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Trendlyne Analysis

Upbeat trading today. Nifty 50 closed at 17,176.70 (264.5, 1.6%) , BSE Sensex closed at 57,633.65 (886.5, 1.6%) while the broader Nifty 500 closed at 14,834.50 (216.2, 1.5%)

Market breadth is overwhelmingly positive. Of the 1,816 stocks traded today, 1,363 were on the uptick, and 400 were down.

• Tata Teleservices, IFB Industries, V Mart Retail, and Great Eastern Shipping Company are trading with higher volumes as compared to Monday.

• Government selects Parag Milk Foods as a beneficiary of the PLI Scheme for the period of FY21-27. The company will get incentives of up to Rs 71 crore to be spread over the next six years. The company plans a minimum Investment Rs 29 crore over FY21-23 to increase its capacity to 10 metric tonne per day.

• Indian Energy Exchange's November electricity volumes rise 54% YoY to 9,477 million units. The real time electricity market volumes grow 47% YoY growth to 1,311 million units. The green power market volumes rise 178% YoY to 457 million units

• Motilal Oswal maintains a 'Neutral' rating on Biocon as it believes that the one year forward PE of 32X reasonably captures company's recent biosimilar launches in US market and two-year forward earnings growth of 36% in the Biologics business (emerging markets). It expects a target price upside of 0.3%

• HFCL, a telecom gear maker, surges in trade as its board approves a qualified institutional placement of Rs 750 crore to be raised at a floor price of Rs 72.33 per equity share.

• Nippon Life India Trustee acquires 4.64 lakh shares or 0.76% stake in PVR and increases its holding in the company to 5.14% from 4.38%.

• Lakshmi Machine Works is trading with more than three times its weekly average trading volumes. MMTC, Dalmia Bharat, Hindustan Copper, and YES Bank are trading with more than 2.5X their weekly average trading volumes.

• Tanla Platforms hits 5% upper circuit after it partners with Vodafone Idea to deploy block-chain enabled Wisely Platform which is expected to go live in Q4FY22. Tanla will provide solutions to secure, encrypt and enhance performance for the entire international messaging traffic on the Vi network.

• BOB Capital Markets maintains a 'BUY' rating on Eris Lifesciences as it enters into a 10-yr JV with MJ Biopharm so as to boost its offerings in the diabetes care segment. The brokerage further expects a target price upside of 38%

• HDFC Securities maintains a 'BUY' rating on ICICI Bank on the back of its tech initiatives such as iMobile and iLens, 130+ fintech partnerships and growing market share in credit card spends. The bank can further achieve an ROE of 15% by FY23 from 12.3% in FY21, the brokerage said. It expeccts an upside of 24% on the bank's stock.

• RateGain Travel Technologies raises Rs 599 core from investors by selling 1.40 crore shares at Rs 425 apiece to 12 anchor investors, including Aditya Birla Sun Life Mutual Fund (MF), ICICI Prudential MF, Sundaram MF, Axis MF, SBI Life Insurance Company, ICICI Prudential Life Insurance Company among others.

• Superstar investor Mohnish Pabrai buys 68.98 lakh shares or 2.05% stake in Rain Industries and increases his holding in the company to 8% from 5.95%.

Riding High:

Largecap and midcap gainers today include Torrent Power Ltd. (585.90, 5.62%), IDBI Bank Ltd. (47.95, 5.27%) and Hindalco IndustriesLtd. (442.50, 5.02%).

Downers:

Largecap and midcap losers today include Vodafone Idea Ltd. (14.25, -5.00%), Kansai Nerolac Paints Ltd. (580.90, -2.59%) and Alembic Pharmaceuticals Ltd. (791.90, -1.69%).

Volume Rockets

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

Top high volume gainers on BSE included Hindustan Copper Ltd. (125.80, 10.06%), MMTC Ltd. (45.15, 5.99%) and Varroc Engineering Ltd. (300.85, 5.49%).

Top high volume losers on BSE were Aavas Financiers Ltd. (2485.10, -6.06%), KSB Ltd. (1239.80, -1.07%) and HFCL Ltd. (77.85, -0.57%).

Procter & Gamble Hygiene & Healthcare Ltd. (15101.90, -0.03%) was trading at 5.0 times of weekly average. VRL Logistics Ltd. (456.65, 0.78%) and Lakshmi Machine Works Ltd. (9156.60, 3.55%) were trading with volumes 4.8 and 4.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

7 stocks hit their 52 week highs, while 6 stocks tanked below their 52 week lows.

