Trendlyne Marketwatch    
21 Jan 2021
Markets close lower, SEBI approves Reliance - Future Group deal

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%).

7 stocks slipped below their 200 SMA including Alembic Pharmaceuticals Ltd. (942.00, -3.88%) and Dishman Carbogen Amcis Ltd. (136.75, -2.88%).
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