Trendlyne Marketwatch    
14 Jan 2021, 09:46AM
Markets close higher, ICICI Prudential decreases stake in Hindalco

Nifty 50 closed at 14597.50 (32.7, 0.2%) , BSE Sensex closed at 49584.16 (91.8, 0.2%) while the broader Nifty 500 closed at 12070.65 (29.6, 0.3%)

Market breadth is in the red. Of the 1707 stocks traded today, 763 were in the positive territory and 872 were negative.

  • ICICI Securities' top pick in the oil & gas sector is Gujarat Gas with a 'Buy' rating, and Petronet LNG, Mahanagar Gas, Indraprastha Gas, Indian Oil Corp., and GAIL receive an 'Add' rating.

  • Adani Green Energy, APL Apollo Tubes, Sanofi India, and Atul are trading with rising delivery volume compared to the previous day.

  • ICICI Prudential Mutual Fund decreases its stake in Hindalco Industries, selling over 4.2 lakh shares via a market sale.

  • Hindustan Aeronautics, Akzo Nobel India, Garden Reach Shipbuilders & Engineers, and Steel Authority of India (SAIL) are trading with volume 4 times over the weekly average.

  • Indian Hume Pipe Company receives orders worth nearly Rs 200 crore from the groundwater development division of the government of Karnataka.

  • The Abu Dhabi Investment Authority adds stake in Computer Age Management Services (CAMS), Brigade Enterprises, and Coforge, and reduces its holding in Amber Enterprises in Q3FY21.

  • Indian Bank raises Rs 2,000 crore through the issue of tier 2 bonds on a private placement basis. Its stock is down by 5.5% in one month.

  • HDFC Securities' top picks in the realty sector are DLF, Oberoi Realty, Phoenix Mills, Kolte Patil Developers, and Sobha with a 'Buy' rating, while Brigade Enterprises and Prestige Estates Projects receive an 'Add' rating and Godrej Properties receives a 'Reduce.'

  • Hindustan Aeronautics is rising as the Cabinet Committee on Security (CCS) approves manufacturing of Tejas light combat aircraft (LCA) by the aerospace company for Rs 47,000 crore.

  • Infosys reports net profit of Rs 5,197 crore for Q3FY21, a 16.6% jump against the year-ago period, revenue for the quarter was Rs 25,927 crore, an 8.4% YoY increase.

  • Nifty 50 was trading at 14521.55 (-43.3, -0.3%) , BSE Sensex was trading at 49336.82 (-155.5, -0.3%) while the broader Nifty 500 was trading at 12014.95 (-26.2, -0.2%)

  • Market breadth is in the green. Of the 1588 stocks traded today, 792 were on the uptick, and 715 were down.

Riding High:

Largecap and midcap gainers today include Hindustan Aeronautics Ltd. (1008.45, 9.42%), MRF Ltd. (89938.05, 5.02%) and Adani Green Energy Ltd. (968.25, 5.00%).

Downers:

Largecap and midcap losers today include Steel Authority of India (SAIL) Ltd. (66.90, -10.44%), Trent Ltd. (650.00, -3.45%) and Varun Beverages Ltd. (911.00, -2.85%).

Volume Shockers

20 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Suven Pharmaceuticals Ltd. (498.15, 13.37%), Sequent Scientific Ltd. (206.50, 11.35%) and Quess Corp Ltd. (626.00, 10.42%).

Top high volume losers on BSE were Steel Authority of India (SAIL) Ltd. (66.90, -10.44%), Akzo Nobel India Ltd. (2356.00, -0.44%) and Gillette India Ltd. (5793.00, -0.30%).

Hindustan Aeronautics Ltd. (1008.45, 9.42%) was trading at 15.6 times of weekly average. Spandana Sphoorty Financial Ltd. (790.95, 3.32%) and Garden Reach Shipbuilders & Engineers Ltd. (197.50, 1.65%) were trading with volumes 10.6 and 7.7 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

36 stocks made 52 week highs,

Stocks touching their year highs included - Adani Ports & Special Economic Zone Ltd. (535.25, -0.26%), Aegis Logistics Ltd. (281.95, 1.81%) and Amara Raja Batteries Ltd. (1022.00, 3.61%).

1 stock slipped below their 200 SMA including Mishra Dhatu Nigam Ltd. (201.50, -3.82%).
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