Stocks touching their year highs included - BEML Ltd. (2044.15, 1.50%), GlaxoSmithKline Pharmaceuticals Ltd. (1793.15, 0.73%) and IFCI Ltd. (15.40, 3.36%).

Stocks making new 52 weeks lows included - Gulf Oil Lubricants India Ltd. (497.80, -1.74%) and Lupin Ltd. (866.15, 0.92%).

24 stocks climbed above their 200 day SMA including PNB Housing Finance Ltd. (573.65, 5.00%) and Eris Lifesciences Ltd. (731.85, 4.83%). 9 stocks slipped below their 200 SMA including Aavas Financiers Ltd. (2485.10, -6.06%) and Kansai Nerolac Paints Ltd. (580.90, -2.59%).

Trendlyne Analysis

• Trident, WABCO India, JK Lakshmi Cement, and Garware Technical Fibres are trading with higher volumes as compared to Friday.

• Axis Securities upgrades its rating for KEC International to ‘Buy’ from ‘Hold’ with a target price upside of 13%. The company's recent Rs 1,065-crore order win is a big positive, according to the brokerage. The rising size of orders from international markets and Indian Railways will drive the company's revenues for another two years

• Morepen Labs is rising after it gets the US FDA approval to export fexofinadine hydrochloride, a generic anti-allergy drug, in the US markets from Q4FY22.

• GlaxoSmithKline Pharmaceuticals touches a 52-week high as UK regulator approves GSK UK's drug to treat patients at high risk of developing severe Covid-19 symptoms. The company says this drug will work against the Omicron variant as well.

• Anand Rathi Wealth’s Rs 660-crore IPO gets bids for 10X of the available 84.7 lakh shares on offer on the third day of bidding till now. Retail investors quota of 41.1 lakh shares was subscribed 8X. The offer comprises entirely of an offer for sale of upto Rs 1,336 crore.

• Godrej Properties surges in early trade as it enters into a JV with TDI group to develop an ultra-luxury residential project of 1.25 lakh sq ft area in Delhi.

• Eris Lifesciences is trading with more than five times its weekly average trading volumes. IFB Industries, MMTC, Indo Count Industries, and HFCL are trading with more than three times their weekly average trading volumes.

• TeamLease Services rises as the company sells its wholly-owned subsidiary IIJT Education for Rs 4.7 crore as the subsidiary "had no operating income/revenue during the previous financial year".

• Geojit BNP Paribas maintains a 'BUY' on HDFC as its net profit grows 32% YoY in Q2FY22 driven by double-digit rise in NII, 40 bps increment in NIM and improvement in collections. The brokerage expects a target price upside of 19%

• Promoter entity Birla Group Holdings buys 9 lakh shares in Aditya Birla Capital at an average price of Rs 108.07. This increases the entity's holdings to 7.35%.

• HDFC Mutual Fund sells 15.76 lakh shares or 2.06% stake in Persistent Systems and reduces its holding in the company to 5.14% from 7.20%

• Tata Motors plans to hike prices from January 2022 to balance out the impact of rising commodity, raw materials, and input costs, according to reports. The recent rise in transportation costs is affecting the total cost structure causing disruptions for original equipment manufacturers (OEMs).

• Eris Lifesciences is rising as it forms a joint venture with MJ Biophram to enter the insulin segment and to expand its product portfolio to offer biotherapeutic options to the patients in cardio-metabolic segment. The 70:30 joint venture will engage in distribution of human and analogue insulin including Aspart, Glargine and Lispro among other products.

• NMDC approves an interim dividend of Rs 9 per share. The total dividend outgo for the company will be Rs 2,640 crore out of which Government of India will receive Rs 1,605 crore in its kitty. The record date is December 15, 2021.

• Indian markets slumped today. Nifty 50 closed at 16,912.25 (-284.5, -1.7%) , BSE Sensex closed at 56,747.14 (-949.3, -1.7%) while the broader Nifty 500 closed at 14,618.35 (-238.0, -1.6%)

• Market breadth is highly negative. Of the 1,851 stocks traded today, 530 were in the positive territory and 1,262 were negative.

Riding High:

Largecap and midcap gainers today include Vodafone Idea Ltd. (15.00, 3.81%), GlaxoSmithKline Pharmaceuticals Ltd. (1780.15, 2.84%) and NHPC Ltd. (33.40, 2.61%).

Downers:

Largecap and midcap losers today include Coal India Ltd. (148.55, -7.01%), Thermax Ltd. (1673.45, -5.07%) and Indus Towers Ltd. (268.50, -4.35%).

