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Nifty 50 closed at 17,711.30 (-37.3, -0.2%) , BSE Sensex closed at 59,413.27 (-254.3, -0.4%) while the broader Nifty 500 closed at 15,086.95 (-8.7, -0.1%)

Market breadth is in the green. Of the 1787 stocks traded today, 985 were in the positive territory and 731 were negative.

• Sundaram Clayton, Sundram Fasteners, Carborundum Universal, and Ratnamani Metals & Tubes are trading with higher delivery volumes compared to Tuesday.

• HDFC Bank issues 4 lakh credit cards in one month since the RBI allowed the private bank to resume credit card issuances on August 17.

• ICICI Direct maintains a 'Buy' rating on Bata India with a target price at an upside of 21% expecting the company to benefit from a recovery in footwear demand (80% of pre-Covid levels in September).

• Max Healthcare Institute is trading in the red with more than 148 times its weekly average trading volume. HDFC Asset Management Company, ABB Power Products and Systems India, and Karur Vysya Bank are trading with more than seven times their weekly average trading volume.

• Aditya Birla Sun Life AMC's Rs 2,768.2 crore IPO is subscribed by 96% of the shares on offer, with the retail portion receiving bids for 25% of the available quota on day 1 of the bidding process.

• Godrej Properties is rising as the realty company will redevelop a residential project of 16 lakh sq. feet in 7.5 acres of land in Wadala, Mumbai.

• Axis Securities maintains a 'Buy' rating on ICICI Securities with an 18% target price upside as the company strengthens its broking services for high net worth individuals.

• HDFC Asset Management Company is falling as reports suggest institutional investor Standard Life Investments will sell over 1 crore shares (5% stake) for an estimated Rs 3,042 crore in an open market transaction.

• Brigade Enterprises' promoter and whole-time director sell 1.2 lakh shares in the realty company for Rs 5.2 crore in two insider trades this week.

• Reports suggest private equity firm KKR will sell 6.3 crore shares (6.5% stake) of Max Healthcare Institute for Rs 2,200 crore in a bulk deal.

• Crisil upgrades its rating on Bharti Airtel's long term debt to "AA+" with a stable outlook stating that the telecom company's risk profile will improve following the rights issue.

• Aditya Birla Sun Life AMC raises Rs 788.9 crore from 50 anchor investors at Rs 712 per share ahead of its Rs 2,768.2 crore IPO. The investors include Morgan Stanley Asia, BNP Paribas, Societe Generale, HDFC Life Insurance Company among others.

• Markets opened on a low note. Nifty 50 was trading at 17,644.20 (-104.4, -0.6%) , BSE Sensex was trading at 59,225.45 (-442.2, -0.7%) while the broader Nifty 500 was trading at 15,021.15 (-74.5, -0.5%)

• Market breadth is in the red. Of the 1703 stocks traded today, 740 were on the uptick, and 876 were down.

Riding High:

Largecap and midcap gainers today include Oil India Ltd. (254.45, 9.09%), Tata Power Company Ltd. (151.60, 8.25%) and NTPC Ltd. (140.65, 6.59%).

Downers:

Largecap and midcap losers today include Abbott India Ltd. (19555.80, -6.93%), HDFC Asset Management Company Ltd. (2905.15, -5.50%) and Info Edge (India) Ltd. (6441.80, -4.64%).

Movers and Shakers

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

Top high volume gainers on BSE included PTC India Ltd. (111.55, 13.13%), Godfrey Phillips India Ltd. (1167.30, 10.24%) and Oil India Ltd. (254.45, 9.09%).

Top high volume losers on BSE were Computer Age Management Services Ltd. (3134.65, -9.28%), Abbott India Ltd. (19555.80, -6.93%) and HDFC Asset Management Company Ltd. (2905.15, -5.50%).

