The market closed on an upbeat note. Nifty 50 closed at 14398.70 (102.3, 0.7%) , BSE Sensex closed at 48080.67 (374.9, 0.8%) while the broader Nifty 500 closed at 12126.50 (71.1, 0.6%)
Market breadth is in the green. Of the 1731 stocks traded today, 1027 were in the positive territory and 650 were negative.
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HDFC Securities maintains a ‘Buy’ rating on ACC citing robust urban demand, with a target price upside of 19%.
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Dishman Carbogen Amcis, Tube Investments of India, Vinati Organics and Cholamandalam Financial Holdings are trading in the green with higher delivery volume compared to the previous day.
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Vijay Kedia acquires 14.6 lakh shares of Affordable Robotics & Automation, taking a 14.4% stake in the company in Q4FY21.
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Phillips Carbon Black's Q4FY21 revenues up 24% to Rs 867 crore, with PAT at Rs 127 crore, a 76% YoY increase on the back of rising black carbon demand.
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Indiabulls Housing Finance is rising as the mortgage lender ties up with Housing Development Finance Corporation (HDFC) for a co-lending partnership to expand its reach in tier 3 and tier 4 cities.
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Mohnish Pabrai lowers his stake in two realty companies in Q4FY21 - Kolte-Patil Developers to 6.7% (from 7.7% in Q3) and Sunteck Realty to 9% (from 9.1% in Q3).
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Porinju Veliyath's Equity Intelligence Fund India decreases its stake in Orient Bell and Praxis Home Retail to 3.9% (from 4.3% in Q3) and 1.7% (from 1.8% in Q3) in Q4FY21.
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Hero MotoCorp receives a rating upgrade to 'Add' from 'Hold' by ICICI Securities following the two-wheeler maker's joint venture with Gogoro Inc. to supply batteries for its electric vehicles.
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Nestle India's consolidated net profit rises 14.6% YoY on the back of a 66% rise in e-commerce sales contributing 3.8% of domestic sales and a rise in home consumption.
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Rakesh Jhunjhinwala increases his stake in Jubilant Pharmova to 6.3% in Q4FY21, from 5.8% in the previous quarter. He holds over 1 crore shares worth Rs 803 crore.
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ICICI Securities reports a 53% YoY jump in consolidated revenues to Rs 739 crore in Q4FY21 with net profits up by 110% YoY to Rs 329 crore as margins improved.
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Markets fell in early trading. Nifty 50 was trading at 14218.45 (-78.0, -0.6%) , BSE Sensex was trading at 47372.68 (-333.1, -0.7%) while the broader Nifty 500 was trading at 12003.95 (-51.5, -0.4%)
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Market breadth is even. Of the 1624 stocks traded today, 806 were on the uptick, and 763 were down.
Riding High:
Largecap and midcap gainers today include Hindustan Zinc Ltd. (304.00, 6.89%), DLF Ltd. (247.75, 5.70%) and Steel Authority of India (SAIL) Ltd. (93.95, 5.56%).
Downers:
Largecap and midcap losers today include Pfizer Ltd. (5225.00, -4.87%), Varun Beverages Ltd. (892.00, -3.70%) and Crompton Greaves Consumer Electricals Ltd. (355.50, -3.21%).
Crowd Puller Stocks
25 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included TV18 Broadcast Ltd. (33.05, 19.96%), Poly Medicure Ltd. (1022.00, 14.52%) and Meghmani Organics Ltd. (128.80, 13.28%).
Top high volume losers on BSE were DB Corp Ltd. (77.80, -2.93%) and Hathway Cable & Datacom Ltd. (21.60, -0.92%).
Network 18 Media & Investments Ltd. (43.00, 11.40%) was trading at 20.7 times of weekly average. Jindal Stainless Ltd. (76.50, 0.86%) and JM Financial Ltd. (79.80, 0.31%) were trading with volumes 14.1 and 12.1 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
12 stocks overperformed with 52 week highs, while 1 stock hit their 52 week lows.
Stocks touching their year highs included - Apollo Hospitals Enterprise Ltd. (3240.00, -0.91%), Cadila Healthcare Ltd. (552.90, -0.60%) and J B Chemicals & Pharmaceuticals Ltd. (1337.75, 3.66%).
Stock making new 52 weeks lows included - KRBL Ltd. (177.00, 0.51%).
14 stocks climbed above their 200 day SMA including TV18 Broadcast Ltd. (33.05, 19.96%) and ICICI Securities Ltd. (448.00, 6.46%). 13 stocks slipped below their 200 SMA including DB Corp Ltd. (77.80, -2.93%) and Godrej Consumer Products Ltd. (705.00, -2.85%).
