Markets closed on a low note. Nifty 50 closed at 13660.80 (-156.8, -1.1%) , BSE Sensex closed at 46285.77 (-588.6, -1.3%) while the broader Nifty 500 closed at 11322.95 (-119.6, -1.1%).
Market breadth is in the red. Of the 1682 stocks traded today, 744 showed gains, and 876 showed losses.
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Vanguard's international fund cuts its stake in Axis Bank, Asian Paints, Bharti Airtel, HDFC, and Infosys in Q3FY21.
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Granules India's PAT drops by 10.2% with gross margins down by 4.2% on a QoQ basis. This was because of increased raw materials cost and a change in the product mix, said Granules India's executive director Priyanka Chigurupati.
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SKF India, TVS Motor Company, Sudarshan Chemical Industries, and Quess Corp are trading with volume at least 2 times the weekly average.
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Pharmaceutical company Lupin reports a net profit of Rs 438 crore in Q3, against a loss of Rs 835 crore in the year-ago period, with revenues increasing by 5.4% YoY.
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Indian Railway Finance Corporation (IRFC) lists at Rs 25, a discount of 4% against its issue price.
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Au Small Finance Bank reports Q3 net profits of Rs 480 crore against Rs 190 crore in the year-ago period, with net interest income at Rs 633 crore, a 25% rise YoY.
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Nifty Realty is in the green with gains in Phoenix Mills, Godrej Properties, Omaxe, and Sobha.
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ICICI Securities downgrades its rating on Hindustan Unilever from 'Buy' to 'Hold.' The FMCG company's stock is down by 4.2% in one week.
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InterGlobe Aviation, the market leader in the airline industry, reports a net loss of Rs 620 crore in Q3 with revenue at Rs 4,910 crore, a 53% YoY decline.
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Axis Direct ups its recommendation to 'Buy' from 'Hold' on Nippon Life India AMC with a target price at an upside of 14%.
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Pidilite Industries reports a 29% YoY increase in net profits for Q3 at Rs 447 crore, with revenue increasing by 19.3% annually to Rs 2,299 crore.
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Markets rise on early trading, Nifty 50 was trading at 13907.85 (90.3, 0.7%) , BSE Sensex was trading at 47108.22 (233.9, 0.5%) while the broader Nifty 500 was trading at 11519.20 (76.7, 0.7%)
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Market breadth is surging up. Of the 1549 stocks traded today, 1246 were in the positive territory and 239 were negative.
Riding High:
Largecap and midcap gainers today include Shriram Transport Finance Company Ltd. (1293.00, 16.37%), Emami Ltd. (502.00, 6.80%) and IndusInd Bank Ltd. (850.00, 5.91%).
Downers:
Largecap and midcap losers today include Havells India Ltd. (1044.00, -11.66%), Mahindra & Mahindra Financial Services Ltd. (154.00, -6.21%) and Dr. Reddy's Laboratories Ltd. (4572.30, -6.15%).
Volume Rockets
17 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included IIFL Finance Ltd. (146.85, 19.98%), Shriram Transport Finance Company Ltd. (1293.00, 16.37%) and KPIT Technologies Ltd. (141.10, 6.13%).
Top high volume losers on BSE were Mahindra & Mahindra Financial Services Ltd. (154.00, -6.21%), Dr. Reddy's Laboratories Ltd. (4572.30, -6.15%) and Navneet Education Ltd. (81.50, -3.66%).
SKF India Ltd. (1750.00, 0.20%) was trading at 7.0 times of weekly average. Sudarshan Chemical Industries Ltd. (507.60, 3.29%) and Indostar Capital Finance Ltd. (328.50, 2.98%) were trading with volumes 5.4 and 4.7 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
6 stocks hit their 52 week highs,
Stocks touching their year highs included - Cummins India Ltd. (659.75, 3.56%), Emami Ltd. (502.00, 6.80%) and Jyothy Labs Ltd. (162.05, 2.89%).
5 stocks climbed above their 200 day SMA including Manappuram Finance Ltd. (156.80, 2.28%) and Motilal Oswal Financial Services Ltd. (615.10, 1.69%). 11 stocks slipped below their 200 SMA including Mahindra & Mahindra Financial Services Ltd. (154.00, -6.21%) and Trent Ltd. (628.90, -4.60%).
