Market sinks in today's trading. Nifty 50 closed at 14693.05 (-152.1, -1.0%) , BSE Sensex closed at 49509.15 (-627.4, -1.3%) while the broader Nifty 500 closed at 12313.05 (-74.9, -0.6%)
Market breadth is in the red. Of the 1738 stocks traded today, 809 were gainers and 891 were losers.
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Max Healthcare Institute, Vakrangee, TCNS Clothing Co., and TeamLease Services are trading with rising delivery volumes.
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Kalpataru Power Transmission wins orders worth Rs 625 crore in the domestic and African and European markets.
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Asahi India Glass is trading with 15 times the average weekly trading volume. Kaveri Seed Company, IRB Infrastructure Developers, and Thyrocare Technologies are trading with four times the average weekly trading volume.
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Credit rating agency Moody's revises its outlook on Tata Steel to 'stable' from 'negative' earlier due to the steel producers strong recovery in Q3.
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KNR Constructions is rising as the infrastructure company receives a letter of acceptance (LoA) for a HAM project in Kerala.
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UltraTech Cement, the largest cement producer in the country, pays off long-term loans worth Rs 5,000 crore through the company's free cash flows generated in FY21.
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Hindustan Petroleum Corporation (HPCL) acquires HPCL Shapoorji Energy Private Limited (HSEPL) from SP Ports Private Limited (SPPPL), the Shapoorji Pallonji Group company.
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Sterling and Wilson Solar's subsidiary wins an order worth $122 million (~ Rs 890 crore) in the North American market to be commissioned in Q4FY22.
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Axis Direct initiates coverage on supermarket chain V Mart Retail with a 'Buy' rating and a target price at a 24% upside to the market price.
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SpiceJet will acquire 50 new airplanes as the low-cost carrier signs an MoU with Avenue Capital, a New York-based private equity firm.
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Gloom in markets in early trading. Nifty 50 was trading at 14727.60 (-117.5, -0.8%) , BSE Sensex was trading at 49853.15 (-283.4, -0.6%) while the broader Nifty 500 was trading at 12327.80 (-60.1, -0.5%)
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Market breadth is in the green. Of the 1612 stocks traded today, 928 were in the positive territory and 625 were negative.
Riding High:
Largecap and midcap gainers today include General Insurance Corporation of India (199.00, 8.33%), Adani Total Gas Ltd. (968.00, 6.27%) and Indian Hotels Company Ltd. (110.60, 4.64%).
Downers:
Largecap and midcap losers today include Adani Power Ltd. (85.05, -4.97%), Adani Green Energy Ltd. (1100.65, -4.92%) and Au Small Finance Bank Ltd. (1235.60, -4.87%).
Movers and Shakers
13 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included General Insurance Corporation of India (199.00, 8.33%), Vardhman Textiles Ltd. (1320.00, 5.38%) and Kaveri Seed Company Ltd. (512.05, 4.90%).
Top high volume losers on BSE were Chalet Hotels Ltd. (146.50, -2.01%), Eris Lifesciences Ltd. (605.00, -0.80%) and KPR Mill Ltd. (1054.00, -0.53%).
IRB Infrastructure Developers Ltd. (108.40, 4.84%) was trading at 6.0 times of weekly average. Thyrocare Technologies Ltd. (905.50, 3.58%) and Aegis Logistics Ltd. (302.10, 4.44%) were trading with volumes 4.9 and 4.6 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
17 stocks made 52 week highs,
Stocks touching their year highs included - 3M India Ltd. (30453.05, 2.45%), Ambuja Cements Ltd. (308.70, 2.95%) and Birla Corporation Ltd. (959.00, 6.63%).
20 stocks climbed above their 200 day SMA including Indian Hotels Company Ltd. (110.60, 4.64%) and Sumitomo Chemical India Ltd. (291.35, 2.23%). 14 stocks slipped below their 200 SMA including Edelweiss Financial Services Ltd. (63.50, -4.65%) and Crisil Ltd. (1828.00, -3.21%).