Volume Rockets

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

Top high volume gainers on BSE included Responsive Industries Ltd. (121.25, 19.52%), IFCI Ltd. (14.90, 9.16%) and MMTC Ltd. (42.60, 5.84%).

Top high volume losers on BSE were Crisil Ltd. (2906.75, -3.39%), V Mart Retail Ltd. (3735.40, -3.10%) and Swan Energy Ltd. (122.00, -2.09%).

Eris Lifesciences Ltd. (698.15, -0.99%) was trading at 6.1 times of weekly average. IFB Industries Ltd. (1154.85, 0.37%) and Indoco Remedies Ltd. (418.10, 3.53%) were trading with volumes 4.2 and 3.4 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

8 stocks took off, crossing 52 week highs, while 5 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - Bajaj Holdings & Investment Ltd. (5253.25, -3.14%), BEML Ltd. (2014.00, 6.62%) and GlaxoSmithKline Pharmaceuticals Ltd. (1780.15, 2.84%).

Stocks making new 52 weeks lows included - City Union Bank Ltd. (142.65, -1.07%) and Lupin Ltd. (858.25, -1.69%).

11 stocks climbed above their 200 day SMA including Jindal Saw Ltd. (106.40, 2.41%) and 3M India Ltd. (26080.10, 1.05%). 24 stocks slipped below their 200 SMA including Coal India Ltd. (148.55, -7.01%) and PVR Ltd. (1350.65, -6.34%).

Trendlyne Analysis

• Gujarat Pipavav Port, WABCO India, UTI Asset Management Company, and Honeywell Automation India are trading with higher delivery volumes as compared to Thursday.

• The Reserve Bank of India initiates Reliance Capital’s bankruptcy proceedings in National Company Law Tribunal Mumbai after superseding the board on November 29. SBI Capital Markets and JM Financial will carry out the sale process of Reliance Capital’s assets and investments in various entities.

• Oil and Natural Gas Corproration and Solar Energy Corporation of India ink a pact where the former will set up renewable power projects to meet it 2040 target of generating 10GW of renewable power. ONGC will also continue to focus on its exploration and production business.

• Anand Rathi Wealth’s Rs 660-crore IPO gets bids for 2.4X of the available 84.7 lakh shares on offer on the second day of bidding. Retail investors quota of 41.1 lakh shares is oversubscribed by 4X. The offer will comprise of an offer for sale of upto 1.2 crore.

• Tega Industries’ Rs 619-crore IPO gets bids for 165X of the available 95.6 lakh shares on offer on the third day of bidding till now. Retail investors quota of 47.8 lakh shares was subscribed 27X. The offer comprises of an offer for sale of upto Rs 1,336 crore.

• Adani Ports & Special Economic Zone cargo volumes rise 43% YoY in November 2021 to 209.45 million metric tonnes. Mundra Port saw cargo volumes rise to 100 million metric tonnes.

• ICICI Securities maintains a ‘Buy’ rating on Gujarat Fluorochemicals with a target price upside of 50% because of rising demand of fluoropolymers. The brokerage expects the company’s earnings to be propelled by growth in revenues over the next 2.5 years due to rise in demand.

• Ashoka Buildcon is trading with more than four times its weekly average trading volumes. Gujarat Alkalies & Chemicals, La Opala RG, KEC International, and Hindustan Zinc are trading with more than two times their weekly average trading volumes.

• Paytm ties up with PMS Bazaar to launch portfolio management services. PMS Bazaar focuses on providing investment strategies which entails 95% of funds primarily being invested in equity.

• Angel One is rising as its November client base increases 146.2% YoY to 73.2 lakh. The average daily turnover rises 219.3% YoY to Rs 72,170 crore, and retail turnover market share by 560 bps YoY to 21%.

• Hindustan Zinc's board will meet on Tuesday to mull over an interim dividend to shareholders. The record date for eligibility is December 15, 2021.

• Bharat Dynamics surges after it inks a contract with the Indian Army worth Rs 471.41 crore for refurbishment of IGLA - 1M missiles.

• Marina IV (Singapore) PTE sells 54.4 lakh shares (0.7% stake) of Redington (India) in a bulk deal on Thursday.

• Maruti Suzuki plans to hike prices from January 2022 to counteract the impact of rising input costs. The company’s production output fell in Q2FY22 but the management is positive on increasing production capacity by 80%-85% in December 2021.

