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.
HDFC Securities maintains a ‘Buy’ rating on ACC citing robust urban demand, with a target price upside of 19%.
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.
Vijay Kedia acquires 14.6 lakh shares of Affordable Robotics & Automation, taking a 14.4% stake in the company in Q4FY21.
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.
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.
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).
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.
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.
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.
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.
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.
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%)
Market breadth is even. Of the 1624 stocks traded today, 806 were on the uptick, and 763 were down.
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%).
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%).