Market breadth is sharply down. Of the 1715 stocks traded today, 430 showed gains, and 1229 showed losses.
Quick Heal Technologies hits a 52-week high as the cybersecurity company's board will consider a buyback plan during its meeting on March 10.
MTAR Technologies' Rs 596 crore IPO is subscribed 190 times on the final day of the bidding.
Indoco Remedies, Mahanagar Gas, Gulf Oil Lubricants India, and Balrampur Chini Mills are trading with double the average weekly trading volume.
Life Insurance Corporation (LIC) of India sells 4.6 lakh shares of Axis Bank worth Rs 35 crore via an insider trade. This is LIC's third disposal in the private bank in March.
Ircon International's offer for sale to retail investors was subscribed 98% and 3.3 times to institutional investors. On an overall basis, the railway PSU's OFS is subscribed 1.4 times.
Tata Motors reports Jaguar-Land Rover UK sales of 2,171 units in February 2021, a 26% decline on a YoY basis.
Reliance Power forms a joint venture with Jera Co., a Japanese power company, to develop a gas-fired power project in Bangladesh. The Anil Ambani-led company expects to reduce debt Rs 3,000 crore by the end of the month.
Heranba Industries lists at Rs 900, a 44% premium to the issue price of Rs 627. The agrochemical company's IPO comprised of a Rs 565 crore OFS and a Rs 60 crore fresh issue.
Nifty Financial Services opens in the red pulled down by losses in Cholamandalam Investment & Finance Company, ICICI Bank, State Bank of India, and Power Finance Corporation.
IT-major Wipro will buy British consultancy company Capco for $1.4 billion (~Rs 10,200 crore) to boost its banking, financial services and insurance (BFSI) offerings.
Market breadth is in the green. Of the 1596 stocks traded today, 947 were gainers and 573 were losers.
14 stocks in BSE 500 are trading on high volumes today.
Gulf Oil Lubricants India Ltd. (786.90, 3.04%) was trading at 5.0 times of weekly average. Mahanagar Gas Ltd. (1219.05, 1.49%) and KNR Constructions Ltd. (213.75, 2.86%) were trading with volumes 4.4 and 4.1 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
39 stocks made 52 week highs,
7 stocks climbed above their 200 day SMA including IOL Chemicals and Pharmaceuticals Ltd. (661.30, 3.33%) and Fine Organic Industries Ltd. (2394.75, 1.23%). 7 stocks slipped below their 200 SMA including Mishra Dhatu Nigam Ltd. (194.10, -2.93%) and Rallis India Ltd. (270.65, -2.50%).