Trendlyne Marketwatch    
29 Nov 2021
Market closes flat, Nifty IT ends higher

Trendlyne Analysis

  • RHI Magnesita India, Macrotech Developers, GMM Pfaudler and CAMS are trading with higher delivery volumes as compared to Friday

  • Macrotech Developers is falling after reports say the company is looking to tap the Bengaluru market and invest Rs 3,000 crore to achieve higher growth in the Mumbai and Pune regions

  • IT services stocks are trading higher with stocks like Larsen & Toubro Infotech, Tata Consultancy Services, and HCL Technologies are rising in intra-day trading. The sectoral index Nifty IT is also trading higher after crashing on Friday.

  • Bharat Dynamics is trading with more than eight times its weekly average trading volume. Poly Medicure, Pfizer, and Dr. Lal Pathlabs, are trading at more than four times their weekly average trading volumes.

  • Trident touches an all-time-high after it announces Q2FY22 results. The company’s net profits rise 2.2X YoY to Rs 235 crore. The stock rallies as the company’s infrastructure expansions and increasing demand in home textiles and paper industry indicate good recovery for Q3FY22.

  • ITC enters into an agreement to acquire 16% stake in Mother Sparsh Baby Care for Rs 20 crore to boost its offerings in the Personal Care segment

  • One97 Communications (Paytm) reports a net loss of 11% YoY to Rs 482 crore for Q2FY22. Total expenses rise 37% YoY to Rs 1,600 crore as indirect expenses increase to Rs 687 crore and growth of UPI payments business reveals red flags in terms of growth.

  • Promoter group entity SG Devbuild sells its remaining 1.07% stake or 48.33 lakh shares in Indiabulls Real Estate at an average price of Rs 172.8 on November 24 and 26

  • Plutus Wealth Management buys 2.51 lakh shares or 0.77% stake in Nazara Technologies. The investor now holds a 6.92% stake in the company.

  • Reliance Industries surges in trade as its telecom arm Reliance Jio announces a 20%+ hike in its tariffs for prepaid plans effective from Wednesday.

  • Nifty 50 closed at 17,053.95 (27.5, 0.2%) , BSE Sensex closed at 57,260.58 (153.4, 0.3%) while the broader Nifty 500 closed at 14656.45 (-50.8, -0.4%)

  • Market breadth is overwhelmingly negative. Of the 1,846 stocks traded today, 318 showed gains, and 1,486 showed losses.

Riding High:

Largecap and midcap gainers today include Dr. Lal Pathlabs Ltd. (3885.45, 6.24%), Ipca Laboratories Ltd. (2120.35, 5.17%) and ABB India Ltd. (2083.35, 4.43%).

Downers:

Largecap and midcap losers today include Indian Railway Catering & Tourism Corporation Ltd. (775.80, -5.74%), IDBI Bank Ltd. (44.20, -5.35%) and Indian Hotels Company Ltd. (172.55, -5.22%).

Volume Shockers

17 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included BEML Ltd. (1875.05, 13.10%), Bharat Dynamics Ltd. (412.50, 6.47%) and Dr. Lal Pathlabs Ltd. (3885.45, 6.24%).

Top high volume losers on BSE were Tata Metaliks Ltd. (871.35, -6.34%), GE Power India Ltd. (230.05, -4.54%) and Crisil Ltd. (3026.05, -3.36%).

Poly Medicure Ltd. (1028.65, 5.19%) was trading at 7.9 times of weekly average. India Tourism Development Corporation Ltd. (382.65, -0.73%) and Pfizer Ltd. (5272.85, 2.75%) were trading with volumes 7.2 and 5.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

5 stocks made 52 week highs, while 27 stocks hit their 52 week lows.

Stocks touching their year highs included - BEML Ltd. (1875.05, 13.10%), Raymond Ltd. (657.75, 10.39%) and Shipping Corporation of India Ltd. (149.80, 1.73%).

Stocks making new 52 weeks lows included - Akzo Nobel India Ltd. (2049.00, -2.01%) and Amara Raja Batteries Ltd. (610.80, -2.18%).

6 stocks climbed above their 200 day SMA including Pfizer Ltd. (5272.85, 2.75%) and Supreme Industries Ltd. (2158.00, 1.74%). 63 stocks slipped below their 200 SMA including Indiabulls Housing Finance Ltd. (230.90, -6.35%) and Spicejet Ltd. (70.75, -6.23%).

 

1 Comment
ashvin18 Dear sir,
Present market condition is indecisive and create tension so kindly offer your
views, about LTI,LTT,MIND TREE,LT even
for long term investors.
Ashvin Shah
30 Nov 2021
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