Max Healthcare Institute Ltd. (355.05, -3.96%) was trading at 152.0 times of weekly average. ABB Power Products and Systems India Ltd. (2410.35, 4.76%) and La Opala RG Ltd. (318.05, 6.26%) were trading with volumes 20.5 and 8.6 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

34 stocks took off, crossing 52 week highs,

Stocks touching their year highs included - Cipla Ltd. (987.60, 1.71%), Coal India Ltd. (185.70, 6.39%) and Delta Corp Ltd. (253.30, -1.67%).

8 stocks climbed above their 200 day SMA including Jindal Steel & Power Ltd. (382.50, 5.84%) and Union Bank of India (36.40, 4.00%). 6 stocks slipped below their 200 SMA including HDFC Asset Management Company Ltd. (2905.15, -5.50%) and Dhanuka Agritech Ltd. (817.30, -1.57%).

Markets closed on a low note. Nifty 50 closed at 17,748.60 (-106.5, -0.6%) , BSE Sensex closed at 59,667.60 (-410.3, -0.7%) while the broader Nifty 500 closed at 15,095.60 (-93.5, -0.6%)

Market breadth is in the red. Of the 1795 stocks traded today, 664 were in the positive territory and 1075 were negative.

• CreditAccess Grameen, Kansai Nerolac Paints, Prism Johnson, and Sharda Cropchem are trading with higher delivery volumes compared to Monday.

• ICICI Securities maintains a "Hold" rating on Ujjivan Small Finance Bank with a target price at a 2% downside due to the bank's improving collection efficiency in microfinance, personal loan, vehicle loan, and affordable housing segments.

• Anupam Rasayan India signs a letter of intent with a European customer to supply life science ingredients for Rs 145 crore. The agrochemical company listed on exchanges in March 2021.

• TTK Prestige, Triveni Turbine, and Asahi India Glass are trading with more than six times their weekly average trading volume.

• Sun Pharmaceutical Industries' promoter pledges 27.5 lakh shares (0.11% stake) worth Rs 211 crore. At the end of Q1FY22, 6.3% of promoters' shareholding was pledged.

• Reports suggest that Reliance Industries will invest $200-$250 million (Rs 1,470-1,846 crore) in mobile advertising company InMobi's content platform Glance.

• Bharat Petroleum Corporation's Chairman Arun Kumar Singh says the oil and gas company will invest Rs 1 lakh crore in the next five years to raise its petrochemical production capacity.

• Reports suggest that Maruti Suzuki, the largest domestic passenger vehicle maker, has told auto component suppliers to supply parts for 1.6-1.8 lakh cars and SUVs in October. In August 2021, the company's total wholesales were 1.3 lakh units, a 20% fall MoM.

• Housing Development Finance Corporation will raise Rs 6,000 crore through debt to provide long term liquidity.

• HDFC Securities maintains a "Buy" rating on Max Healthcare Institute with a target price at a 12.3% upside due to its expected expansion in the pathology diagnostic business through MaxLab.

• REC's shareholders approve a proposal to raise Rs 85,000 crore through debt. The state owned power company is looking to explore roads, railways, bridges, and port infrastructure projects.

• Whirlpool of India buys an additional 38% stake in kitchen appliances maker Elica PB India for $57 million (Rs 420 crore). The consumer electronics company now holds an 87% stake in Elica PB.

• Nifty 50 was trading at 17826.55 (-28.6, -0.2%) , BSE Sensex was trading at 59958.79 (-119.1, -0.2%) while the broader Nifty 500 was trading at 15162.35 (-26.7, -0.2%)

• Market breadth is in the green. Of the 1716 stocks traded today, 891 were gainers and 741 were losers.

Riding High:

Largecap and midcap gainers today include IDBI Bank Ltd. (44.70, 8.36%), Oil India Ltd. (233.25, 6.36%) and Bharat Heavy Electricals Ltd. (60.35, 5.97%).

Downers:

Largecap and midcap losers today include Oberoi Realty Ltd. (886.60, -6.56%), Gland Pharma Ltd. (3677.60, -4.38%) and Zee Entertainment Enterprises Ltd. (309.15, -4.07%).

