Markets closed higher. Nifty 50 closed at 17,822.95 (276.3, 1.6%) , BSE Sensex closed at 59,885.36 (958.0, 1.6%) while the broader Nifty 500 closed at 15,205.45 (214.9, 1.4%)
Market breadth is in the green. Of the 1788 stocks traded today, 1073 were gainers and 652 were losers.
-
eClerx Services, Heidelberg Cement India, TeamLease Services, and Kansai Nerolac Paints are trading with higher delivery volumes compared to Wednesday.
-
Axis Direct maintains a 'Hold' rating on Abbott India with a target price at a 2.5% downside expecting its strong presence in the branded generics market to remain robust in FY22.
-
Jindal Steel and Power wins a mining lease for the Kasia iron ore mine with a reserve of 278 million tonnes from the Odisha government.
-
JBM Auto is rising as the auto components maker receives an order to supply parts for 500 CNG and electric buses from municipal bodies in Delhi, Bangalore, and Uttar Pradesh.
-
Hemisphere Properties India, Welspun India, Raymond, and DLF are trading with more than three times their weekly average trading volume.
-
Nifty Realty is trading higher led by gains in Godrej Properties, DLF, Oberoi Realty, and Phoenix Mills.
-
Bharti Airtel's rights issue worth Rs 21,000 crore will open on October 5 and close on October 21 at an issue price of Rs 535 per share.
-
Edelweiss maintains a 'Buy' on Tech Mahindra with a 14% target price upside as the IT services company's R&D lab (Makers Lab) has applied for a Covid-19 treatment drug patent. The management expects Makers Lab to generate revenues of over Rs 7,000 crore in the coming years.
-
Sundaram Fasteners' Managing Director Arathi Krishna expects demand for auto-components to revive in Q3FY22 due to a recovery in domestic automobile sales.
-
Bank of India plans to raise Rs 1,800 crore in debt to meet regulatory requirements and fuel business growth. In August, the public bank raised Rs 2,550 crore by issuing equity to institutional investors.
-
Tejas Networks is rising as its partners with Bharti Airtel to expand the telecommunications company's 5G, broadband, and B2B services network in metro cities.
-
Jubilant Ingrevia's wholly owned subsidiary Jubilant Life Sciences divests its entire 10% stake in Safe Foods Corporation for Rs 134 crore.
-
IDFC's shareholders reject the decision to re-appoint Vinod Rai as a non-independent and non-executive director to the company's board.
-
The market opened on an upbeat note. Nifty 50 was trading at 17,689.30 (142.7, 0.8%) , BSE Sensex was trading at 59,383.02 (455.7, 0.8%) while the broader Nifty 500 was trading at 15,119.30 (128.8, 0.9%)
-
Market breadth is surging up. Of the 1698 stocks traded today, 1465 were on the uptick, and 176 were down.
Riding High:
Largecap and midcap gainers today include Oberoi Realty Ltd. (847.30, 12.87%), Godrej Properties Ltd. (2199.30, 12.72%) and DLF Ltd. (401.85, 8.89%).
Downers:
Largecap and midcap losers today include Zee Entertainment Enterprises Ltd. (318.20, -5.52%), ICICI Lombard General Insurance Company Ltd. (1576.75, -3.13%) and Endurance Technologies Ltd. (1562.40, -2.41%).
Crowd Puller Stocks
18 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Welspun India Ltd. (157.80, 13.36%), Oberoi Realty Ltd. (847.30, 12.87%) and Godrej Properties Ltd. (2199.30, 12.72%).
Top high volume loser on BSE was AIA Engineering Ltd. (2006.85, -0.94%).
Blue Star Ltd. (850.40, 0.05%) was trading at 28.4 times of weekly average. KRBL Ltd. (290.10, 6.36%) and Housing and Urban Development Corporation Ltd. (46.40, 7.04%) were trading with volumes 8.7 and 7.9 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
55 stocks made 52 week highs,
Stocks touching their year highs included - Allcargo Logistics Ltd. (257.60, -2.00%), Apollo Hospitals Enterprise Ltd. (5084.20, 3.66%) and Bajaj Finance Ltd. (7899.05, 1.35%).
21 stocks climbed above their 200 day SMA including Housing and Urban Development Corporation Ltd. (46.40, 7.04%) and Dilip Buildcon Ltd. (554.05, 6.76%). 2 stocks slipped below their 200 SMA including Coromandel International Ltd. (806.15, -1.54%) and Spicejet Ltd. (77.85, -0.45%).