• Gloom in markets in today's trading. Nifty 50 closed at 17,196.70 (-205.0, -1.2%) , BSE Sensex closed at 57,696.46 (-764.8, -1.3%) while the broader Nifty 500 closed at 14,856.30 (-117.7, -0.8%)

• Market breadth is in the green. Of the 1,816 stocks traded today, 945 showed gains, and 820 showed losses.

Riding High:

Largecap and midcap gainers today include Vodafone Idea Ltd. (14.45, 12.89%), Aditya Birla Capital Ltd. (116.50, 4.72%) and Indian Hotels Company Ltd. (192.30, 4.40%).

Downers:

Largecap and midcap losers today include Rajesh Exports Ltd. (747.05, -4.26%), Power Grid Corporation of India Ltd. (206.10, -3.92%) and Adani Total Gas Ltd. (1,592.75, -3.92%).

Movers and Shakers

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

Top high volume gainers on BSE included Gujarat Alkalies & Chemicals Ltd. (650.90, 7.64%), La Opala RG Ltd. (366.65, 7.00%) and Amber Enterprises India Ltd. (3,248.15, 6.96%).

Top high volume losers on BSE were IFCI Ltd. (13.65, -4.55%), Gillette India Ltd. (5,390.15, -2.57%) and KEC International Ltd. (431.35, -0.27%).

Ashoka Buildcon Ltd. (100.40, 3.99%) was trading at 5.3 times of weekly average. Dish TV India Ltd. (19.30, 4.89%) and Uflex Ltd. (516.40, 2.78%) were trading with volumes 5.2 and 4.1 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

8 stocks overperformed with 52 week highs, while 1 stock hit their 52 week lows.

Stocks touching their year highs included - Bajaj Holdings & Investment Ltd. (5,423.70, 1.43%), Vodafone Idea Ltd. (14.45, 12.89%) and La Opala RG Ltd. (366.65, 7.00%).

Stock making new 52 weeks lows included - Gillette India Ltd. (5,390.15, -2.57%).

27 stocks climbed above their 200 day SMA including Amber Enterprises India Ltd. (3,248.15, 6.96%) and Aditya Birla Capital Ltd. (116.50, 4.72%). 10 stocks slipped below their 200 SMA including Ratnamani Metals & Tubes Ltd. (2,042.05, -3.60%) and KRBL Ltd. (236.40, -2.41%).

• ICICI Securities maintains a 'Sell' rating on JSW Energy but raises its target price by 4% to Rs 156 on plans of reorganising the company's renewable and thermal power businesses. The brokerage raises its target price as the renewable energy business has better prospects going forward.

• Larsen & Toubro and ReNew Power ink a deal to jointly develop, own, execute and operate green hydrogen projects in India. The duo will also develop competitive end-to-end solutions in the space to help industries meet their fuel demand as government moves to transition towards greener fuels.

• Tata Teleservices (Maharashtra), Bayer Cropscience, IIFL Finance, and AIA Engineering are trading with higher volumes than Wednesday.

• Star Health and Allied Insurance Company’s Rs 7,249-crore IPO gets bids for 79% of the available 4.49 crore shares on offer on the third day of bidding till now. Retail investors quota of 45 lakh shares was fully subscribed. The offer comprises a fresh issue of Rs 2,000 crore and an offer for sale of upto Rs 5,249 crore.

• Dish TV India is rising after reports emerged that Bharti Airtel is looking to buy a majority stake in the company. Bharti Airtel will offer Rs 20 per share to buy the majority stake.

• Gujarat Fluorochemicals is trading with more than six times its weekly average trading volumes, while Bayer Cropscience, Mahindra Logistics, Gujarat Pipavav Port, and Venky's (India) are trading with over three times their weekly average volumes.

• HWIC Asia Fund, an affiliate of Fairfax Financial Holdings, sells a 3.2% stake in IIFL Finance (1.21 crore shares) for Rs. 365 crore through a bulk deal. This brings the fund's shareholding in the company down to 4.28%. In another bulk deal, Smallcap World Fund Inc buys an additional 2.64% stake or 1 crore shares in the company at Rs 300 apiece. This takes Smallcap World Fund's stake up to 4.24%

• Mahindra Logistics is rising after it announces a long-term lease agreement with LOGOS. LOGOS will develop three grade-A warehouse facilities at Luhari Logistics Estate in Delhi NCR with an area of 1.4 million square feet, making it the largest warehouse in the country.

