Markets close higher, Bharti Airtel hits a lifetime high

Markets rose in today's trading. Nifty 50 closed at 14783.60 (135.8, 0.9%) , BSE Sensex closed at 50255.75 (458.0, 0.9%) while the broader Nifty 500 closed at 12172.10 (118.9, 1.0%)

Market breadth is in the green. Of the 1698 stocks traded today, 1035 were gainers and 596 were losers.

Bharti Airtel and Astral Poly Technik hit lifetime highs, Birla Corporation and IIFL Finance hit new 52-week highs.
Ajanta Pharma reports Q3 net profits of Rs 177 crore, a 64% rise YoY with quarterly revenue of Rs 749 crore, a rise of 13% YoY.
Venky's and Grindwell Norton are trading in the green with 10 times the average weekly trading volume.
Hindustan Aeronautics is rising as the central government finalizes the Rs 48,000 deal with the defence company to supply 83 Tejas light combat aircrafts to the Indian Air Force.
Tata Consumer Products reports Q3 net profits of Rs 237 crore, a 25% YoY rise, with a revenue of Rs 3,070 crore, a 23% increase YoY.
Power Finance Corporation raises $500 million (~Rs 3,650 crore) through the issue of dollar-denominated bonds
The promoter group of Aurobindo Pharma creates a pledge using 90 lakh shares worth Rs 830 crore representing 1.5% of the company.
Hero MotoCorp reports total sales of 4.8 lakh units in January 2021, a 3.1% decline on a YoY basis with domestic sales lower by 4.1% and exports rising by 33%.
Tata Consumer Products will acquire Kottaram Agro Foods, the company operating the brand Soulfull, for Rs 155 crore.
The Abu Dhabi Investment Authority (ADIA) acquires 6.4 lakh shares of Indigo Paints for Rs 2,730 each, an 83% premium to its upper IPO price band.
Dixon Technologies' Q3 net profits rise by 134% YoY to Rs 62 crore, with revenues up by 120% YoY to Rs 2,182 crore. The company's board also approved a 1:5 stock split.
Nifty 50 was trading at 14680.45 (32.6, 0.2%) , BSE Sensex was trading at 49918.09 (120.4, 0.2%) while the broader Nifty 500 was trading at 12099.80 (46.6, 0.4%)
Market breadth is surging up. Of the 1579 stocks traded today, 1050 showed gains, and 450 showed losses.

Riding High:

Largecap and midcap gainers today include Jubilant Pharmova Ltd. (1016.00, 9.21%), PI Industries Ltd. (2247.00, 8.89%) and Astral Poly Technik Ltd. (1950.00, 8.35%).

Downers:

Largecap and midcap losers today include Ambuja Cements Ltd. (268.50, -2.81%), Bharat Forge Ltd. (634.00, -2.22%) and Marico Ltd. (414.95, -2.07%).

Volume Shockers

33 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Bajaj Consumer Care Ltd. (255.80, 19.98%), IIFL Finance Ltd. (213.15, 9.98%) and Jubilant Pharmova Ltd. (1016.00, 9.21%).

Top high volume losers on BSE were Balrampur Chini Mills Ltd. (157.35, -4.43%), Responsive Industries Ltd. (179.90, -2.39%) and Zydus Wellness Ltd. (1884.80, -1.73%).

Venky's (India) Ltd. (1669.00, 6.07%) was trading at 38.6 times of weekly average. Grindwell Norton Ltd. (782.50, 5.49%) and Deepak Fertilisers & Petrochemicals Corporation Ltd. (169.00, 5.59%) were trading with volumes 19.2 and 13.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

60 stocks made 52 week highs,

Stocks touching their year highs included - Adani Transmission Ltd. (505.00, 2.78%), Aegis Logistics Ltd. (293.90, 4.68%) and Ajanta Pharma Ltd. (1815.00, 3.88%).

11 stocks climbed above their 200 day SMA including Ipca Laboratories Ltd. (2046.00, 8.35%) and Coal India Ltd. (137.00, 4.38%). 2 stocks slipped below their 200 SMA including EPL Ltd. (218.25, -8.36%) and Reliance Industries Ltd. (1928.10, 0.12%).