Nifty 50 closed at 17,853.20 (30.3, 0.2%) , BSE Sensex closed at 60,048.47 (163.1, 0.3%) while the broader Nifty 500 closed at 15,191.95 (-13.5, -0.1%)
Market breadth is in the red. Of the 1799 stocks traded today, 590 were on the uptrend, and 1158 went down.
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Rashtriya Chemicals & Fertilizers, Chambal Fertilisers & Chemicals, Madras Fertilizers, and National Fertilizers trade higher as reports suggest the government will increase fertilizer subsidy by Rs 25,000 crore for FY22.
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Happiest Minds Technologies, Ratnamani Metals & Tubes, SJVN, and Equitas Holdings are trading with higher delivery volumes compared to Thursday.
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Ircon International is rising as the construction company wins orders worth Rs 2,400 crore to set up a 500 megawatt solar power plant.
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IIFL Finance plans to raise Rs 1,000 crore through debt to meet credit requirements and enhance its digital presence.
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ICICI Securities maintains a 'Buy' rating on CESC and a 'Reduce' rating on Torrent Power following Torrent Power's acquisition of CESC's 156 megawatt wind power plants for Rs 790 crore.
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Dilip Buildcon, Ircon International, Indo Count Industries, and Rashtriya Chemicals & Fertilizers are trading with more than three times their weekly average trading volume.
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GR Infraprojects wins an order worth Rs 927 crore from the National Highways Authority of India to develop a six lane highway in Punjab.
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KPR Mill is rising as the shares of the textile company turn ex-date following its 5:1 stock split on September 24.
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Axis Direct maintains a 'Buy' rating on Federal Bank with a 23% target price upside because of the company's focus on increasing credit card issuance, microfinance loans, and commercial vehicle financing.
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IndusInd Bank acquires 50 lakh shares (4.8% stake) in McLeod Russel India by invoking the tea manufacturer's pledged shares.
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TeamLease Services' promoter HR Offshoring Ventures sells 85,400 shares (0.5% stake) worth Rs 36.3 crore in an insider trade on Wednesday.
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PVR is falling as CRISIL Ratings downgrades the company's debt rating to "A+" from "AA-." The rating agency expects PVR's business to be negatively impacted due to poor content pipeline and capacity restrictions in Maharashtra.
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Sansera Engineering lists at Rs 811.5 per share, a 9% premium to the issue price of Rs 744 per share. The auto-components company's IPO was a complete offer for sale of Rs 1,293 crore.
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Mining company Vedanta will delist its American Depository Receipts (ADRs) from the New York Stock Exchange. The company's ADRs constitute 4% of its equity.
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Upbeat trading today, as Nifty 50 was trading at 17,909.95 (87, 0.5%) , BSE Sensex was trading at 60,182.86 (297.5, 0.5%) while the broader Nifty 500 was trading at 15,266.00 (60.6, 0.4%)
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Market breadth is ticking up strongly. Of the 1710 stocks traded today, 1119 were gainers and 510 were losers.
Riding High:
Largecap and midcap gainers today include Indus Towers Ltd. (317.65, 13.83%), Oberoi Realty Ltd. (932.00, 10.00%) and Vodafone Idea Ltd. (11.50, 9.00%).
Downers:
Largecap and midcap losers today include Apollo Hospitals Enterprise Ltd. (4731.80, -6.93%), Dr. Lal Pathlabs Ltd. (3889.65, -3.72%) and SBI Cards and Payment Services Ltd. (1011.20, -3.60%).
Volume Shockers
23 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Indus Towers Ltd. (317.65, 13.83%), Rashtriya Chemicals & Fertilizers Ltd. (82.50, 11.26%) and Chambal Fertilisers & Chemicals Ltd. (341.15, 11.23%).
Top high volume losers on BSE were Apollo Hospitals Enterprise Ltd. (4731.80, -6.93%), Shilpa Medicare Ltd. (559.25, -2.03%) and Bayer Cropscience Ltd. (5354.70, -0.93%).
Dilip Buildcon Ltd. (572.15, 3.27%) was trading at 6.5 times of weekly average. Cera Sanitaryware Ltd. (4990.40, 8.78%) and Kajaria Ceramics Ltd. (1242.15, 6.44%) were trading with volumes 6.3 and 6.2 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
48 stocks made 52 week highs,
Stocks touching their year highs included - Apollo Hospitals Enterprise Ltd. (4731.80, -6.93%), Asian Paints Ltd. (3448.60, 3.85%) and Bajaj Finserv Ltd. (18526.00, 0.12%).
10 stocks climbed above their 200 day SMA including Dilip Buildcon Ltd. (572.15, 3.27%) and Ircon International Ltd. (45.80, 2.81%). 10 stocks slipped below their 200 SMA including Housing and Urban Development Corporation Ltd. (44.70, -3.66%) and Jindal Steel & Power Ltd. (359.15, -3.23%).