Volume Shockers

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

Top high volume gainers on BSE included Future Consumer Ltd. (8.00, 12.68%), Future Retail Ltd. (51.75, 9.99%) and IDBI Bank Ltd. (44.70, 8.36%).

Top high volume losers on BSE were Gland Pharma Ltd. (3677.60, -4.38%), Divi's Laboratories Ltd. (4784.05, -3.01%) and Carborundum Universal Ltd. (865.75, -1.14%).

Triveni Turbine Ltd. (141.95, 6.49%) was trading at 25.0 times of weekly average. IFCI Ltd. (13.60, 7.51%) and TTK Prestige Ltd. (8847.25, -0.29%) were trading with volumes 11.6 and 9.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

34 stocks hit their 52 week highs,

Stocks touching their year highs included - Allcargo Logistics Ltd. (260.35, 0.44%), Bharat Electronics Ltd. (210.35, 3.11%) and Indus Towers Ltd. (320.15, 1.94%).

12 stocks climbed above their 200 day SMA including Future Consumer Ltd. (8.00, 12.68%) and Gujarat Pipavav Port Ltd. (103.80, 3.80%). 7 stocks slipped below their 200 SMA including AIA Engineering Ltd. (1921.95, -2.93%) and Indiabulls Housing Finance Ltd. (226.40, -2.83%).

Nifty 50 closed at 17,855.10 (1.9, 0.0%) , BSE Sensex closed at 60,077.88 (29.4, 0.1%) while the broader Nifty 500 closed at 15,189.05 (-2.9, -0.0%)

Market breadth is in the red. Of the 1818 stocks traded today, 752 were in the positive territory and 995 were negative.

• Torrent Pharmaceuticals, Tata Communications, Zensar Technologies, and Route Mobile are trading with higher delivery volumes compared to Friday.

• Axis Securities maintains a 'Buy' rating on Can Fin Homes with a target price at a 23% upside due to the housing finance company's strong asset quality (gross NPAs are less than 1% of total assets).

• TCNS Clothing Co. is trading in the green with seven times its weekly average trading volume, BSE, MMTC, and SKF India are trading with more than four times their weekly average trading volume.

• EIH, Chalet Hotels, Indian Hotels Company, and Taj GVK Hotels & Resorts are rising due to a pick up in travel as the economy opens up.

• PSP Projects' industrial engineering segment wins orders worth Rs 421 crore in Gujarat. This is the second order win in September, taking the company's total order inflows to Rs 553 crore.

• HDFC Bank plans to double its rural reach by expanding its services to 2 lakh villages in the next two years.

• Axis Bank is rising as Societe Generale buys 32 lakh shares in the private bank for Rs 255 crore in a bulk deal on Friday.

• Reliance Infrastructure is rising as the power company will raise $100 million (Rs 750 crore) through convertible debt securities. In July, the company raised Rs Rs 550 crore through a preferential allotment of 8.8 crore equity shares.

• Motilal Oswal maintains a 'Buy' rating on United Spirits with an 18% target price upside stating that the company recovered swiftly after the second Covid-19 wave as 70% of liquor outlets were operational as of August.

• Balkrishna Industries will raise Rs 1,000 crore through debt. Earlier this month, the tyre maker said it would spend Rs 1,000 crore to expand capacity at its Maharashtra manufacturing plant.

• NBCC is rising as it wins an engineering, procurement, and construction (EPC) order worth Rs 968 crore for a social housing project in the Maldives.

• PVR and Inox Leisure are rising as the Maharashtra government announces that theatres in the state will reopen on October 22.

• Zee Entertainment Enterprises' largest shareholder Invesco Fund urges the company to conduct an extraordinary general meeting (EGM) before completing its merger with Sony Pictures Networks India.

