Markets closed up today. Nifty 50 closed at 17929.65 (258, 1.5%) , BSE Sensex closed at 60138.46 (831.5, 1.4%) while the broader Nifty 500 closed at 15302.70 (215.8, 1.4%)
Market breadth is overwhelmingly positive. Of the 1806 stocks traded today, 1216 were on the uptrend, and 529 went down.
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IRCTC is gaining today after reporting a 380%+ jump in net profit results YoY for the September quarter.
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Laurus Labs gets a buy from ICICI Securities post its September quarter results.
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Maruti Suzuki says the company's sales declined sharply, with domestic sales falling 32% due to chip shortages.
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Midday update: Market breadth is overwhelmingly positive. Of the 1796 stocks traded today, 1197 were on the uptick, and 541 were down.
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Largecap and midcap gainers into the afternoon include Steel Authority of India (SAIL) Ltd. (125.35, 8.91%), Godrej Properties Ltd. (2412.00, 8.00%) and Oberoi Realty Ltd. (977.50, 7.98%). Largecap and midcap losers today include Cholamandalam Investment & Finance Company Ltd. (585.90, -4.69%), Whirlpool of India Ltd. (2115.20, -4.39%) and Bharat Electronics Ltd. (199.20, -3.70%).
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Rakesh-Jhunjhunwala invested Nazara Technologies falls 5% post results. Listen to the earnings call.
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Apollo Tyres is gaining post revenue jump in the September quarter.
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Tata Motors shares are falling ahead of results today. Blue Star has hit a fresh year high on its September quarter performance.
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Markets opened higher with upbeat trading today, as Nifty 50 was trading at 17745.55 (73.9, 0.4%) , BSE Sensex was trading at 59690.70 (383.8, 0.7%) while the broader Nifty 500 was trading at 15153.30 (66.4, 0.4%). Market breadth is overwhelmingly positive. Of the 1723 stocks traded today, 1262 were in the positive territory and 409 were negative.
Riding High:
Largecap and midcap gainers today include Steel Authority of India (SAIL) Ltd. (125.25, 8.82%), Varun Beverages Ltd. (921.45, 8.49%) and IndusInd Bank Ltd. (1229.10, 7.80%).
Downers:
Largecap and midcap losers today include Cholamandalam Investment & Finance Company Ltd. (588.65, -4.25%), Whirlpool of India Ltd. (2118.60, -4.24%) and Tata Communications Ltd. (1264.50, -3.28%).
Volume Shockers
21 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Steel Authority of India (SAIL) Ltd. (125.25, 8.82%), Sobha Ltd. (827.80, 7.51%) and Minda Corporation Ltd. (167.30, 7.45%).
Top high volume losers on BSE were Rossari Biotech Ltd. (1336.75, -5.52%), Cholamandalam Investment & Finance Company Ltd. (588.65, -4.25%) and Whirlpool of India Ltd. (2118.60, -4.24%).
GlaxoSmithKline Pharmaceuticals Ltd. (1597.60, 6.23%) was trading at 8.8 times of weekly average. Lux Industries Ltd. (3802.55, 6.93%) and Venky's (India) Ltd. (2694.45, -1.18%) were trading with volumes 7.0 and 4.9 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
10 stocks overperformed with 52 week highs, while 1 stock hit their 52 week lows.
Stocks touching their year highs included - Blue Dart Express Ltd. (6998.75, 5.17%), Blue Star Ltd. (990.35, 3.15%) and Century Plyboards (India) Ltd. (573.20, 6.13%).
Stock making new 52 weeks lows included - Indostar Capital Finance Ltd. (263.15, -1.53%).
10 stocks climbed above their 200 day SMA including Mishra Dhatu Nigam Ltd. (196.00, 6.49%) and Vodafone Idea Ltd. (10.10, 5.76%). 10 stocks slipped below their 200 SMA including S H Kelkar & Company Ltd. (144.30, -9.13%) and Whirlpool of India Ltd. (2118.60, -4.24%).