• Somany Home Innovation's promoter Rajendra Kumar Somany and promoter entity Somany Impresa together buy 0.21% stake in the company in the open market. This takes the promoter shareholding to 51.32%

• Coal India's November production rises 4.1% YoY to 53.8 million tonnes. The offtake of coal rises 10.8% to 56.8 million tons during the month.

• JMC Projects is rising after it gets orders worth Rs 1,795 crore, which includes a Rs 1,085 crore water supply project and a Rs 710 crore buildings and factories project.

• Hero MotoCorp's November 2021 wholesales fall 41% YoY to 3.5 lakh units. Motorcycle wholesales fall to 3.3 lakh units (vs 5.4 lakh units YoY) and scooter wholesales to 20,208 units (vs 49,654 units YoY). The delay in harvesting due to late withdrawal of monsoon impacted demand post the festive season.

• Ahead of its Rs 660-crore IPO, Anand Rathi Wealth raises Rs 194 core from investors by selling 35.25 lakh shares at Rs 550 apiece to 12 anchor investors, including SBI Mutual Fund, ICICI Prudential Mutual Fund, DSP Mutual Fund, Kotak Mutual Fund, Nippon India Mutual Fund, among others.

• Upbeat trading today. Nifty 50 closed at 17401.65 (234.8, 1.4%) , BSE Sensex closed at 58461.29 (776.5, 1.4%) while the broader Nifty 500 closed at 14973.95 (189.3, 1.3%)

• Market breadth is surging up. Of the 1815 stocks traded today, 1268 were on the uptick, and 502 were down.

Riding High:

Largecap and midcap gainers today include GMR Infrastructure (41.30, 7.41%), JSW Energy (316.65, 4.97%) and Adani Transmission (1885.20, 4.90%).

Downers:

Largecap and midcap losers today include Vedanta (337.90, -2.69%), Indus Towers (278.80, -1.97%) and Pfizer (4934.40, -1.77%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included IFCI (14.30, 19.67%), Greaves Cotton (158.75, 12.75%) and Gujarat Fluorochemicals (2315.35, 12.40%).

Dish TV India (18.40, 4.84%) was trading at 5.2 times of weekly average. Gujarat Pipavav Port (99.80, 1.17%) and Venky's (India) (2660.05, 6.29%) were trading with volumes 5.2 and 5.1 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

10 stocks took off, crossing 52-week highs, while 1 stock hit their 52-week lows.

Stocks touching their year highs included - Bajaj Holdings & Investment (5347.00, 3.10%), BEML (1893.85, 2.12%) and Power Grid Corporation of India (214.50, 3.52%).

Stock making new 52 weeks lows included - Hero MotoCorp (2472.70, 1.00%).

27 stocks climbed above their 200 day SMA including IFCI (14.30, 19.67%) and Greaves Cotton (158.75, 12.75%). Dalmia Bharat (1848.45, 0.56%) slipped below its 200 SMA.

Trendlyne Analysis

Upbeat trading today. Nifty 50 closed at 17166.90 (183.7, 1.1%) , BSE Sensex closed at 57,684.79 (619.9, 1.1%) while the broader Nifty 500 closed at 14,784.70 (136.4, 0.9%)

Market breadth is in the green. Of the 1,817 stocks traded today, 1,053 were on the uptrend, and 727 went down.

• Grindwell Norton, Bayer Cropscience, Solar Industries India and GlaxoSmithKline Pharmaceuticals are trading with higher delivery volumes as compared to Tuesday

• Maruti Suzuki expects its December production at its Haryana and Suzuki's Gujarat plants to be hit by 15-20% due to shortage of semiconductor chips.

• Escorts November wholesales fall 30% YoY to 7,116 units as domestic tractor sales fall 30% to 6,492 units. The delayed harvest of kharif crops owing to late monsoon rains this year impacted demand for its products

• Star Health and Allied Insurance Company’s Rs 7,249-crore IPO gets bids for 15% of the available 4.49 crore shares on offer on the second day of bidding. Retail investors bid for over 79% of their quota of 45 lakh shares. The offer comprises a fresh issue of Rs 2,000 crore and an offer for sale of upto Rs 5,249 crore

• Bajaj Auto's Novemeber wholesales fall 10% YoY to 3,79,276 units. Two-wheeler wholesales fell 23% to 1,49,953 units and three-wheeler 10% to 40,803 units.

• National Fertilisers is trading with more than five times its weekly average trading volume. Ingersoll-Rand and Spandana Sphoorty Financial are trading at more than four times their weekly average trading volumes.