• Upbeat trading today, as Nifty 50 was trading at 17,907.90 (54.7, 0.3%) , BSE Sensex was trading at 60,351.59 (303.1, 0.5%) while the broader Nifty 500 was trading at 15,223.90 (32.0, 0.2%)

• Market breadth is in the green. Of the 1741 stocks traded today, 1095 were gainers and 555 were losers.

Riding High:

Largecap and midcap gainers today include Tata Motors Limited (DVR) (172.25, 6.79%), Maruti Suzuki India Ltd. (7403.45, 6.49%) and IDBI Bank Ltd. (41.25, 6.31%).

Downers:

Largecap and midcap losers today include MindTree Ltd. (4347.25, -5.52%), HCL Technologies Ltd. (1295.20, -4.64%) and Larsen & Toubro Infotech Ltd. (5980.20, -4.03%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included EIH Ltd. (140.95, 12.04%), Chalet Hotels Ltd. (239.35, 10.53%) and Sterling and Wilson Solar Ltd. (387.35, 9.04%).

Top high volume losers on BSE were Metropolis Healthcare Ltd. (2945.65, -3.59%), APL Apollo Tubes Ltd. (868.85, -2.83%) and JK Paper Ltd. (232.50, -1.32%).

Equitas Small Finance Bank Ltd. (61.70, 4.14%) was trading at 25.8 times of weekly average. Gateway Distriparks Ltd. (229.75, -0.56%) and TCNS Clothing Co. Ltd. (646.20, 3.43%) were trading with volumes 11.8 and 8.9 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

33 stocks made 52 week highs,

Stocks touching their year highs included - Bajaj Holdings & Investment Ltd. (4993.10, 2.09%), Indus Towers Ltd. (314.05, -1.13%) and Blue Dart Express Ltd. (6435.05, -0.30%).

10 stocks climbed above their 200 day SMA including Maruti Suzuki India Ltd. (7403.45, 6.49%) and Au Small Finance Bank Ltd. (1124.20, 4.89%). 8 stocks slipped below their 200 SMA including Shriram Transport Finance Company Ltd. (1324.15, -2.33%) and Sanofi India Ltd. (7943.00, -1.87%).

Nifty 50 closed at 17,853.20 (30.3, 0.2%) , BSE Sensex closed at 60,048.47 (163.1, 0.3%) while the broader Nifty 500 closed at 15,191.95 (-13.5, -0.1%)

Market breadth is in the red. Of the 1799 stocks traded today, 590 were on the uptrend, and 1158 went down.

• Rashtriya Chemicals & Fertilizers, Chambal Fertilisers & Chemicals, Madras Fertilizers, and National Fertilizers trade higher as reports suggest the government will increase fertilizer subsidy by Rs 25,000 crore for FY22.

• Happiest Minds Technologies, Ratnamani Metals & Tubes, SJVN, and Equitas Holdings are trading with higher delivery volumes compared to Thursday.

• Ircon International is rising as the construction company wins orders worth Rs 2,400 crore to set up a 500 megawatt solar power plant.

• IIFL Finance plans to raise Rs 1,000 crore through debt to meet credit requirements and enhance its digital presence.

• ICICI Securities maintains a 'Buy' rating on CESC and a 'Reduce' rating on Torrent Power following Torrent Power's acquisition of CESC's 156 megawatt wind power plants for Rs 790 crore.

• Dilip Buildcon, Ircon International, Indo Count Industries, and Rashtriya Chemicals & Fertilizers are trading with more than three times their weekly average trading volume.

• GR Infraprojects wins an order worth Rs 927 crore from the National Highways Authority of India to develop a six lane highway in Punjab.

• KPR Mill is rising as the shares of the textile company turn ex-date following its 5:1 stock split on September 24.

• Axis Direct maintains a 'Buy' rating on Federal Bank with a 23% target price upside because of the company's focus on increasing credit card issuance, microfinance loans, and commercial vehicle financing.

• IndusInd Bank acquires 50 lakh shares (4.8% stake) in McLeod Russel India by invoking the tea manufacturer's pledged shares.

