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.
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SBI Cards and Payment Services rises as CitiBank announces an exit from the Indian retail banking business.
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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.
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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.
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Quess Corp will acquire the remaining 30% stake in Conneqt Business Solutions, erstwhile Tata Business Solutions, from Tata Sons for Rs 208 crore.
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Larsen & Toubro Infotech appoints former Tech Mahindra Senior VP Anil Rander as its Chief Financial Officer.
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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.
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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.
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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.
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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.
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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%.
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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%)
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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%).
