Gloom in markets in today's trading. Nifty 50 closed at 14349.60 (-485.3, -3.3%) , BSE Sensex closed at 47883.38 (-1707.9, -3.4%) while the broader Nifty 500 closed at 12052.45 (-475.0, -3.8%)
Market breadth is overwhelmingly negative. Of the 1764 stocks traded today, 144 showed gains, and 1596 showed losses.
-
Nifty Financial Services (FINNIFTY) trades in the red, pulled down by losses in Mahindra & Mahindra Financial Services, Shriram Transport Finance Company, Piramal Enterprises, and Power Finance Corporation.
-
JMC Projects, a construction engineering company under Kalpataru Power Transmission wins domestic and foreign orders worth Rs 1,262 crore
-
Tata Power falls 10% after terminating its $2 billion (Rs 15,000 crore) investment deal with Malaysian state-owned oil and gas company Petroliam Nasional (Petronas).
-
Life Insurance Corporation of India increases its stake in JSW Steel in Q4FY21 to 4.8% from 4%.
-
Nifty 50 pharma stocks - Cipla, Dr. Reddy's Laboratories, and Sun Pharmaceutical Industries are trading higher despite the declining market.
-
UTI Mutual Fund acquires 2.5 lakh shares of newly listed Barbeque-Nation Hospitality for Rs 14.5 crore.
-
Porinju Veliyath's Equity Intelligence India Fund increases its stake in Zee Media Corporation to 2.6% in Q4FY21 from 1.5% in the previous quarter.
-
Axis Securities in a report on consumer durables expects the government's PLI scheme for room ACs, LED Lights, and laptops to be tailwinds for Dixon Technologies, Amber Enterprises, and Polycab India.
-
Infosys will consider a buyback of equity shares in the reported range of Rs 10,000-12,000 crore priced at Rs 1,650-1,670 per share. The IT major will announce its Q4FY21 results on 14 April.
-
Rakesh Jhunjhunwala lowers his stake in VIP Industries to 2.3% and Firstsource Solutions to below 1% in Q4FY21.
-
Markets fell in early trading. Nifty 50 was trading at 14454.75 (-380.1, -2.6%) , BSE Sensex was trading at 48417.05 (-1174.3, -2.4%) while the broader Nifty 500 was trading at 12154.40 (-373, -3.0%)
-
Market breadth is overwhelmingly negative. Of the 1669 stocks traded today, 148 were gainers and 1492 were losers.
Riding High:
Largecap and midcap gainers today include Dr. Lal Pathlabs Ltd. (3314.50, 5.66%), Dr. Reddy's Laboratories Ltd. (4989.20, 4.81%) and Ipca Laboratories Ltd. (2159.15, 3.51%).
Downers:
Largecap and midcap losers today include Bharat Heavy Electricals Ltd. (45.05, -12.52%), DLF Ltd. (246.60, -11.79%) and Tata Power Company Ltd. (92.20, -11.43%).
Volume Rockets
19 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Dr. Reddy's Laboratories Ltd. (4989.20, 4.81%), Solara Active Pharma Sciences Ltd. (1420.00, 3.07%) and Cipla Ltd. (907.50, 2.77%).
Top high volume losers on BSE were RBL Bank Ltd. (188.60, -10.64%), Ashoka Buildcon Ltd. (87.20, -10.06%) and Aavas Financiers Ltd. (2135.00, -8.26%).
Brigade Enterprises Ltd. (254.70, -4.30%) was trading at 7.7 times of weekly average. Strides Pharma Science Ltd. (874.65, 1.37%) and TTK Prestige Ltd. (7305.00, -2.29%) were trading with volumes 5.8 and 5.7 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
14 stocks made 52 week highs,
Stocks touching their year highs included - Cadila Healthcare Ltd. (499.95, -2.82%), Cipla Ltd. (907.50, 2.77%) and eClerx Services Ltd. (1215.00, -0.48%).
3 stocks climbed above their 200 day SMA including Dr. Reddy's Laboratories Ltd. (4989.20, 4.81%) and Torrent Pharmaceuticals Ltd. (2579.15, 0.17%). 49 stocks slipped below their 200 SMA including RBL Bank Ltd. (188.60, -10.64%) and Zee Entertainment Enterprises Ltd. (184.20, -10.60%).