• TeamLease Services' promoter HR Offshoring Ventures sells 85,400 shares (0.5% stake) worth Rs 36.3 crore in an insider trade on Wednesday.

• PVR is falling as CRISIL Ratings downgrades the company's debt rating to "A+" from "AA-." The rating agency expects PVR's business to be negatively impacted due to poor content pipeline and capacity restrictions in Maharashtra.

• Sansera Engineering lists at Rs 811.5 per share, a 9% premium to the issue price of Rs 744 per share. The auto-components company's IPO was a complete offer for sale of Rs 1,293 crore.

• Mining company Vedanta will delist its American Depository Receipts (ADRs) from the New York Stock Exchange. The company's ADRs constitute 4% of its equity.

• Upbeat trading today, as Nifty 50 was trading at 17,909.95 (87, 0.5%) , BSE Sensex was trading at 60,182.86 (297.5, 0.5%) while the broader Nifty 500 was trading at 15,266.00 (60.6, 0.4%)

• Market breadth is ticking up strongly. Of the 1710 stocks traded today, 1119 were gainers and 510 were losers.

Riding High:

Largecap and midcap gainers today include Indus Towers Ltd. (317.65, 13.83%), Oberoi Realty Ltd. (932.00, 10.00%) and Vodafone Idea Ltd. (11.50, 9.00%).

Downers:

Largecap and midcap losers today include Apollo Hospitals Enterprise Ltd. (4731.80, -6.93%), Dr. Lal Pathlabs Ltd. (3889.65, -3.72%) and SBI Cards and Payment Services Ltd. (1011.20, -3.60%).

Volume Shockers

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

Top high volume gainers on BSE included Indus Towers Ltd. (317.65, 13.83%), Rashtriya Chemicals & Fertilizers Ltd. (82.50, 11.26%) and Chambal Fertilisers & Chemicals Ltd. (341.15, 11.23%).

Top high volume losers on BSE were Apollo Hospitals Enterprise Ltd. (4731.80, -6.93%), Shilpa Medicare Ltd. (559.25, -2.03%) and Bayer Cropscience Ltd. (5354.70, -0.93%).

Dilip Buildcon Ltd. (572.15, 3.27%) was trading at 6.5 times of weekly average. Cera Sanitaryware Ltd. (4990.40, 8.78%) and Kajaria Ceramics Ltd. (1242.15, 6.44%) were trading with volumes 6.3 and 6.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

48 stocks made 52 week highs,

Stocks touching their year highs included - Apollo Hospitals Enterprise Ltd. (4731.80, -6.93%), Asian Paints Ltd. (3448.60, 3.85%) and Bajaj Finserv Ltd. (18526.00, 0.12%).

10 stocks climbed above their 200 day SMA including Dilip Buildcon Ltd. (572.15, 3.27%) and Ircon International Ltd. (45.80, 2.81%). 10 stocks slipped below their 200 SMA including Housing and Urban Development Corporation Ltd. (44.70, -3.66%) and Jindal Steel & Power Ltd. (359.15, -3.23%).

Markets closed higher. Nifty 50 closed at 17,822.95 (276.3, 1.6%) , BSE Sensex closed at 59,885.36 (958.0, 1.6%) while the broader Nifty 500 closed at 15,205.45 (214.9, 1.4%)

Market breadth is in the green. Of the 1788 stocks traded today, 1073 were gainers and 652 were losers.

• eClerx Services, Heidelberg Cement India, TeamLease Services, and Kansai Nerolac Paints are trading with higher delivery volumes compared to Wednesday.

• Axis Direct maintains a 'Hold' rating on Abbott India with a target price at a 2.5% downside expecting its strong presence in the branded generics market to remain robust in FY22.

• Jindal Steel and Power wins a mining lease for the Kasia iron ore mine with a reserve of 278 million tonnes from the Odisha government.

