Nifty 50 closed at 14630.40 (-14.3, -0.1%) , BSE Sensex closed at 49624.76 (-167.4, -0.3%) while the broader Nifty 500 closed at 12048.45 (-29.9, -0.3%)
Market breadth is sharply down. Of the 1705 stocks traded today, 515 showed gains, and 1153 showed losses.
Whirlpool of India hits a lifetime high, Blue Dart Express, V-Guard Industries, and Bosch hit new 52-week highs.
Havells, TTK Prestige, Aavas Financiers, and EID Parry are trading with volume at least 6 times the weekly average.
Sunil Singhania's Abakkus Fund acquires 6.2 lakh shares for Rs 33.4 crore in Kaveri Seed Company taking a 1.04% stake.
Federal Bank reports a net profit of Rs 404 crore in Q3, an 8% decline on a YoY basis, with total income increasing by 5.4% YoY to Rs 3,940 crore.
Indigo Paints' Rs 1,100 crore IPO oversubscribed by 3 times on day 2 of the bidding.
HDFC Asset Management Company (AMC) reports a 5% increase in Q3 net profits on a YoY basis to Rs 369.2 crore with a total income of Rs 595 crore.
Rallis India receives a 'Buy' rating from ICICI Securities with an increased target price. The brokerage said Rallis India's revenue will be helped by increased capex.
Rakesh Jhunjhunwala cuts his stake in Federal Bank by 0.3% and acquires a 2.2% stake in pharmaceutical company Wockhardt in Q3FY21.
Flipkart's acquisition of a 7.8% stake in Aditya Birla Fashion and Retail (ABFR) for Rs 1,500 crore is approved by the Competition Commission of India (CCI).
ICICI Securities downgrades its rating on Alembic Pharmaceuticals from 'Buy' to 'Hold' with a decreased target price at a 2% upside against its market price.
Bajaj Finance announces a net profit of Rs 1,146 crore in Q3, a 29% decline on a YoY basis with total income lower by 5% annually.
SEBI approves Reliance Industries' Rs 24,700 crore acquisition of Future Group's retail business.
Upbeat trading today, as Nifty 50 was trading at 14735.40 (90.7, 0.6%) , BSE Sensex was trading at 50071.44 (279.3, 0.6%) while the broader Nifty 500 was trading at 12156.55 (78.2, 0.7%)
Market breadth is ticking up strongly. Of the 1570 stocks traded today, 1175 were on the uptick, and 329 were down.
Riding High:
Largecap and midcap gainers today include Havells India Ltd. (1131.20, 10.89%), Crompton Greaves Consumer Electricals Ltd. (438.00, 7.90%) and Tata Motors Ltd. (292.50, 6.40%).
Downers:
Largecap and midcap losers today include L&T Finance Holdings Ltd. (96.20, -7.37%), L&T Technology Services Ltd. (2522.00, -5.12%) and Cholamandalam Investment & Finance Company Ltd. (434.80, -4.95%).
Crowd Puller Stocks
34 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Havells India Ltd. (1131.20, 10.89%), V-Guard Industries Ltd. (237.30, 9.38%) and JK Tyre & Industries Ltd. (116.00, 8.87%).
Top high volume losers on BSE were GMM Pfaudler Ltd. (3650.00, -5.61%), Westlife Development Ltd. (452.50, -4.11%) and Alembic Pharmaceuticals Ltd. (942.00, -3.88%).
EID Parry (India) Ltd. (369.00, 6.83%) was trading at 8.9 times of weekly average. TTK Prestige Ltd. (6060.00, -0.38%) and Aavas Financiers Ltd. (1925.00, -0.03%) were trading with volumes 8.9 and 8.2 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
43 stocks took off, crossing 52 week highs,
Stocks touching their year highs included - Adani Transmission Ltd. (472.00, 3.69%), AIA Engineering Ltd. (2165.00, -0.81%) and Apollo Hospitals Enterprise Ltd. (2582.70, -3.48%).
