Indian markets slumped today. Nifty 50 closed at 14564.95 (-249.8, -1.7%) , BSE Sensex closed at 49180.31 (-871.1, -1.7%) while the broader Nifty 500 closed at 12209.30 (-208, -1.7%)
Market breadth is overwhelmingly negative. Of the 1714 stocks traded today, 371 were on the uptick, and 1280 were down.
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Adani Green Energy will acquire Sterling and Wilson's special purpose vehicles which operate solar assets in Telangana for Rs 446 crore.
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Barbeque Nation Hospitality's Rs 452 crore IPO is subscribed 60% with the retail portion booked 3.2 times on day one of the bidding process.
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ICICI Securities in a report on the sugar industry maintains a 'Buy' on Dhampur Sugar, Dalmia Bharat Sugar, Triveni Engineering, and Balrampur Chini Mills.
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The promoter group of Aarti Industries disposes 10,000 shares worth Rs 1.2 crore in two market sales.
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Nifty Financial Services is trading lower pulled down by losses in REC, State Bank of India, Axis Bank and ICICI Bank.
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Rossari Biotech's board approves the issuance of 30 lakh equity shares worth Rs 300 crore on a preferential basis.
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India Grid Trust's board approves a fundraise of Rs 1,284 crore via a rights issue. The infrastructure investment trust's stock is up by 14% since the year began.
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Anupam Rasayan India lists at Rs 520 per share, a discount of 6% against the issue price of Rs 555 per share.
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The government announces its intention to divest a 15% stake for Rs 750 crore in Railway-PSU Rail Vikas Nigam via an offer for sale.
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Two-wheeler market leader Hero MotoCorp announces an increase to the ex-showroom price of its two-wheelers from April 1.
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Barbeque Nation Hospitality raises Rs 202 crore at Rs 500 per share from 15 anchor investors ahead of its Rs 450 crore IPO.
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Nifty 50 was trading at 14721.75 (-93, -0.6%) , BSE Sensex was trading at 49809.89 (-241.6, -0.5%) while the broader Nifty 500 was trading at 12362.80 (-54.5, -0.4%)
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Market breadth is neutral. Of the 1588 stocks traded today, 716 were on the uptrend, and 775 went down.
Riding High:
Largecap and midcap gainers today include Gujarat State Petronet Ltd. (269.65, 3.75%), Adani Total Gas Ltd. (927.00, 3.56%) and Adani Power Ltd. (105.00, 3.35%).
Downers:
Largecap and midcap losers today include Bank of India (71.20, -5.32%), Astral Poly Technik Ltd. (1584.00, -5.01%) and Aditya Birla Capital Ltd. (116.65, -4.93%).
Crowd Puller Stocks
13 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Bank of Maharashtra (21.95, 4.77%), KPIT Technologies Ltd. (171.80, 3.31%) and Birla Corporation Ltd. (875.90, 3.12%).
Top high volume losers on BSE were Rail Vikas Nigam Ltd. (27.65, -9.20%), Indoco Remedies Ltd. (281.00, -4.50%) and Omaxe Ltd. (69.10, -1.07%).
Aarti Industries Ltd. (1324.90, 2.81%) was trading at 13.8 times of weekly average. Relaxo Footwears Ltd. (873.00, 0.30%) and Mahindra Holidays & Resorts India Ltd. (216.65, 0.39%) were trading with volumes 5.4 and 3.9 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
16 stocks made 52 week highs,
Stocks touching their year highs included - 3M India Ltd. (28102.00, 0.32%), Adani Power Ltd. (105.00, 3.35%) and Adani Transmission Ltd. (871.10, 2.78%).
2 stocks climbed above their 200 day SMA including Aurobindo Pharma Ltd. (856.80, 1.26%) and Thyrocare Technologies Ltd. (868.00, 0.20%). 8 stocks slipped below their 200 SMA including Vodafone Idea Ltd. (9.75, -3.47%) and IRB Infrastructure Developers Ltd. (106.75, -3.13%).
