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.
Quess Corp will acquire the remaining 30% stake in Conneqt Business Solutions, erstwhile Tata Business Solutions, from Tata Sons for Rs 208 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.
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%.
Market breadth is surging up. Of the 1597 stocks traded today, 1156 were on the uptrend, and 389 went down.
14 stocks in BSE 500 are trading on high volumes today.
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,
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%).