Market sinks in today's trading. Nifty 50 closed at 14346.40 (-203, -1.4%) , BSE Sensex closed at 48440.12 (-740.2, -1.5%) while the broader Nifty 500 closed at 12008.40 (-188.8, -1.6%)
Market breadth is highly negative. Of the 1735 stocks traded today, 324 were in the positive territory and 1385 were negative.
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Omaxe, IIFL Wealth Management, Zensar Technologies, and Narayana Hrudayalaya are trading with delivery volume at 90% of the total traded volume.
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Barbeque-Nation Hospitality's Rs 452 crore IPO is subscribed 1.6 times with the retail portion booked 8 times on day two of the bidding process.
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WABCO India is falling as the auto-components company's promoter looks to sell 34.2 lakh shares constituting 18% of the company through an offer for sale. The stock is trading with nearly 300 times the weekly average trading volume.
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Nifty Realty is trading lower pulled down by losses in Oberoi Realty, DLF, Sobha, and Prestige Estates Projects.
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Laxmi Organic Industries lists at Rs 156, a premium of 20% against the IPO issue price of Rs 130 per share.
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Prestige Estates Projects will take over housing projects from Ariisto Developers, a bankrupt Mumbai-based realty company.
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Nirmal Bang maintains a 'Buy' rating on cinema operator Inox Leisure with a target price at an upside of 41%.
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Craftsman Automation lists at Rs 1,350 a discount of 9% against the IPO issue price of Rs 1,490 per share.
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Jubilant Foodworks, the master franchise of Domino's Pizza and Dunkin Donuts and investor in Barbeque Nation, wins the master franchise agreement for American restaurant chain Popeyes.
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HDFC Securities in a report on the domestic oil & gas sector expects demand to remain strong despite price volatility in addition to improved realisation and rising production levels.
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Akash Prakash's Amansa Holdings cuts its stake in Zensar Technologies selling 16.7 lakh shares worth nearly Rs 50 crore.
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Market sinks in morning trading. Nifty 50 was trading at 14448.25 (-101.2, -0.7%) , BSE Sensex was trading at 48783.43 (-396.9, -0.8%) while the broader Nifty 500 was trading at 12088.70 (-108.5, -0.9%)
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Market breadth is sharply down. Of the 1592 stocks traded today, 247 were in the positive territory and 1284 were negative.
Riding High:
Largecap and midcap gainers today include Alkem Laboratories Ltd. (2653.85, 3.07%), Steel Authority of India (SAIL) Ltd. (72.65, 3.05%) and Tata Steel Ltd. (722.50, 2.80%).
Downers:
Largecap and midcap losers today include Vodafone Idea Ltd. (8.95, -8.21%), Au Small Finance Bank Ltd. (1152.00, -6.01%) and Bajaj Holdings & Investment Ltd. (3226.50, -5.87%).
BSE 500: highs, lows and moving averages
4 stocks overperformed with 52 week highs,
Stocks touching their year highs included - Adani Power Ltd. (99.15, -4.98%), Ambuja Cements Ltd. (294.00, -3.23%) and J B Chemicals & Pharmaceuticals Ltd. (1221.85, -0.81%).
2 stocks climbed above their 200 day SMA including Syngene International Ltd. (530.40, 1.43%) and Castrol India Ltd. (123.00, 1.28%). 27 stocks slipped below their 200 SMA including Vodafone Idea Ltd. (8.95, -8.21%) and Swan Energy Ltd. (130.00, -6.10%).