• Tega Industries raises Rs 186 crore from from the anchor investors at Rs 453 per share ahead of its IPO today. The investors include Goldman Sachs Funds, Ashoka India Equity Investment Trust Plc, Kuber India Fund, SBI Mutual Fund (MF), ICICI Prudential, among others.

• Fertiliser stocks like Rashtriya Chemicals and Fertilizers, Chambal Fertilsers & Chemicals, National Fertilizers and Madras Fertilizers surge in trade. Reports suggest the government will double FY22 fertiliser subsidy to Rs 1.55 lakh crore to avoid shortages amid a sharp rise in global prices.

• Integrated Core Strategies' Asia Fund sells 3.28 crore shares or 1% stake in Tata Power at an average price of Rs 216.48

• PB Fintech's arm Docprime to invest an additional Rs 10.8 crore in Visit Health, a health care and wellness firm. This is in addition to its Rs 56.1 crore investment in October 2021. After the latest transaction, Docprime will hold 30.46% in Visit Health on a fully diluted basis.

• Integrated Core Strategies' Asia Fund sells 16.21 lakh shares or 1% stake in MindTree at an average price of Rs 4,318.8

• NMDC slashes the prices of lump ore by Rs 750 to Rs 5,200 per tonne and fines by Rs 200 to Rs 4,560 per tonne. This is likely to impact the realisations of the iron ore producer

Riding High:

Largecap and midcap gainers today include Vodafone Idea Ltd. (12.80, 15.84%), Supreme Industries Ltd. (2315.55, 6.78%) and IndusInd Bank Ltd. (933.65, 5.74%).

Downers:

Largecap and midcap losers today include Cipla Ltd. (928.15, -4.44%), Glenmark Pharmaceuticals Ltd. (501.45, -4.27%) and Alkem Laboratories Ltd. (3440.90, -4.25%).

Volume Rockets

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

Top high volume gainers on BSE included Spandana Sphoorty Financial Ltd. (472.00, 18.80%), Chambal Fertilisers & Chemicals Ltd. (397.35, 9.16%) and Just Dial Ltd. (690.25, 5.61%).

Top high volume losers on BSE were Emami Ltd. (514.35, -2.41%), 3M India Ltd. (24745.30, -1.15%) and VST Industries Ltd. (3113.75, -0.25%).

Eris Lifesciences Ltd. (732.60, 1.81%) was trading at 7.0 times of weekly average. Gujarat Narmada Valley Fertilizers & Chemicals Ltd. (425.75, 0.24%) and IIFL Finance Ltd. (316.50, 2.26%) were trading with volumes 4.8 and 3.9 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

5 stocks hit their 52 week highs, while 5 stocks tanked below their 52 week lows.

Stocks touching their year highs included - Bajaj Holdings & Investment Ltd. (5186.45, 2.95%), Rajesh Exports Ltd. (759.35, -0.79%) and KEI Industries Ltd. (1134.50, 2.68%).

Stocks making new 52 weeks lows included - Bajaj Consumer Care Ltd. (180.40, -1.42%) and CreditAccess Grameen Ltd. (511.70, 1.66%).

19 stocks climbed above their 200 day SMA including Indiabulls Housing Finance Ltd. (250.50, 9.39%) and Jai Corp Ltd. (122.30, 5.16%). 9 stocks slipped below their 200 SMA including Nilkamal Ltd. (2291.95, -3.31%) and Dalmia Bharat Ltd. (1838.10, -1.88%).

Trendlyne Analysis

Nifty 50 closed at 16,983.20 (-70.8, -0.4%) , BSE Sensexclosed at 57,064.87 (-195.7, -0.3%) while the broader Nifty 500 closed at 14,648.35 (-8.1, -0.1%)

Market breadth is in the green. Of the 1,824 stocks traded today, 1,014 were on the uptrend, and 756 went down

• PNB Housing Finance, Tube Investments of India, Bajaj Holdings and Investment and Crisil are trading with higher delivery volumes as compared to Monday

• Axis Securities maintains a 'BUY' rating on Cyient due to increasing demand for digital transformation services but reduces its target price to Rs. 1200 from Rs. 1300. The company reported robust broad-based growth in Q2 FY22.

