
Trendlyne Analysis
Markets rose in today's trading. Nifty 50 closed at 17,895.20 (104.9, 0.6%) , BSE Sensex closed at 60,059.06 (381.2, 0.6%) while the broader Nifty 500 closed at 15,365.20 (75.1, 0.5%)
Market breadth is in the green. Of the 1799 stocks traded today, 925 were gainers and 827 were losers.
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HDFC Mutual Fund sells over 6 lakh shares (2% stake) of Atul in an open market transaction on Wednesday.
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Oberoi Realty's sales bookings increases by 2.5X to Rs 828.5 crore in Q2FY22, with total sales volume of 4.4 lakh sq ft, a 3.8X jump.
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Orient Electric, eClerx Services, Home First Finance Company India, and Kansai Nerolac Paints are trading with higher delivery volumes compared to Thursday.
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Nifty Realty index is trading lower after RBI leaves rates unchanged. Godrej Properties, Sobha , Phoenix Mills, and Oberoi Realty are falling.
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Bajaj Auto’s Chief Financial Officer Soumen Ray resigns. He will step down from his position at the end of the year.
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ICICI Direct maintains a 'Hold' rating on Oil and Natural Gas Corporation with a 10% downside on its target price as the brokerage expects the company to underperform due to lower domestic oil and gas production.
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Vijay Kedia sells 11 lakh shares in Tejas Networks, which he held in his individual capacity, in Q2FY22. His stake in the telecom company is now below 1%.
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Ratnamani Metals and Tubes is trading with more than nine times its weekly average trading volume. Wockhardt, Zensar Technologies, and Ashoka Buildcon are trading with more than four times their weekly average trading volume.
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Reports suggest Dixon Technologies will sign a contract manufacturing agreement with Acer to make laptops for the domestic market with a target of 5 lakh laptops per year.
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Ratnamani Metals & Tubes wins an order worth Rs 98 crore to supply carbon steel pipes to companies in the domestic oil and gas sector.
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ICICI Securities downgrades its rating on Sobha to 'Hold' from 'Add' with a target price at a downside of 10.6% due to the recent run up in the stock's price. The company's stock is trading at a TTM PE of 123.5, against a three year average PE of 25.4.
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SBI Mutual Fund sells 8.4 lakh shares (0.57% stake) in Great Eastern Shipping Company in an open market transaction on Wednesday.
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Porinju Veliyath's Equity Intelligence India buys over 92,000 shares of Prevest Denpro for Rs 2.2 crore in a bulk deal on Thursday.
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Rakesh Jhunjhunwala buys 2.9 crore shares of Canara Bank worth Rs 508 crore in Q2FY22. He now holds a 1.6% stake in the company.
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Nifty 50 was trading at 17,875.55 (85.2, 0.5%) , BSE Sensex was trading at 59,872.73 (194.9, 0.3%) while the broader Nifty 500 was trading at 15,362.15 (72, 0.5%)
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Market breadth is surging up. Of the 1,723 stocks traded today, 1,292 showed gains, and 373 showed losses.
Riding High:
Largecap and midcap gainers today include IDBI Bank Ltd. (47.85, 6.45%), MRF Ltd. (85860.45, 5.65%) and Bandhan Bank Ltd. (345.80, 5.25%).
Downers:
Largecap and midcap losers today include Piramal Enterprises Ltd. (2736.25, -5.26%), Adani Transmission Ltd. (1678.70, -4.85%) and Godrej Properties Ltd. (2359.50, -4.74%).
Crowd Puller Stocks
29 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Chambal Fertilisers & Chemicals Ltd. (434.45, 15.59%), Ashoka Buildcon Ltd. (116.10, 12.61%) and UCO Bank (14.80, 9.23%).
Top high volume losers on BSE were Mahindra Lifespace Developers Ltd. (275.55, -1.08%) and Gulf Oil Lubricants India Ltd. (588.40, -0.26%).
Ratnamani Metals & Tubes Ltd. (2207.15, 0.32%) was trading at 16.0 times of weekly average. Zensar Technologies Ltd. (508.10, 9.22%) and Wockhardt Ltd. (506.70, 5.50%) were trading with volumes 9.3 and 6.2 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
40 stocks made 52 week highs,
Stocks touching their year highs included - Atul Ltd. (10535.20, 0.86%), Bata India Ltd. (1963.85, 1.00%) and BEML Ltd. (1513.60, -1.60%).
10 stocks climbed above their 200 day SMA including MRF Ltd. (85860.45, 5.65%) and Wockhardt Ltd. (506.70, 5.50%). 3 stocks slipped below their 200 SMA including Solara Active Pharma Sciences Ltd. (1452.60, -1.96%) and Symphony Ltd. (1070.90, -1.46%).