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.
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Elgi Equipments, Emami, Cyient, Can Fin Homes and Ratnamani Metals & Tubes are trading with higher delivery volumes compared to Thursday.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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%.
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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%).
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Market breadth is ticking up strongly. Of the 1,666 stocks traded today, 1,277 were on the uptrend, and 362 went down.
Riding High:
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%).
Downers:
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%).
