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Nifty 50 closed at 17369.25 (15.8, 0.1%) , BSE Sensex closed at 58305.07 (54.8, 0.1%) while the broader Nifty 500 closed at 14836.45 (32.9, 0.2%)

Market breadth is in the green. Of the 1784 stocks traded today, 944 were gainers and 768 were losers.

• Phoenix Mills, Sharda Cropchem, Emami, and Tata Consultancy Services are trading with higher delivery volumes compared to Wednesday.

• Adani Ports & Special Economic Zone's promoters revoke 6 lakh pledged shares worth Rs 44.8 crore on Wednesday.

• Alkyl Amines Chemicals' Managing Director Yogesh Kothari sells over 1 lakh shares in the company for Rs 42 crore in three insider trades on Tuesday.

• UCO Bank is trading in the green with more than 18 times its weekly average trading volume. Chalet Hotels, Westlife Development, Gillette India, and SBI Life Insurance Company are trading with more than six times their weekly average trading volume.

• ICICI Securities maintains a 'Buy' rating on Info Edge (India) with a 30% target price upside expecting volumes of 99 Acres and Jeevansathi to grow for the rest of 2021.

• Greaves Cotton is trading higher as the engineering company announces its entry into the retail electric vehicle market under AutoEVMart, a marketplace for electric two-wheelers, three-wheelers, and accessories.

• UCO Bank is rising as the Reserve Bank of India removes the public bank from its prompt corrective action (PCA) list. The RBI put the bank on the PCA list and imposed lending curbs in May 2017.

• Hero MotoCorp's parent company Hero Motors Company expects to generate Rs 1,000 crore in revenues from exports due to demand for e-bikes, bicycles, and automotive components. The group expects to reach Rs 3,000 crore in export revenue by FY24.

• Reports suggest SBI Life Insurance Company's institutional investor Canada Pension Plan is looking to sell a 2% stake in the life insurer for Rs 2,440 crore.

• Oil And Natural Gas Corporation is rising as rating agency ICRA assigned a AAA credit rating to its long term debt worth Rs 7,500 crore.

• Axis Securities maintains a 'Hold' rating on Gland Pharma with a target price upside of 3% due to the pharma company's foray into contract manufacturing of biosimilars and peptides.

• Porinju Veliyath's Equity Intelligence India sells 7 lakh shares in Somany Home Innovation for Rs 25.5 crore in a bulk deal on Wednesday.

• Nifty 50 was trading at 17338.80 (-14.7, -0.1%) , BSE Sensex was trading at 58133.37 (-116.9, -0.2%) while the broader Nifty 500 was trading at 14803.85 (0.3, 0%)

• Market breadth is in the green. Of the 1676 stocks traded today, 1018 were on the uptick, and 571 were down.

Riding High:

Largecap and midcap gainers today include JSW Energy Ltd. (279.20, 4.98%), Adani Green Energy Ltd. (1215.95, 4.98%) and Adani Power Ltd. (102.55, 4.91%).

Downers:

Largecap and midcap losers today include SBI Life Insurance Company Ltd. (1173.20, -3.84%), ICICI Prudential Life Insurance Company Ltd. (696.70, -2.85%) and InterGlobe Aviation Ltd. (1911.60, -2.00%).

Volume Shockers

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

Top high volume gainers on BSE included Dish TV India Ltd. (17.90, 19.73%), Future Consumer Ltd. (8.05, 14.18%) and KPR Mill Ltd. (2280.70, 13.63%).

Top high volume losers on BSE were SBI Life Insurance Company Ltd. (1173.20, -3.84%), Westlife Development Ltd. (519.30, -0.96%) and Tanla Platforms Ltd. (878.10, -0.22%).

UCO Bank (14.20, 10.94%) was trading at 24.9 times of weekly average. Chalet Hotels Ltd. (186.10, 6.16%) and TTK Prestige Ltd. (9358.35, 7.95%) were trading with volumes 19.8 and 15.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

25 stocks made 52 week highs,

Stocks touching their year highs included - Abbott India Ltd. (20706.90, 3.56%), Adani Transmission Ltd. (1806.75, 4.23%) and Allcargo Logistics Ltd. (238.75, -2.13%).

15 stocks climbed above their 200 day SMA including Future Consumer Ltd. (8.05, 14.18%) and UCO Bank (14.20, 10.94%). 4 stocks slipped below their 200 SMA including CreditAccess Grameen Ltd. (689.95, -1.15%) and Hindustan Copper Ltd. (115.90, -0.90%).

