Market breadth is moving down. Of the 1773 stocks traded today, 331 showed gains, and 1420 showed losses.
Glenmark Pharmaceuticals hits a 52-week high as its wholly owned subsidiary Glenmark Life Sciences files for a Rs 1,160 crore IPO.
HCL Technologies is rising as the IT services major signs a million-dollar digital transformation contract with UD Trucks, a Japanese commercial vehicles company.
The Government of Singapore increases its stake in Dr. Reddy's Laboratories to 1.7% (from 1.5%) and adds a 1.2% stake in Au Small Finance Bank and a 1.5% stake in Kalyan Jewellers India in Q4FY21 via bulk deals.
IT Services company MindTree reports net profit for Q4FY21 at Rs 317 crore, a 53% YoY rise with revenues of Rs 2,109 crore, a 3% YoY jump, and a final dividend of Rs 17.5 per share.
Macrotech Developers lists at Rs 435 per share, a 10% discount to the issue price of Rs 486 per share. The Mumbai-based realty company's IPO was subscribed 1.3 times.
HDFC Bank's Q4 consolidated net profit rises 18% YoY as net interest income rises 12.6% YoY to Rs 17,120 crore, net NPA ratio increases to 0.4% of net advances.
Market breadth is moving down. Of the 1682 stocks traded today, 199 were gainers and 1448 were losers.
17 stocks in BSE 500 are trading on high volumes today.
Linde India Ltd. (1895.95, 0.34%) was trading at 5.7 times of weekly average. Minda Industries Ltd. (529.95, 2.77%) and Apollo Hospitals Enterprise Ltd. (3152.90, 3.00%) were trading with volumes 5.6 and 5.0 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
Stock making new 52 weeks lows included - KRBL Ltd. (177.95, -2.81%).
5 stocks climbed above their 200 day SMA including Caplin Point Laboratories Ltd. (491.55, 5.58%) and Granules India Ltd. (341.50, 4.16%). 31 stocks slipped below their 200 SMA including Suzlon Energy Ltd. (4.45, -6.32%) and DB Corp Ltd. (82.10, -4.87%).