Nifty 50 closed at 14682.95 (101.5, 0.7%) , BSE Sensex closed at 48832.03 (28.4, 0.1%) while the broader Nifty 500 closed at 12349.30 (111.7, 0.9%)
Market breadth is in the green. Of the 1733 stocks traded today, 993 were on the uptrend, and 685 went down.
SBI Cards and Payment Services rises as CitiBank announces an exit from the Indian retail banking business.
Strides Pharma Science, Bajaj Electricals, SBI Cards and Payment Services and Varroc Engineering are trading in the green with higher delivery volume compared to the previous day.
In a report on the FMCG industry, HDFC Securities maintains a 'Buy' on ITC and an 'Add' on Radico Khaitan, United Spirits, Colgate-Palmolive, Dabur, Marico, and Godrej Consumer Products.
Quess Corp will acquire the remaining 30% stake in Conneqt Business Solutions, erstwhile Tata Business Solutions, from Tata Sons for Rs 208 crore.
Larsen & Toubro Infotech appoints former Tech Mahindra Senior VP Anil Rander as its Chief Financial Officer.
Rakesh Jhunjhunwala adds a 1% stake in Multi Commodity Exchange of India in Q4. He now holds a 4.9% stake in the company worth Rs 370 crore.
IDBI Bank lowers its stake in 3i Infotech to 6.9% selling 3.3 crore shares in the IT services company via a market sale.
Infrastructure company Ashoka Buildcon receives a letter of acceptance for a railway project in Gujarat worth Rs 334 crore. The stock is up by 10% this week.
Goldman Sachs India adds a stake in three newly listed companies - MTAR Technologies (+1.2%), Stove Kraft (+2.9%), and Angel Broking (1.6%) in Q4.
Wipro reports a 4% QoQ growth in revenues for Q4FY21 at Rs 16,245.4 crore with net profits falling by 1% QoQ to Rs 2,974.3 crore as employee costs rise by 4.1%.
Nifty 50 was trading at 14617.25 (35.8, 0.3%) , BSE Sensex was trading at 48942.92 (139.2, 0.3%) while the broader Nifty 500 was trading at 12285.80 (48.2, 0.4%)
Market breadth is surging up. Of the 1597 stocks traded today, 1156 were on the uptrend, and 389 went down.
Riding High:
Largecap and midcap gainers today include Astral Poly Technik Ltd. (1679.75, 10.10%), Wipro Ltd. (469.25, 8.95%) and SBI Cards and Payment Services Ltd. (973.60, 7.51%).
Downers:
Largecap and midcap losers today include Dalmia Bharat Ltd. (1543.30, -2.21%), Indraprastha Gas Ltd. (515.05, -1.89%) and JSW Steel Ltd. (617.60, -1.83%).
Volume Shockers
14 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included DCM Shriram Ltd. (656.45, 18.22%), Hindustan Copper Ltd. (150.80, 9.87%) and Wipro Ltd. (469.25, 8.95%).
Top high volume loser on BSE was Responsive Industries Ltd. (160.40, -5.42%).
Ashoka Buildcon Ltd. (90.70, 2.08%) was trading at 7.9 times of weekly average. IIFL Wealth Management Ltd. (1195.15, 4.28%) and CCL Products India Ltd. (256.45, 6.10%) were trading with volumes 6.0 and 4.9 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
18 stocks hit their 52 week highs,
Stocks touching their year highs included - Bajaj Electricals Ltd. (1135.40, 6.97%), Century Plyboards (India) Ltd. (333.00, 0.44%) and Cipla Ltd. (938.70, 2.68%).
13 stocks climbed above their 200 day SMA including CCL Products India Ltd. (256.45, 6.10%) and Sumitomo Chemical India Ltd. (293.25, 3.92%). 7 stocks slipped below their 200 SMA including Crisil Ltd. (1851.05, -2.54%) and CESC Ltd. (610.85, -0.97%).
