, Bharti Airtel, and Vodafone Idea trade in the green as telecom stocks rise.
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Elara Opportunities fund disposes over 7.4 lakh shares in Rossell India via a market sale, reducing its stake in the tea, aviation, and hospitality company by 2%.
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Multiplex majors PVR and Inox Leisure are rising as the West Bengal government announces partial reopening of cinema halls from October 1.
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Amansa Holdings & Amansa Investments picks up over 48,000 shares in Ceat, increasing its holding in the tyre-company to 9.2%.
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Reliance Industries is rising as the company's retail-wing, Reliance Retail Ventures receives Rs. 7,500 crore from private equity firm Silver Lake for a 1.75% stake in the retail company.
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Markets are up today morning. Nifty 50 was trading at 11119.95 (69.7, 0.6%) , BSE Sensex was trading at 37727.68 (339.0, 0.9%) while the broader Nifty 500 was trading at 9237.75 (81.7, 0.9%)
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Market breadth is highly positive. Of the 1516 stocks traded today, 1247 were in the positive territory and 205 were negative.
Riding High:
Largecap and midcap gainers today include IndusInd Bank Ltd. (556.75, 8.14%), HDFC Asset Management Company Ltd. (2273.00, 7.69%) and Indiabulls Housing Finance Ltd. (155.65, 7.16%).
Downers:
Largecap and midcap losers today include Alkem Laboratories Ltd. (2750.00, -1.87%), Edelweiss Financial Services Ltd. (57.35, -1.71%) and Bayer Cropscience Ltd. (5914.00, -1.28%).
Volume Rockets
18 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included NOCIL Ltd. (146.00, 13.31%), PVR Ltd. (1233.65, 12.05%) and Multi Commodity Exchange of India Ltd. (1786.60, 9.16%).
Top high volume losers on BSE were Redington (India) Ltd. (115.95, -1.74%) and Spandana Sphoorty Financial Ltd. (518.70, -0.19%).
Gulf Oil Lubricants India Ltd. (667.50, 4.62%) was trading at 11.9 times of weekly average. Indoco Remedies Ltd. (264.85, 1.20%) and Mahindra Logistics Ltd. (341.55, 7.76%) were trading with volumes 6.0 and 4.3 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
15 stocks overperformed with 52 week highs,
Stocks touching their year highs included - Apollo Hospitals Enterprise Ltd. (2062.00, 1.69%), Balkrishna Industries Ltd. (1447.65, 6.76%) and Escorts Ltd. (1293.00, 7.45%).
60 stocks climbed above their 200 day SMA including Himadri Speciality Chemical Ltd. (55.50, 9.25%) and Swan Energy Ltd. (124.30, 8.09%). 1 stock slipped below their 200 SMA including Akzo Nobel India Ltd. (2067.00, 2.57%).
