Markets fell in today's trading. Nifty 50 closed at 10607.35 (-195.4, -1.8%) , BSE Sensex closed at 36033.06 (-660.6, -1.8%) while the broader Nifty 500 closed at 8693.35 (-140.9, -1.6%). Market breadth is sharply down. Of the 1664 stocks traded today, 349 showed gains, and 1266 showed losses.
Agrichem company Rallis India hits a fresh 52 week high today. Share price is up over 8%.
HDFC Securities is a sell on Dmart, noting the company's high exposure to districts severely impacted by the pandemic.
Murmurs are building that Google is in "advanced talks" to invest $4 billion in Reliance Jio.
Sadbhav Engineering is up today on a BUY call from CLSA post the company's Q4 results. This was despite the company declaring weak Q4FY20 numbers, with delays in projects and a working capital crunch.
Akash Prakash's Amansa Holdings sees an opportunity in PVR shares, buys up 3.37% stake in the company,
Bharti Airtel is scheduled to hold a press conference on the company's Verizon partnership today.
Indian markets fell today morning. Nifty 50 was trading at 10713.90 (-88.8, -0.8%) , BSE Sensex was trading at 36430.21 (-263.5, -0.7%) while the broader Nifty 500 was trading at 8767.35 (-66.9, -0.8%). Market breadth is highly negative. Of the 1484 stocks traded today, 368 were on the uptrend, and 1048 went down.
Riding High:
Largecap and midcap gainers today include Biocon Ltd. (437.60, 5.48%), Future Retail Ltd. (116.60, 5.00%) and Oracle Financial Services Software Ltd. (2903.20, 3.02%).
Downers:
Largecap and midcap losers today include Bharat Heavy Electricals Ltd. (38.90, -8.69%), RBL Bank Ltd. (165.00, -7.25%) and Indiabulls Housing Finance Ltd. (223.45, -6.27%).#NIFTYBANK #NIFTY50