Nifty 50 closed at 17,353.50 (-8.6, -0.1%) , BSE Sensex closed at 58,250.26 (-29.2, -0.1%) while the broader Nifty 500 closed at 14,803.60 (19.4, 0.1%)

Market breadth is in the green. Of the 1,778 stocks traded today, 935 were on the uptrend, and 768 went down.

• Elgi Equipments, AIA Engineering, Balrampur Chini Mills, and Gujarat Pipavav Port are trading with higher delivery volumes compared to Tuesday.

• Ramkrishna Forgings wins orders worth Rs 130 crore from a foreign automobile original equipment manufacturer for a three year period.

• Axis Direct maintains a 'Buy' rating on rubber chemicals maker NOCIL with a target price at an 11% upside expecting higher demand for tyres due to import restrictions.

• Life Insurance Corporation of India reduces its stake in ICRA to 5.8% from 7.9% selling over 2 lakh shares in the rating agency in an insider trade on Tuesday.

• Reports suggest Sterling and Wilson Solar's promoters are planning to sell part of their stake in the company to private equity funds and Indian conglomerates including the Adani Group and Reliance Industries.

• Info Edge (India), Ujjivan Financial Services, Quess Corp, and Symphony are trading with more than three times their weekly average trading volume.

• Cinema operators PVR and Inox Leisure appeal to the Maharashtra state government to reopen cinemas. The cinema industry faces a monthly loss of Rs 400 crore as cinemas in the state remain closed.

• ICICI Prudential Mutual Fund sells 1.5 lakh shares (0.1%) of Bajaj Consumer Care in an insider trade on Monday. The mutual fund now holds 56.5 lakh shares constituting a 3.8% stake in the FMCG company.

• PSP Projects' industrial engineering segment receives a letter of intent for an order worth Rs 132 crore in Gujarat.

• Cipla seeks permission from the National Pharmaceutical Pricing Authority to hike prices for its respiratory drugs due to rising input costs.

• Motilal Oswal maintains a 'Buy' rating on APL Apollo Tubes with a target price at an upside of 21% expecting demand for the company's steel tubes to rise because of higher consumption of steel by realty, infrastructure, and warehousing companies.

• Embassy Office Parks REIT raises debt worth Rs 300 crore to refinance existing debt and to complete a commercial real estate project in Bangalore.

• Sequoia Capital sells over 8 lakh shares of Stove Kraft for Rs 75.2 crore in a bulk deal on Tuesday. In another bulk deal on the same day, HSBC Global buys 5.3 lakh shares in the company for Rs 50 crore.

• Nifty 50 was trading at 17,336.85 (-25.3, -0.2%) , BSE Sensex was trading at 58,272.98 (-6.5, -0.0%) while the broader Nifty 500 was trading at 14,784.90 (0.7, 0%)

• Market breadth is in the green. Of the 1696 stocks traded today, 1059 were gainers and 564 were losers.

Riding High:

Largecap and midcap gainers today include Info Edge (India) Ltd. (6715.25, 8.60%), Oil India Ltd. (189.65, 5.10%) and Adani Power Ltd. (97.75, 4.99%).

Downers:

Largecap and midcap losers today include Vedanta Ltd. (298.95, -4.17%), Nestle India Ltd. (19839.60, -2.60%) and Vodafone Idea Ltd. (8.05, -2.42%).

Volume Rockets

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

Top high volume gainers on BSE included Info Edge (India) Ltd. (6715.25, 8.60%), VRL Logistics Ltd. (349.60, 8.50%) and KEI Industries Ltd. (825.90, 6.49%).

Top high volume loser on BSE was Mahindra CIE Automotive Ltd. (219.80, -1.77%).

Ujjivan Financial Services Ltd. (143.15, 3.92%) was trading at 8.6 times of weekly average. Quess Corp Ltd. (862.10, 3.71%) and Oil India Ltd. (189.65, 5.10%) were trading with volumes 5.4 and 4.9 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

31 stocks made 52 week highs, while 1 stock were underachiever and hit their 52 week lows.

Stocks touching their year highs included - Allcargo Logistics Ltd. (243.95, 5.38%), Bajaj Electricals Ltd. (1352.65, 0.83%) and Bharti Airtel Ltd. (667.85, -0.40%).

Stock making new 52 weeks lows included - Ujjivan Financial Services Ltd. (143.15, 3.92%).