• Indian Railway Catering and Tourism Corp (IRCTC) is rising after it inks a deal with redBus for rail ticketing. redBus is planning to launch a new rail booking service called redRail with IRCTC as an authorised partner

• Ratnamani Metals and Tubes is rising as the company gets a new domestic order of Rs. 298 Crore from the oil and gas sector which will be executed between February 2022 and January 2023

• Star Health and Allied Insurance Company’s Rs 7,249-crore IPO gets bids for over 0.08 times the available 4.49 crore shares on offer on the first day of bidding. Retail investors bid for over 0.47 times their quota of 45 lakh shares. The offer comprises a fresh issue of Rs 2,000 crore and an offer for sale of Rs 5,249 crore

• Ratnamani Metals is trading with more than six times its weekly average trading volume. Shriram City Union Finance and The Fertilisers and Chemicals Travancore are trading at more than four times their weekly average trading volumes.

• ICICI Securities upgrades Reliance Industries' rating to 'BUY' from 'HOLD' after its telecom arm Reliance Jio announces 20%+ tariff hikes for prepaid plans. RIL's stock has corrected around 9% in the last 1.5 months.

• ICRA upgrades DLF's credit rating to AA- with 'Stable' outlook from A+ with 'Positive' outlook as its sales bookings grow 77% YoY in Q2FY22, cash collections improve and net debt reduces by Rs 900 crore in H1FY2

• The Reserve Bank of India supersedes Reliance Capital's board. The company incurred losses in the last four years, reporting a cumulative net loss of nearly Rs 19,000 crore. The stock hit the lower circuit during trade.

• Coal India approves an interim dividend of Rs 9 per share. The total dividend outgo for the company will be Rs 5,546 crore out of which Government of India will receive Rs 3,667 crore in its kitty. The record date is December 7, 2021

• Go Fashions' shares list at a 90% premium to the issue price of Rs 690 on their debut on the bourses. The issue was subscribed over 135 times on back of oversubscription of 50 times in the retail quota and 262 times in the non institutional investors quota

• Star Health and Allied Insurance Company raises Rs 3,217 crore from anchor investors including the Monetary Authority of Singapore, Government of Singapore, Abu Dhabi Investment Authority, Morgan Stanley Asia, BNP Paribas Arbitrage, Societe Generale, SBI Life Insurance Company, HDFC Life Insurance Company and Edelweiss Mutual Fund

Riding High:

Largecap and midcap gainers today include Rajesh Exports Ltd. (765.40, 8.21%), Relaxo Footwears Ltd. (1294.65, 5.67%) and Thermax Ltd. (1753.50, 4.69%).

Downers:

Largecap and midcap losers today include Adani Transmission Ltd. (1799.50, -5.00%), Adani Green Energy Ltd. (1295.40, -4.24%) and Tata Steel Ltd. (1071.20, -3.91%).

Movers and Shakers

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

Top high volume gainers on BSE included Sonata Software Ltd. (914.25, 16.34%), Shriram City Union Finance Ltd. (2225.95, 14.72%) and Brigade Enterprises Ltd. (502.45, 11.16%).

Top high volume losers on BSE were DCB Bank Ltd. (82.05, -7.08%), Gulf Oil Lubricants India Ltd. (512.30, -6.36%) and Adani Transmission Ltd. (1799.50, -5.00%).

REC Ltd. (134.55, 4.38%) was trading at 18.5 times of weekly average. ABB Power Products and Systems India Ltd. (2646.25, 9.44%) and MphasiS Ltd. (2895.15, -3.12%) were trading with volumes 13.6 and 12.2 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 9 stocks hit their 52 week lows.

Stocks touching their year highs included - Raymond Ltd. (641.05, -2.54%), Timken India Ltd. (2020.90, 11.11%) and Orient Electric Ltd. (388.85, 10.86%).

Stocks making new 52 weeks lows included - Bajaj Consumer Care Ltd. (183.00, -0.60%) and Bombay Burmah Trading Corporation Ltd. (993.75, -2.41%).

25 stocks climbed above their 200 day SMA including PNC Infratech Ltd. (307.40, 7.75%) and Sumitomo Chemical India Ltd. (371.65, 5.90%). 12 stocks slipped below their 200 SMA including IDFC Ltd. (50.20, -3.74%) and Amber Enterprises India Ltd. (3029.45, -3.45%).

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 500closed 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%).

Trendlyne Analysis

Gloom in markets in today's trading. Nifty 50 closed at 17,026.45 (-509.8, -2.9%) , BSE Sensex closed at 57,107.15 (-1,687.9, -2.9%) while the broader Nifty 500 closed at 14,707.20 (-443.4, -2.9%).

Market breadth is highly negative. Of the 1,824 stocks traded today, 336 were gainers and 1,463 were losers.

