Indian markets slumped today. Nifty 50 closed at 14640.90 (-340.9, -2.3%) , BSE Sensex closed at 49744.32 (-1145.4, -2.3%) while the broader Nifty 500 closed at 12184.80 (-254, -2.0%)
Market breadth is highly negative. Of the 1716 stocks traded today, 462 were on the uptick, and 1217 were down.
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Nifty Realty is in the red, pulled down by losses in Godrej Properties, Prestige Estates Projects, Oberoi Realty, and DLF.
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Intellect Design Arena is rising as the software company will lead the digital transformation of Bank Rakyat Indonesia
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Sonata Software, Zydus Wellness, Chalet Hotels, and Ratnamani Metals & Tubes are trading with volume 7 times the average weekly trading volume.
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Mahindra CIE Automotive reports a 7x YoY jump in Q3 net profits to Rs 111 crore with a 13.6% YoY jump in total revenue to Rs 1,957 crore.
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Geojit BNP Paribas upgrades its rating on Nestle India from 'Hold' to 'Buy' due to increased rural penetration, uninterrupted distribution, and capacity expansion.
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Nifty Metal is rising led by strong gains in Hindustan Copper, Ratnamani Metals & Tubes, Hindalco Industries, and JSW Steel.
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Jagran Prakashan is rising as the media company's board will consider a proposal for a buyback of equity shares during its meeting on 2 March.
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Travel company Thomas Cook India announces plans to raise Rs 450 crore through convertible preference shares issued on a private placement basis.
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HDFC Securities, in a report on the FMCG industry, maintains a 'Buy' on ITC, and a 'Reduce' on Hindustan Unilever, Nestle India, Britannia Industries, and Emami.
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Jet Airways is rising as the Jalan-Kalrock consortium expect the airline to resume operations within 4 - 6 months, after receiving approval from the NCLT.
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Dr. Reddy's Laboratories applies for an emergency use authorization of the Sputnik V Covid-19 vaccine with the Drugs Controller General of India (DCGI).
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Nifty 50 was trading at 15002.10 (20.4, 0.1%) , BSE Sensex was trading at 50922.97 (33.2, 0.1%) while the broader Nifty 500 was trading at 12411.20 (-27.6, -0.2%)
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Market breadth is in the green. Of the 1622 stocks traded today, 818 were on the uptrend, and 713 went down.
Riding High:
Largecap and midcap gainers today include Aditya Birla Capital Ltd. (105.80, 7.25%), Varun Beverages Ltd. (1043.00, 7.08%) and Jubilant Foodworks Ltd. (3127.65, 5.98%).
Downers:
Largecap and midcap losers today include The New India Assurance Company Ltd. (150.70, -19.71%), General Insurance Corporation of India (184.55, -10.00%) and Indian Overseas Bank (16.15, -8.24%).
Volume Shockers
21 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Sonata Software Ltd. (475.55, 18.80%), Hindustan Copper Ltd. (98.20, 14.25%) and Ratnamani Metals & Tubes Ltd. (1890.00, 11.09%).
Top high volume losers on BSE were Future Retail Ltd. (71.00, -6.64%), Inox Leisure Ltd. (305.30, -5.77%) and Solara Active Pharma Sciences Ltd. (1295.00, -5.53%).
Himadri Speciality Chemical Ltd. (43.00, -5.39%) was trading at 9.1 times of weekly average. Zydus Wellness Ltd. (1885.00, -0.21%) and Narayana Hrudayalaya Ltd. (459.00, 0.16%) were trading with volumes 8.4 and 7.7 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
29 stocks overperformed with 52 week highs,
Stocks touching their year highs included - Adani Ports & Special Economic Zone Ltd. (672.05, 2.84%), Cholamandalam Investment & Finance Company Ltd. (533.25, 0.55%) and Hindalco Industries Ltd. (314.60, 2.14%).
4 stocks climbed above their 200 day SMA including Dhanuka Agritech Ltd. (738.00, 1.35%) and Godrej Agrovet Ltd. (484.00, -0.01%). 12 stocks slipped below their 200 SMA including Ujjivan Financial Services Ltd. (231.30, -4.81%) and Dr. Reddy's Laboratories Ltd. (4477.95, -4.35%).