15 stocks climbed above their 200 day SMA including Honeywell Automation India Ltd. (41510.20, 3.48%) and Kotak Mahindra Bank Ltd. (1815.35, 2.86%). 7 stocks slipped below their 200 SMA including Indus Towers Ltd. (235.85, -2.40%) and Infibeam Avenues Ltd. (43.80, -1.90%).

• Sundaram Clayton, Shoppers Stop, IIFL Wealth Management, and Kansai Nerolac Paints are trading with higher delivery volumes compared to Monday.

• Axis Direct maintains a 'Buy' rating on Credit Access Grameen with a target price at a 10% upside because of the microfinance company's 92% collection efficiency in August 2021 an improvement from 81% collection efficiency in June 2021.

• LIC Housing Finance partners with India Post Payments Bank (IPPB) to provide home loans to IPPB's 4.5 crore customers.

• HDFC Bank signs a memorandum of understanding with the National Small Industries Corporation to provide credit to micro, small and medium enterprises companies.

• Panacea Biotec is rising as the pharmaceutical company begins supplying 10 lakh doses of the Sputnik V Covid-19 vaccine.

• DishTV is trading with nine times the weekly average trading volume whereas Ujjivan Financial Services, Mahindra Holidays & Resorts India, and Johnson Controls-Hitachi Air Conditioning are trading with more than three times their weekly average trading volume.

• JSW Steel's crude steel output in August 2021 grows by 5% YoY to 13.7 lakh tonnes (LT) with an 8% decline in the production of flat-rolled products to 8.9 LT and a 30% increase in the production of long-rolled products to 3 LT.

• Motilal Oswal maintains a 'Neutral' rating on HDFC Life Insurance Company with a target price at an upside of 2% expecting the life insurer's agency channels to improve following the acquisition of Exide Life Insurance.

• State owner miner NMDC reduces prices of iron ore lumps and fines by Rs 1,000 a tonne to Rs 6,150 per tonne for lump ore and Rs 5,160 per tonne for fines.

• Infosys says the Rs 9,200 crore buyback programme which started on June 25 is close to completion. The IT services company's board of directors will meet on September 8 to consider closing the buyback programme.

• ICICI Direct maintains a 'Buy' rating on Adani Ports and Special Economic Zone with a 20% target price upside due to the port operator's aggressive expansion in warehousing to create an integrated logistics network.

• DishTV's shareholder Yes Bank (holding a 25.6% stake) asks the DTH company to remove five directors including Jawahar Lal Goel, the Managing Director of the company.

• Edelweiss Financial Services' raises Rs 400 crore through the issue of non-convertible debentures.

• Nuvoco Vistas Corporation's Q1FY22 revenues decline by 16.2% YoY to Rs 2,203 crore with a 3X jump in net profits to Rs 114.3 crore. The cement maker listed at a 17% discount to the issue price last month.

• Nifty 50 was trading at 17362.10 (-15.7, -0.1%) , BSE Sensex was trading at 58281.99 (-14.9, -0.0%) while the broader Nifty 500 was trading at 14792.15 (-13.7, -0.1%)

• Market breadth is holding steady. Of the 1681 stocks traded today, 809 were on the uptrend, and 810 went down.

Riding High:

Largecap and midcap gainers today include Vodafone Idea Ltd. (8.25, 13.79%), Indian Railway Catering & Tourism Corporation Ltd. (3286.90, 9.26%) and Indus Towers Ltd. (241.65, 7.95%).

Downers:

Largecap and midcap losers today include Adani Power Ltd. (93.10, -5.00%), Adani Total Gas Ltd. (1334.25, -5.00%) and Bank of India (57.95, -3.26%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Dish TV India Ltd. (15.55, 13.09%), Indian Railway Catering & Tourism Corporation Ltd. (3286.90, 9.26%) and Indus Towers Ltd. (241.65, 7.95%).

Top high volume losers on BSE were Ujjivan Financial Services Ltd. (137.75, -10.00%) and Solar Industries India Ltd. (1731.00, -1.56%).

Rail Vikas Nigam Ltd. (31.50, 7.33%) was trading at 5.2 times of weekly average. Mahindra Holidays & Resorts India Ltd. (339.25, 4.37%) and Johnson Controls-Hitachi Air Conditioning India Ltd. (2234.20, 0.81%) were trading with volumes 5.0 and 4.7 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

39 stocks overperformed with 52 week highs, while 2 stocks tanked below their 52 week lows.