• Procter & Gamble Hygiene & Healthcare, Endurance Technologies, AIA Engineering, and Bayer Cropscience are trading with lower delivery volumes as compared to Thursday.

• Diagnostic service companies are up with stocks like Dr. Lal Pathlabs, Metropolis Healthcare, Thyrocare Technologies, Jeevan Scientific Technology, and Medinova Diagnostic Services trading higher.

• Realty stocks are falling with stocks like DLF, Godrej Properties, Pheonix Mills and Oberoi Realty in the red. The broader sectoral index Nifty Realty is also trading lower.

• Nifty Pharma is trading higher as Covid cases surge in US and Europe. Pharma stocks are trading up with stocks like Pfizer, Dr. Reddy’s Laboratories, Alkem Laboratories, Cipla, and Alembic Pharmaceuticals trading higher.

• Sharekhan maintains a 'BUY' rating on APL Apollo Tubes on the back of expected sales volume growth of 20% and PAT growth of 35%+ in the next 2 years. The brokerage expects a target price upside of 19%

• Capital Group's American Funds Fundamental Investors picks up 26.27 lakh shares or 1.8% stake in SIS at an average price of Rs 535.

• Tarson Products' shares list at 6% premium to its issue price of Rs 662 on their debut on the bourses. The issue was subscribed over 77 times as the retail quota got bids for 11 times and non institutional quota got bid for 185 times their quota.

• JSW Energy’s board approves re-organisation of the company’s green (renewable) business and grey (thermal) business. All renewable businesses will be taken under ‘JSW Energy Neo Ltd.’- a wholly owned subsidiary of the company. As part of the reorganisation, 100% equity shares of JSW Future Energy’s will be transferred to JSW Energy Neo.

• Societe Generale and BNP Paribas offload 27.4 lakh shares and 23.5 lakh shares, respectively, of Indiabulls Housing Finance in a bulk deal on Thursday. Societe Generale sold 0.6% stake, whereas BNP Paribas divested 0.5% stake in the company.

• Indian markets slumped today.Nifty 50was trading at 17,295.65 (-240.6, -1.4%) , BSE Sensex was trading at 58,052.69 (-742.4, -1.3%) while the broader Nifty 500 was trading at 14,970.40 (-180.2, -1.2%)

• Market breadth is moving down. Of the 1,749 stocks traded today, 459 were in the positive territory and 1,250 were negative.

Riding High:

Largecap and midcap gainers today include Cipla Ltd. (966.70, 7.42%), Alkem Laboratories Ltd. (3,562.90, 6.84%) and Dr. Lal Pathlabs Ltd. (3,657.10, 6.82%).

Downers:

Largecap and midcap losers today include Indian Hotels Company Ltd. (182.05, -11.43%), Bandhan Bank Ltd. (282.65, -10.28%) and InterGlobe Aviation Ltd. (1,888.10, -8.86%).

Volume Rockets

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

Top high volume gainers on BSE included Indiabulls Housing Finance Ltd. (246.55, 8.78%), Cipla Ltd. (966.70, 7.42%) and Solara Active Pharma Sciences Ltd. (1,164.05, 7.39%).

Top high volume losers on BSE were Indian Hotels Company Ltd. (182.05, -11.43%), PVR Ltd. (1391.00, -10.89%) and Bandhan Bank Ltd. (282.65, -10.28%).

AstraZeneca Pharma India Ltd. (3,180.85, 4.74%) was trading at 20.1 times of weekly average. Pfizer Ltd. (5131.75, 4.82%) and BEML Ltd. (1657.85, 2.39%) were trading with volumes 9.6 and 9.4 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

10 stocks took off, crossing 52 week highs, while 8 stocks hit their 52 week lows.

Stocks touching their year highs included - Adani Transmission Ltd. (1,993.85, -1.76%), Apollo Hospitals Enterprise Ltd. (5,687.60, -0.24%) and BEML Ltd. (1,657.85, 2.39%).

Stocks making new 52 weeks lows included - Bombay Burmah Trading Corporation Ltd. (1,037.60, -3.61%) and Hero MotoCorp Ltd. (2,529.40, -2.52%).

13 stocks climbed above their 200 day SMA including Indiabulls Housing Finance Ltd. (246.55, 8.78%) and Cipla Ltd. (966.70, 7.42%). 32 stocks slipped below their 200 SMA including PVR Ltd. (1,391.00, -10.89%) and Bandhan Bank Ltd. (282.65, -10.28%).