Nifty 50 closed at 15,805.10 (67.4, 0.4%) , BSE Sensex closed at 52,474.76 (174.3, 0.3%) while the broader Nifty 500 closed at 13,569.45 (52.3, 0.4%)
Market breadth is neutral. Of the 1,751 stocks traded today, 903 were in the positive territory and 821 were negative.
Elgi Equipments, Emami, Cyient, Can Fin Homes and Ratnamani Metals & Tubes are trading with higher delivery volumes compared to Thursday.
Edelweiss maintains a ‘Buy’ rating on Bata India with a target price upside of 7%, citing the company's increasing demand in smaller towns and new sales channels to boost sales.
Suven Pharmaceuticals trades higher after it signs an MoU with the Council of Scientific and Industrial Research to manufacture COVID-19 drugs - Molnupiravir and 2-DG.
NBCC (India), Alok Industries, Oracle Financial Services and Motilal Oswal Financial Services are trading in green with more than four times their average weekly trading volume.
BEML, Bharat Heavy Electricals, Edelweiss Financial Services, and Cochin Shipyard are trading higher whereas DLF and Sun TV Network are trading lower ahead of their Q4 earnings update later today.
eClerx Services hits the upper circuit after the company reports a 5% increase YoY in Q4 net profit to Rs 93 crore and a 20% increase in revenues to Rs 472.8 crore.
ICICI Securities maintains a ‘Buy’ rating on TeamLease Services with a target price upside of 16%, citing growth in specialised staffing revenues led by a revival in IT services.
The Managing Director and two executive directors of Page Industries sold over 15,700 shares (0.15% stake) for nearly Rs 50 crore via insider trades on Wednesday.
Steel Authority of India's (SAIL) revenue rises 44% YoY to Rs Rs 23,286 in Q4FY21 on the back of a production growth in hot metal and crude steel, with net profits up by 26% to Rs 3,443 crore.
National Fertilizer is trading lower as it reports a 2% YoY decline in revenues for Q4FY21 to Rs 2,961 crore, with a net loss of Rs 9.5 crore, a decline of 96% against a net loss of Rs 248 crore in the year ago period.
GOCL Corporation trades higher as its wholly-owned subsidiary IDL Explosives bags orders worth Rs 286.6 crore from Coal India for the supply of raydets, electronic and other detonators, and cartridge explosives.
NHPC's Q4 net profit rises 2.7X YoY to Rs 427.6 crore despite a 12% YoY fall in revenues as power generation expenses fall 20.5%.
Markets opened high. Nifty 50 was trading at 15,807.90 (70.2, 0.5%) , BSE Sensex was trading at 52,587.13 (286.7, 0.6%) while the broader Nifty 500 was trading at 13,582.40 (65.2, 0.5%).
Market breadth is ticking up strongly. Of the 1,666 stocks traded today, 1,277 were on the uptrend, and 362 went down.
Largecap and midcap gainers today include Au Small Finance Bank Ltd. (1,048.20, 5.61%), Steel Authority of India (SAIL) Ltd. (135.05, 5.06%) and Aurobindo Pharma Ltd. (1,010.25, 4.80%).
Largecap and midcap losers today include Adani Power Ltd. (148.30, -3.76%), Emami Ltd. (542.00, -2.22%) and Astral Ltd. (1,935.00, -2.03%).
Crowd Puller Stocks
35 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Future Consumer Ltd. (10.07, 19.17%), Alok Industries Ltd. (28.75, 18.07%) and NBCC (India) Ltd. (54.70, 12.09%).
Top high volume losers on BSE were Westlife Development Ltd. (489.70, -1.63%) and Schaeffler India Ltd. (5,252.00, -0.09%).
VRL Logistics Ltd. (295.00, 10.22%) was trading at 15.2 times of weekly average. Motilal Oswal Financial Services Ltd. (806.00, 4.66%) and DCB Bank Ltd. (111.20, 7.60%) were trading with volumes 7.4 and 7.1 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
52 stocks hit their 52 week highs,
Stocks touching their year highs included - Aegis Logistics Ltd. (382.00, 1.60%), Astral Ltd. (1,935.00, -2.03%) and Bajaj Finance Ltd. (6,112.00, 0.42%).
14 stocks climbed above their 200 day SMA including Future Consumer Ltd. (10.07, 19.17%) and Alok Industries Ltd. (28.75, 18.07%).