• JBM Auto is rising as the auto components maker receives an order to supply parts for 500 CNG and electric buses from municipal bodies in Delhi, Bangalore, and Uttar Pradesh.

• Hemisphere Properties India, Welspun India, Raymond, and DLF are trading with more than three times their weekly average trading volume.

• Nifty Realty is trading higher led by gains in Godrej Properties, DLF, Oberoi Realty, and Phoenix Mills.

• Bharti Airtel's rights issue worth Rs 21,000 crore will open on October 5 and close on October 21 at an issue price of Rs 535 per share.

• Edelweiss maintains a 'Buy' on Tech Mahindra with a 14% target price upside as the IT services company's R&D lab (Makers Lab) has applied for a Covid-19 treatment drug patent. The management expects Makers Lab to generate revenues of over Rs 7,000 crore in the coming years.

• Sundaram Fasteners' Managing Director Arathi Krishna expects demand for auto-components to revive in Q3FY22 due to a recovery in domestic automobile sales.

• Bank of India plans to raise Rs 1,800 crore in debt to meet regulatory requirements and fuel business growth. In August, the public bank raised Rs 2,550 crore by issuing equity to institutional investors.

• Tejas Networks is rising as its partners with Bharti Airtel to expand the telecommunications company's 5G, broadband, and B2B services network in metro cities.

• Jubilant Ingrevia's wholly owned subsidiary Jubilant Life Sciences divests its entire 10% stake in Safe Foods Corporation for Rs 134 crore.

• IDFC's shareholders reject the decision to re-appoint Vinod Rai as a non-independent and non-executive director to the company's board.

• The market opened on an upbeat note. Nifty 50 was trading at 17,689.30 (142.7, 0.8%) , BSE Sensex was trading at 59,383.02 (455.7, 0.8%) while the broader Nifty 500 was trading at 15,119.30 (128.8, 0.9%)

• Market breadth is surging up. Of the 1698 stocks traded today, 1465 were on the uptick, and 176 were down.

Riding High:

Largecap and midcap gainers today include Oberoi Realty Ltd. (847.30, 12.87%), Godrej Properties Ltd. (2199.30, 12.72%) and DLF Ltd. (401.85, 8.89%).

Downers:

Largecap and midcap losers today include Zee Entertainment Enterprises Ltd. (318.20, -5.52%), ICICI Lombard General Insurance Company Ltd. (1576.75, -3.13%) and Endurance Technologies Ltd. (1562.40, -2.41%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Welspun India Ltd. (157.80, 13.36%), Oberoi Realty Ltd. (847.30, 12.87%) and Godrej Properties Ltd. (2199.30, 12.72%).

Top high volume loser on BSE was AIA Engineering Ltd. (2006.85, -0.94%).

Blue Star Ltd. (850.40, 0.05%) was trading at 28.4 times of weekly average. KRBL Ltd. (290.10, 6.36%) and Housing and Urban Development Corporation Ltd. (46.40, 7.04%) were trading with volumes 8.7 and 7.9 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

55 stocks made 52 week highs,

Stocks touching their year highs included - Allcargo Logistics Ltd. (257.60, -2.00%), Apollo Hospitals Enterprise Ltd. (5084.20, 3.66%) and Bajaj Finance Ltd. (7899.05, 1.35%).

21 stocks climbed above their 200 day SMA including Housing and Urban Development Corporation Ltd. (46.40, 7.04%) and Dilip Buildcon Ltd. (554.05, 6.76%). 2 stocks slipped below their 200 SMA including Coromandel International Ltd. (806.15, -1.54%) and Spicejet Ltd. (77.85, -0.45%).

• Gujarat Fluorochemicals, PNC Infratech, Rossari Biotech, and SBI Cards and Payment Services are trading with higher delivery volumes compared to Monday.

• Tata Motors will raise commercial vehicle prices by around 2% from October 1 because of rising input costs.

• Axis Securities maintains a 'Buy' rating on Camlin Fine Sciences with a 21% target price upside due to its high share of exports (87% of revenue) and planned capacity expansion in FY22.

