Markets fell in today's trading. Nifty 50 closed at 13823.40 (-144.1, -1.0%) , BSE Sensex closed at 46874.36 (-535.6, -1.1%) while the broader Nifty 500 closed at 11446.25 (-100.1, -0.9%)
Market breadth is holding steady. Of the 1686 stocks traded today, 820 were gainers and 812 were losers.
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Maruti Suzuki's records revenue of Rs 23,458 crore in Q3, a 13.3% jump on a YoY basis with net profits of Rs 1,941 crore, a 24% annual growth.
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Stove Kraft's Rs 412 crore IPO is subscribed by 6.5 times on the final day of the bidding process.
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Shriram City Union Finance, VRL Logistics, National Fertilizers, and Elgi Equipments are trading with volume at least 3 times the weekly average.
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United Spirits reports a 3.3% YoY increase in net sales in Q3 at Rs 2,673 crore with quarterly net profit up by 22% to Rs 287 crore.
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ICICI Securities ups its recommendation to 'Buy' from 'Hold' on JK Tyre and Industries with a target price upside of 36%.
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HDFC Mutual Fund cuts its stake in Aurobindo Pharma disposing 1.1 crore shares, representing 2% of the company.
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Hindustan Unilever reports Q3 net profits at Rs 1,921 crore, a 19% jump on a YoY basis, with total income rising by 20% to Rs 11,862 crore.
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The Life Insurance Corporation of India (LIC) acquires 1.9 crore shares in Castrol India, now holding a 10.5% stake in the company.
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HDFC Securities signals a 'Reduce' on Kotak Mahindra Bank stating the private-sector bank's loan momentum in Q4 has been priced into its current valuations.
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Axis Bank reports a 36% YoY fall in Q3 net profits at Rs 1,116 crore and a net interest income (NII) of Rs 7,373 crore, a 14% annual gain.
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Markets opened on a low note. Nifty 50 was trading at 13834.40 (-133.1, -1.0%) , BSE Sensex was trading at 47122.75 (-287.2, -0.6%) while the broader Nifty 500 was trading at 11441.85 (-104.5, -0.9%)
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Market breadth is sharply down. Of the 1555 stocks traded today, 343 were in the positive territory and 1156 were negative.
Riding High:
Largecap and midcap gainers today include Axis Bank Ltd. (671.45, 6.23%), Havells India Ltd. (1177.65, 5.52%) and Federal Bank Ltd. (71.80, 2.87%).
Downers:
Largecap and midcap losers today include Bank of Baroda (66.75, -9.86%), Aditya Birla Fashion and Retail Ltd. (152.30, -6.05%) and Varun Beverages Ltd. (860.00, -4.51%).
Volume Rockets
11 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Tata Metaliks Ltd. (752.90, 9.66%), VRL Logistics Ltd. (194.05, 7.48%) and Axis Bank Ltd. (671.45, 6.23%).
Top high volume losers on BSE were DCB Bank Ltd. (103.40, -5.09%), Shriram City Union Finance Ltd. (980.80, -1.99%) and Schaeffler India Ltd. (4275.00, -1.78%).
DB Corp Ltd. (80.50, 1.19%) was trading at 6.6 times of weekly average. Prism Johnson Ltd. (90.35, 0.39%) and Eris Lifesciences Ltd. (621.20, 1.72%) were trading with volumes 5.0 and 3.6 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
3 stocks made 52 week highs,
Stocks touching their year highs included - Ceat Ltd. (1555.60, 4.28%), Havells India Ltd. (1177.65, 5.52%) and ABB India Ltd. (1350.35, -2.77%).
3 stocks climbed above their 200 day SMA including Bharat Petroleum Corporation Ltd. (384.50, 1.02%) and Jai Corp Ltd. (85.95, 0.70%). 12 stocks slipped below their 200 SMA including Ipca Laboratories Ltd. (1894.00, -2.51%) and Bayer Cropscience Ltd. (5395.00, -2.34%).