Stocks touching their year highs included - Ambuja Cements Ltd. (441.50, 0.73%), Asian Paints Ltd. (3336.25, 0.62%) and Bajaj Electricals Ltd. (1341.45, 2.85%).

Stocks making new 52 weeks lows included - Ujjivan Financial Services Ltd. (137.75, -10.00%) and Varroc Engineering Ltd. (277.70, 1.26%).

14 stocks climbed above their 200 day SMA including Indus Towers Ltd. (241.65, 7.95%) and LIC Housing Finance Ltd. (423.95, 4.73%). 5 stocks slipped below their 200 SMA including Manappuram Finance Ltd. (163.90, -2.61%) and Exide Industries Ltd. (185.85, -1.46%).

Nifty 50 closed at 17,377.80 (54.2, 0.3%) , BSE Sensex closed at 58,296.91 (167.0, 0.3%) while the broader Nifty 500 closed at 14,805.85 (46.6, 0.3%)

Market breadth is horizontal. Of the 1,803 stocks traded today, 831 were on the uptrend, and 900 went down.

• Gujarat State Petronet, Shoppers Stop, Garware Technical Fibres, and VST Industries are trading with higher delivery volumes compared to Friday.

• Geojit BNP Paribas maintains a 'Buy' rating on Exide Industries with a target price upside of 24% expecting the company to focus on its core battery business after the sale of Exide Life Insurance.

• Sobha's Managing Director JC Sharma sells 30,000 shares worth Rs 2.2 crore in an insider trade on Friday.

• Jindal Steel and Power will complete the sale of its 96.4% stake in Jindal Power to Worldone for Rs 7,400 crore by December 2021.

• VA Tech Wabag receives an order worth $11.5 million (Rs 84 crore) from construction engineering company Dialog's E&C to build a sewage treatment plant in Malaysia.

• Barbeque-Nation Hospitality raises Rs 100 crore through the issue of preference shares to institutional investors. The investors include the Massachusetts Institute of Technology, Plan Associates, and Motilal Oswal Financial Services.

• Axis Securities maintains a 'Hold' rating on Shree Cements with a target price downside of 6% due to the high valuations of the stock. The cement company's TTM PE is 42.7 times.

• Asian Granito India's board of directors approve a rights issue worth Rs 225 crore during its meeting on September 4.

• Life Insurance Corporation of India purchases 15.9 crore shares (3.9% stake) of Bank of India through a qualified institutional placement on Thursday.

• Markets are up today morning. Nifty 50 was trading at 17415.20 (91.6, 0.5%) , BSE Sensex was trading at 58446.98 (317.0, 0.6%) while the broader Nifty 500 was trading at 14834.70 (75.4, 0.5%)

• Market breadth is ticking up strongly. Of the 1729 stocks traded today, 1177 were in the positive territory and 459 were negative.

Riding High:

Largecap and midcap gainers today include Oberoi Realty Ltd. (817.90, 7.26%), Indian Railway Catering & Tourism Corporation Ltd. (3008.40, 4.83%) and Wipro Ltd. (686.45, 4.79%).

Downers:

Largecap and midcap losers today include Adani Power Ltd. (98.00, -4.99%), Adani Total Gas Ltd. (1404.45, -4.94%) and ICICI Lombard General Insurance Company Ltd. (1563.35, -4.07%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Vakrangee Ltd. (44.45, 13.68%), Prestige Estates Projects Ltd. (479.45, 13.43%) and Caplin Point Laboratories Ltd. (838.80, 13.34%).

India Tourism Development Corporation Ltd. (393.15, 4.85%) was trading at 20.6 times of weekly average. Alok Industries Ltd. (24.35, 9.19%) and Sundram Fasteners Ltd. (862.85, 8.49%) were trading with volumes 12.0 and 10.3 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 - ACC Ltd. (2472.75, 0.15%), Adani Transmission Ltd. (1724.55, -1.48%) and Ambuja Cements Ltd. (438.30, 0.27%).

11 stocks climbed above their 200 day SMA including Alok Industries Ltd. (24.35, 9.19%) and Multi Commodity Exchange of India Ltd. (1643.70, 3.19%). 5 stocks slipped below their 200 SMA including Gujarat Pipavav Port Ltd. (99.60, -2.02%) and Karnataka Bank Ltd. (60.20, -1.79%).

Nifty 50 closed at 17,323.60 (89.5, 0.5%) , BSE Sensex closed at 58,129.95 (277.4, 0.5%) while the broader Nifty 500 closed at 14,759.30 (75.0, 0.5%)

Market breadth is holding steady. Of the 1,769 stocks traded today, 852 were on the uptick, and 855 were down.