• Paras Defence and Space Technologies' Rs 170.8 crore IPO is subscribed by 5 times of the shares on offer with the retail portion receiving bids for 10 times the available quota on day 1 of the bidding process.

• SpiceJet's shareholders approve the transfer of the airline operator's logistics business to SpiceXpress and Logistics for Rs 2,555 crore.

• SBI Cards and Payment Services is trading in the red with more than 32 times its weekly average trading volume. Godrej Properties, KEC International, and Inox Leisure are trading with more than three times their weekly average trading volume.

• HDFC Bank's head of retail assets Arvind Kapil said the private lender aims to double its retail loan book in FY22. At the end of Q1FY22, the bank's retail loan book was Rs 3.7 lakh crore, 32% of disbursed loans.

• Kitex Garments signs a memorandum of understanding with the Telangana State Government to invest Rs 2,400 crore for two industrial projects in the state.

• Rakesh Jhunjhunwala sells nearly 1 lakh shares (0.44% stake) in The Mandhana Retail Ventures in an open market transaction on Monday.

• Adani Ports & Special Economic Zone receives approval from the Competition Commission of India (CCI) for its acquisition of a 10.4% stake in the Gangavaram Port.

• HDFC Securities initiates coverage on newly listed cement maker Nuvoco Vistas Corporation with a 'Buy' rating and a 53% target price upside due to its leadership position in eastern states and its expansion into Karnataka.

• Paras Defence and Space Technologies raises Rs 51 crore from five anchor investors at Rs 175 per share ahead of its Rs 170.8 crore IPO.

• Reports suggest that the private equity firm Carlyle Group will sell nearly 3.2 crore shares (3.4% stake) in SBI Cards and Payment Services for Rs 3,267 crore.

• Nifty 50 was trading at 17,454.20 (57.3, 0.3%) , BSE Sensex was trading at 58,649.01 (158.1, 0.3%) while the broader Nifty 500 was trading at 14,850.70 (24.0, 0.2%)

• Market breadth is in the red. Of the 1701 stocks traded today, 667 were on the uptrend, and 947 went down.

Riding High:

Largecap and midcap gainers today include Oil India Ltd. (208.90, 7.05%), IDBI Bank Ltd. (39.15, 5.95%) and JSW Steel Ltd. (668.95, 5.65%).

Downers:

Largecap and midcap losers today include Adani Transmission Ltd. (1642.90, -5.00%), The New India Assurance Company Ltd. (163.60, -3.40%) and Dalmia Bharat Ltd. (2157.05, -2.90%).

Movers and Shakers

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

Top high volume gainers on BSE included Brigade Enterprises Ltd. (401.20, 9.24%), Himadri Speciality Chemical Ltd. (53.00, 9.17%) and Gujarat Narmada Valley Fertilizers & Chemicals Ltd. (383.00, 7.81%).

Top high volume loser on BSE was SBI Cards and Payment Services Ltd. (1069.90, -0.22%).

Varun Beverages Ltd. (918.30, 4.79%) was trading at 7.3 times of weekly average. Godrej Properties Ltd. (1723.65, 4.78%) and Prestige Estates Projects Ltd. (418.85, 5.80%) were trading with volumes 6.5 and 5.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

15 stocks overperformed with 52 week highs,

Stocks touching their year highs included - Allcargo Logistics Ltd. (255.20, 4.46%), Bajaj Finance Ltd. (7813.85, 4.99%) and Bajaj Finserv Ltd. (17587.25, 3.34%).

5 stocks climbed above their 200 day SMA including Jindal Steel & Power Ltd. (361.60, 2.99%) and Gujarat Pipavav Port Ltd. (101.95, 2.05%). 18 stocks slipped below their 200 SMA including Indiabulls Housing Finance Ltd. (208.45, -3.32%) and Balmer Lawrie & Company Ltd. (129.65, -2.34%).