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%).
