Nifty 50 closed at 10696.15 (-103.5, -1.0%) , BSE Sensex
closed at 36329.01 (-345.5, -0.9%)
while the broader Nifty 500 closed at 8777.10
(-73.2, -0.8%)
Market breadth is
in the red. Of the 1645 stocks
traded today, 639 were in the positive territory and 970 were negative.
Pi Industries,
Dixon Tech hit fresh year highs today.
TCS,
which will be the first of the large IT companies to release its results, is
unlikely to offer an annual guidance, according to analysts, due to COVID19
related uncertainties.
IndusInd Bank is gaining on news that US-based hedge fund Route One
Investment, which holds 5.41% in the bank, is in talks to increase its stake.
NMDC gains today as
iron ore prices recover, however steel demand, as management of steel industry
firms note, is likely to be muted in the coming quarters with slowing economies
globally.
HDFC Securities
points to a nascent recovery in real estate, with a buy recommendation on DLF.
Markets are
volatile in morning trade. Nifty 50 was trading at 10842.50 (42.9, 0.4%) , BSE
Sensex was trading at 36790.73 (116.2, 0.3%) while the broader Nifty 500 was
trading at 8889.70 (39.4, 0.5%). Market breadth is in the green. Of the 1527
stocks traded today, 954 showed gains, and 510 showed losses.
Riding High:
Largecap and midcap
gainers today include Steel Authority of India (SAIL) Ltd. (35.35, 8.94%),
National Aluminium Company Ltd. (35.75, 6.72%) and General Insurance Corporation
of India (160.85, 6.28%).
Downers:
Largecap and midcap
losers today include Future Retail Ltd. (117.20, -4.99%), Adani Green Energy
Ltd. (393.10, -4.99%) and IDBI Bank Ltd. (48.40, -4.91%).
Comments
Post a Comment