Trendlyne Marketwatch    
12 Sep 2022
Market closes higher, Goldman Sachs overweight on ICICI Bank

Trendlyne Analysis

Indian indices closed in the green, with the volatility index, India VIX, at around 18%. The Nifty 50 rose around 90 points and closed above the 17,900 mark. European stocks followed the global trend and traded higher than Friday's close. Asian indices closed higher, tracking the US indices, which also closed in the green on Friday. The S&P 500 and tech-heavy index, NASDAQ 100, snapped their three-week losing streak and closed higher last week. Investors look ahead to India’s consumer price index or CPI print release today after market hours. Other CPI data releases globally such as US CPI and UK CPI prints are scheduled for this week. Brent crude oil futures traded above $90 per barrel after rising over 4% on Friday.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the green, following the benchmark index. Nifty Bank and Nifty Realty closed higher than Friday’s levels. Nifty IT closed in the green, tracking the NASDAQ 100, which rose over 2% higher on Friday.

Nifty 50 closed at 17,931.60 (98.3, 0.6%), BSE Sensex closed at 60,115.13 (322.0, 0.5%) while the broader Nifty 500 closed at 15,573.80 (106.4, 0.7%)

Market breadth is in the green. Of the 1,960 stocks traded today, 1,163 were on the uptick, and 743 were down.

Riding High:

Largecap and midcap gainers today include Hindustan Aeronautics Ltd. (2,614.00, 7.40%), Deepak Nitrite Ltd. (2,178.40, 6.54%) and ACC Ltd. (2,500.85, 5.72%).

Downers:

Largecap and midcap losers today include Coal India Ltd. (231.50, -2.57%), Bandhan Bank Ltd. (288.60, -1.67%) and Astral Ltd. (2,552.20, -1.62%).

Volume Shockers

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

Top high volume gainers on BSE included KEC International Ltd. (443.30, 9.40%), Welspun India Ltd. (82.20, 7.73%) and Hindustan Aeronautics Ltd. (2,614.00, 7.40%).

Top high volume losers on BSE were Krishna Institute of Medical Sciences Ltd. (1,241.00, -3.17%), Chemplast Sanmar Ltd. (419.65, -3.08%) and Medplus Health Services Ltd. (720.40, -2.11%).

AstraZeneca Pharma India Ltd. (3,315.90, 7.01%) was trading at 13.1 times of weekly average. Anupam Rasayan India Ltd. (781.05, -0.70%) and KNR Constructions Ltd. (249.10, -1.99%) were trading with volumes 10.1 and 8.3 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

26 stocks hit their 52-week highs, while 1 stock hit its 52-week lows.

Stocks touching their year highs included - Adani Ports & Special Economic Zone Ltd. (938.50, 3.49%), Apollo Tyres Ltd. (284.00, 3.80%) and Bharat Electronics Ltd. (338.55, 3.17%).

Stock making new 52 weeks lows included - Natco Pharma Ltd. (602.55, 0.11%).

24 stocks climbed above their 200 day SMA including KEC International Ltd. (443.30, 9.40%) and Avanti Feeds Ltd. (507.35, 6.74%). 3 stocks slipped below their 200 SMA including KPR Mill Ltd. (597.30, -0.76%) and Rain Industries Ltd. (185.35, -0.16%).

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