Market sinks in today's trading. Nifty 50 closed at 15001.30 (-117.7, -0.8%) , BSE Sensex closed at 50889.76 (-434.9, -0.9%) while the broader Nifty 500 closed at 12454.75 (-111.0, -0.9%)
Market breadth is in the red. Of the 1700 stocks traded today, 562 were on the uptick, and 1079 were down.
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Bank of Maharashtra, VST Industries, Thermax, and Schaeffler are trading with rising delivery volume.
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Trident reports Q3 net profits of Rs 159 crore up nearly 3x on a YoY basis with a revenue of Rs 1,289 crore, a 14.1% rise YoY.
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DLF's rental arm DLF Cyber City Developers (DCCDL) acquires a 51.8% stake in Fairleaf Real Estate for Rs 779.4 crore.
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Raymond, Capri Global Capital, Bombay Dyeing & Manufacturing Company, and Bank of Maharashtra are trading in the green with 4 times the average weekly trading volume.
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Bharti Airtel added over 40 lakh new customers in the wireless segment while Reliance Jio added 4.7 lakh new customers in December 2020.
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East Bridge Capital's Master Fund trims its stake in Jammu & Kashmir Bank by disposing over 1 crore shares for Rs 31.4 crore.
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IDFC First Bank's board approves a fundraise of Rs 3,000 crore through private placement, qualified institutional placement, or via a follow-on public offering.
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Jubilant Foodworks hits a lifetime high, Container Corporation of India, Blue Star, and Karur Vysya Bank hit new 52-week highs.
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Ambuja Cements reports a 34% YoY increase in Q3 net profits to Rs 968 crore, with revenues up by 4.6% YoY to Rs 7,452 crore.
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Engineer's India and Oil India jointly bid for the Bharat Petroleum Corporation's (BPCL) 61.6% stake in Numaligarh Refinery (NRL).
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Nifty 50 was trading at 15030.75 (-88.2, -0.6%) , BSE Sensex was trading at 51121.94 (-202.8, -0.4%) while the broader Nifty 500 was trading at 12497.00 (-68.7, -0.6%)
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Market breadth is in the red. Of the 1592 stocks traded today, 713 were on the uptick, and 804 were down.
Riding High:
Largecap and midcap gainers today include General Insurance Corporation of India (205.05, 19.98%), The New India Assurance Company Ltd. (187.70, 14.31%) and IDFC First Bank Ltd. (62.55, 7.66%).
Downers:
Largecap and midcap losers today include Bank of India (83.85, -9.98%), Indian Overseas Bank (17.60, -6.38%) and Bharat Heavy Electricals Ltd. (40.40, -6.05%).
Volume Shockers
22 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included General Insurance Corporation of India (205.05, 19.98%), The New India Assurance Company Ltd. (187.70, 14.31%) and KRBL Ltd. (211.05, 8.29%).
Top high volume losers on BSE were Bank of Maharashtra (23.00, -8.37%), NMDC Ltd. (117.90, -1.75%) and Dabur India Ltd. (513.45, -1.27%).
Esab India Ltd. (1944.85, 6.23%) was trading at 100.3 times of weekly average. Raymond Ltd. (363.00, 6.37%) and India Tourism Development Corporation Ltd. (313.00, 1.05%) were trading with volumes 18.1 and 16.9 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
42 stocks took off, crossing 52 week highs,
Stocks touching their year highs included - Adani Ports & Special Economic Zone Ltd. (653.50, -1.59%), Bank of Baroda (91.75, -4.08%) and Bank of India (83.85, -9.98%).
8 stocks climbed above their 200 day SMA including Natco Pharma Ltd. (814.70, 3.07%) and Motilal Oswal Financial Services Ltd. (617.05, 1.03%). 5 stocks slipped below their 200 SMA including Biocon Ltd. (404.05, -3.82%) and Edelweiss Financial Services Ltd. (63.30, -2.09%).