• Atul, Ipca Laboratories, Gland Pharma, Vinati Organics, and Schaeffler India are trading with higher delivery volumes compared to Thursday.

• Axis Direct maintains a 'Buy' rating on Au Small Finance Bank with a target price at an 11% upside despite recent resignations of the bank's Chief Risk Officer and Head of Internal Audit.

• RailTel Corporation of India is trading higher after it receives a contract worth Rs 300 crore from the Directorate of Information Technology of the Indian Air Force for the implementation of a secure online policing solutions (OPS) network.

• Jammu & Kashmir Bank is rising as its board of directors approve a plan to raise Rs 2,000 crore in equity and debt during its meeting on Thursday.

• Ami Organics' Rs 569.6 crore IPO is subscribed by 5.6 times of the shares on offer, with the retail portion receiving bids for 8.6 times the available quota on the final day of the bidding process.

• GOCL Corp trades higher after it completes the acquisition of APDL Estate from Hinduja Realty for Rs 62 crore.

• Vijaya Diagnostic Centre's Rs 1,895-crore IPO is subscribed by 66% of the shares on offer, with the retail portion receiving bids for 87% of the available quota on the final day of the bidding process.

• Network 18 Media & Investments, Vaibhav Global, Exide Industries, and L&T Technology Services are trading with more than five times their weekly average trading volume.

• Zen Technologies hits the upper circuit after it receives an order worth Rs 155 crore from the Indian Air Force for the supply of counter unmanned aircraft systems.

• Hindustan Aeronautics is rising after the company said its board of directors will consider a proposal for a stock split in its upcoming meeting on September 21, 2021.

• Adani Green Energy raises $750 million (Rs 5,480 crore) through debt securities to fund capital expenditure for its renewable projects.

• Granules India receives the license for manufacturing and marketing of 2-Deoxy-D-Glucose (2-DG), a drug used to treat moderate to severe Covid-19 patients from the Defence Research & Development Organisation (DRDO).

• HDFC Life Insurance Company announces the acquisition of Exide Life Insurance Company for Rs 6,687 crore. The acquisition will be completed before June 2022.

• Nifty 50 was trading at 17,276.25 (42.1, 0.2%) , BSE Sensex was trading at 57,974.21 (121.7, 0.2%) while the broader Nifty 500 was trading at 14,726.00 (41.7, 0.3%)

• Market breadth is highly positive. Of the 1,688 stocks traded today, 1,208 were on the uptrend, and 421 went down.

Riding High:

Largecap and midcap gainers today include L&T Technology Services Ltd. (4,339.20, 7.22%), Exide Industries Ltd. (189.65, 6.43%) and AIA Engineering Ltd. (2,097.05, 4.78%).

Downers:

Largecap and midcap losers today include Sanofi India Ltd. (8,401.05, -5.77%), Adani Power Ltd. (103.15, -4.97%) and HDFC Life Insurance Company Ltd. (734.40, -3.24%).

Volume Shockers

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

Top high volume gainers on BSE included Shriram City Union Finance Ltd. (2,412.75, 13.98%), Prestige Estates Projects Ltd. (422.70, 10.32%) and S H Kelkar & Company Ltd. (164.35, 8.88%).

Top high volume losers on BSE were Sanofi India Ltd. (8,401.05, -5.77%), Minda Industries Ltd. (684.45, -1.81%) and La Opala RG Ltd. (307.65, -0.19%).

Mazagon Dock Shipbuilders Ltd. (254.65, 5.58%) was trading at 11.2 times of weekly average. Blue Dart Express Ltd. (6,296.90, 6.72%) and Vaibhav Global Ltd. (763.70, 6.71%) were trading with volumes 10.0 and 9.5 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

47 stocks hit their 52 week highs,

Stocks touching their year highs included - Adani Transmission Ltd. (1,750.50, 4.69%), Allcargo Logistics Ltd. (226.75, -1.61%) and Ambuja Cements Ltd. (437.10, 1.96%).

14 stocks climbed above their 200 day SMA including Rail Vikas Nigam Ltd. (30.00, 6.57%) and Exide Industries Ltd. (189.65, 6.43%). 3 stocks slipped below their 200 SMA including GlaxoSmithKline Pharmaceuticals Ltd. (1,511.35, -1.17%) and Adani Green Energy Ltd. (1,081.35, -0.37%).