Nifty 50 closed at 17,355.30 (-14.0, -0.1%) , BSE Sensex closed at 58,177.76 (-127.3, -0.2%) while the broader Nifty 500 closed at 14,852.20 (15.8, 0.1%)
Market breadth is holding steady. Of the 1800 stocks traded today, 899 showed gains, and 837 showed losses.
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Westlife Development, Sundaram Clayton, Procter & Gamble Health, and Cyient are trading with higher delivery volumes compared to Thursday.
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Goldiam International is rising as the jewellery company's board of directors approve a plan to buy back equity shares at Rs 1,200 per share.
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KEI Industries' Managing Director Anil Gupta sells 2 lakh shares (0.22% stake) for Rs 15.4 crore in an insider trade on Friday.
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Advanced Enzyme Technologies is trading in the green with more than 31 times its weekly average trading volume. IIFL Finance, SIS, and 3M India are trading with more than six times their weekly average trading volume.
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Axis Direct maintains a 'Buy' rating on Mold-Tek Packaging with a target price upside of 18% expecting volumes to recover by Q3FY22.
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Tejas Networks allots 1.9 crore equity shares to Panatone Finvest, a subsidiary of Tata Sons, increasing its stake to 37.7% from 24.8%.
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LIC Housing Finance raises Rs 2,335 crore through issuing 4.5 crore preference shares to Life Insurance Corporation of India on Thursday.
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Indiabulls Housing Finance receives the approval of the Competition Commission of India to sell its mutual fund business to Groww for Rs 175 crore.
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Reports suggest Zomato will close its grocery delivery service this week for the second time since April 2020. The food delivery giant first forayed into delivering groceries in Q1FY21, but closed the service in Q2FY21.
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ICICI Lombard General Insurance Company is no longer a subsidiary of ICICI Bank. The private bank's stake in the general insurance company drops to 48% following its merger with Bharti AXA.
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Punjab National Bank's board of directors approves a plan to raise Rs 6,000 crore through debt.
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Canada Pension Plan sells 2.3 crore shares (2% stake) of SBI Life Insurance Company for Rs 2,693 crore in a bulk deal on Thursday.
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Nifty 50 was trading at 1,7309.80 (-59.5, -0.3%) , BSE Sensex was trading at 58,102.49 (-202.6, -0.4%) while the broader Nifty 500 was trading at 14,802.40 (-34.1, -0.2%)
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Market breadth is in the green. Of the 1,722 stocks traded today, 869 showed gains, and 772 showed losses.
Riding High:
Largecap and midcap gainers today include Syngene International Ltd. (670.00, 6.26%), The New India Assurance Company Ltd. (168.00, 5.49%) and Indraprastha Gas Ltd. (594.55, 5.36%).
Downers:
Largecap and midcap losers today include Vodafone Idea Ltd. (7.95, -5.36%), Adani Green Energy Ltd. (1185.20, -2.53%) and Reliance Industries Ltd. (2371.55, -2.23%).
Volume Rockets
27 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Advanced Enzyme Technologies Ltd. (412.00, 12.40%), Dish TV India Ltd. (19.35, 8.10%) and Hindustan Copper Ltd. (124.60, 7.51%).
Top high volume losers on BSE were Aegis Logistics Ltd. (244.80, -5.50%), Inox Leisure Ltd. (300.55, -1.80%) and Spandana Sphoorty Financial Ltd. (622.85, -1.16%).
SIS Ltd. (485.05, 0.30%) was trading at 9.1 times of weekly average. IIFL Finance Ltd. (309.40, 4.99%) and Syngene International Ltd. (670.00, 6.26%) were trading with volumes 9.1 and 8.7 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
39 stocks hit their 52 week highs, while 1 stock hit their 52 week lows.
Stocks touching their year highs included - Abbott India Ltd. (21378.55, 3.24%), Adani Transmission Ltd. (1868.80, 3.43%) and Bharat Petroleum Corporation Ltd. (498.10, 1.42%).
Stock making new 52 weeks lows included - Varroc Engineering Ltd. (264.55, -3.31%).
9 stocks climbed above their 200 day SMA including Advanced Enzyme Technologies Ltd. (412.00, 12.40%) and Hindustan Copper Ltd. (124.60, 7.51%). 10 stocks slipped below their 200 SMA including Future Consumer Ltd. (7.50, -6.83%) and IFB Industries Ltd. (1075.85, -2.24%).
