Indian markets closed lower today. Nifty 50 closed at 10900.00 (-173.5, -1.6%) , BSE Sensex closed at 36939.60 (-667.3, -1.8%) while the broader Nifty 500 closed at 8937.90 (-97.9, -1.1%). Market breadth is in the green. Of the 1674 stocks traded today, 869 showed gains, and 724 showed losses.
Teamlease gets a BUY from Motilal Oswal after the company delivered a better than expected performance in its operational numbers for Q1.
Indian drugmaker Wockhardt is up 10% today after the company said that it has signed an agreement to help supply multiple COVID-19 vaccines in millions of doses to the UK.
Torrent Pharma hits a lifetime high today on a strong domestic performance in Q1.
While Tata Motors is rising post-results, the management has expressed concern that the business will be impacted by China's retaliation against the UK for the ban on Huawei. Chinese sales accounts for half of JLR's global numbers.
HDFC Securities is bullish on a range of realty stocks, including DLF, Prestige Estates and Sobha.
Among the biggest gainers today are pharma stocks, with Laurus Labs, Jubilant Life hitting fresh year highs.
Markets are trending lower today. Nifty 50 was trading at 11002.40 (-71.1, -0.6%) , BSE Sensex was trading at 37324.92 (-282.0, -0.8%) while the broader Nifty 500 was trading at 9006.55 (-29.2, -0.3%). Market breadth is in the green. Of the 1513 stocks traded today, 763 were on the uptick, and 660 were down.
Riding High:
Largecap and midcap gainers today include Jubilant Life Sciences Ltd. (863.00, 8.55%), Sanofi India Ltd. (8333.95, 7.29%) and Tata Motors Ltd. (111.75, 6.78%).
Downers:
Largecap and midcap losers today include Bandhan Bank Ltd. (308.80, -10.52%), Apollo Hospitals Enterprise Ltd. (1571.00, -6.19%) and UPL Ltd. (452.50, -5.36%).#NIFTY50 #NIFTY50