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Markets closed up today. Nifty 50 closed at 16,529.10 (164.7, 1.0%) , BSE Sensex closed at 55,437.29 (593.3, 1.1%) while the broader Nifty 500 closed at 14,065.30 (93.4, 0.7%)

Market breadth is in the red. Of the 1,750 stocks traded today, 757 were on the uptrend, and 957 went down.

• Star Cement is trading higher after its net profit rises by 57% YoY to Rs 68 crore, with a 74.4% increase in revenues to Rs 519.6 crore. Its board of directors approved a buyback of 82.5 lakh shares at Rs 150 per share.

• Cholamandalam Financial Holdings, Hatsun Agro products, Atul, Gillette India, and Elgi Equipments are trading with higher delivery volumes compared to Thursday.

• HDFC Securities downgrade's its rating on pharmaceutical company Lupin to "Reduce" from "Add" with a target price at a 2% downside expecting albuterol sales in the US market to remain muted in Q2FY22.

• Wockhardt is rising after it enters in an agreement with Enso Healthcare and Human Vaccine to manufacture and supply up to 62 crore doses of the Sputnik V vaccine.

• Page Industries' Q1FY22 revenues jump by 76% YoY to Rs 501 crore, with a net profit of Rs 11 crore, against a loss of Rs 39.5 crore in the year-ago period.

• Larsen & Toubro hits a 52-week high after its heavy engineering division wins orders from Technip Energies-India's titanium clad oxidation reactor for a public sector petrochemical project.

• Aurobindo Pharma, Suprajit Engineering, GMM Pfaudler, and Tasty Bite Eatables are trading with over five times their weekly average trading volume.

• Ashok Leyland's Q1FY22 net loss falls 33% YoY to Rs 273.9 crore, revenues rise 2.7X to Rs 4,103.3 crore.

• Godrej Industries, Indraprastha Gas, and Hindustan Aeronautics are trading higher, whereas Apollo Hospitals Enterprise, NBCC (India), and Oil And Natural Gas Corporation are trading lower ahead of their Q1FY22 earnings update later today.

• State-owned iron ore producer NMDC's Q1FY22 income rises by 3.3X YoY to Rs 6,656.3 crore, with a 6X growth in net profits to Rs 3,191.4 crore.

• Tata Power Company's wholly-owned subsidiary Tata Power Solar Systems, receives an order worth Rs 386 crore to build a 50 megawatts (MW) peak photovoltaic plant with a 50 MW hour battery energy storage system in Leh, Ladakh.

• Eicher Motors' consolidated revenues in Q1FY22 jump 2.4X YoY to Rs 1,974 crore, with net profits of Rs 237 crore against a net loss of Rs 55 crore in the year-ago period.

• Aurobindo Pharma acquires a 51% stake in Cronus Pharma Specialities India, a Hyderabad-based veterinary pharma products maker for Rs 420 crore.

• Tata Steel's net profit in Q1FY22 comes in at Rs 8,907 crore against a loss of Rs 4,416.6 crore in the year-ago period, revenue more than doubles to Rs 53,534 crore.

• InterGlobe Aviation, the operator of IndiGo Airlines and SpiceJet are rising as the Ministry of Civil Aviation increases the maximum domestic flight limit to 72.5% of pre-Covid levels, from 65% earlier.

• Hero MotoCorp's Q1FY22 net profit rises 4.3X YoY to Rs 256.1 crore, revenues rise 81% to Rs 5,648.2 crore.

• Nifty 50 was trading at 16,438.55 (74.2, 0.5%) , BSE Sensex was trading at 55,093.39 (249.4, 0.5%) while the broader Nifty 500 was trading at 14,031.50 (59.6, 0.4%)

• Market breadth is ticking up strongly. Of the 1,682 stocks traded today, 1,138 were on the uptrend, and 490 went down.

Riding High:

Largecap and midcap gainers today include Polycab India Ltd. (1,900.25, 5.01%), Tata Communications Ltd. (1,426.75, 4.31%) and Tata Consumer Products Ltd. (807.45, 4.29%).

Downers:

Largecap and midcap losers today include Aurobindo Pharma Ltd. (761.30, -7.86%), Natco Pharma Ltd. (988.55, -5.08%) and Page Industries Ltd. (31,183.45, -3.68%).

Volume Shockers

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

Top high volume gainers on BSE included Shriram City Union Finance Ltd. (2,158.10, 19.22%), Indostar Capital Finance Ltd. (372.95, 8.64%) and Star Cement Ltd. (116.05, 6.76%).

Top high volume losers on BSE were Kaveri Seed Company Ltd. (649.35, -9.27%), Aurobindo Pharma Ltd. (761.30, -7.86%) and GMM Pfaudler Ltd. (4,417.85, -5.34%).

Tasty Bite Eatables Ltd. (18,946.55, 6.71%) was trading at 14.1 times of weekly average. Godfrey Phillips India Ltd. (1,047.55, 3.24%) and Maharashtra Seamless Ltd. (322.20, 4.99%) were trading with volumes 10.6 and 7.6 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

28 stocks took off, crossing 52 week highs, while 1 stock were underachiever and hit their 52 week lows.

Stocks touching their year highs included - Allcargo Logistics Ltd. (213.70, 4.40%), Bajaj Holdings & Investment Ltd. (4,197.50, 3.99%) and Bharti Airtel Ltd. (637.05, 2.23%).

Stock making new 52 weeks lows included - Gulf Oil Lubricants India Ltd. (599.55, -2.19%).

17 stocks climbed above their 200 day SMA including Bank of Maharashtra (20.45, 6.51%) and UCO Bank (13.90, 4.91%). 3 stocks slipped below their 200 SMA including Eicher Motors Ltd. (2546.80, -2.67%) and ITI Ltd. (121.30, -2.49%).

• Dixon Technologies (India), Sundaram Fasteners, Johnson Controls-Hitachi Air Conditioning India, Divi's Laboratories, and Blue Star are trading with higher delivery volumes compared to Wednesday.

• Indian Railway Catering & Tourism Corporation (IRCTC) is trading higher after it posts a net profit of Rs 82.5 crore in Q1 vs a net loss of Rs 24.6 crore YoY, revenues rise 64.8% to Rs 258 crore. Its board of directors recommended a stock split in a 1:5 ratio.

• Axis Securities maintains a 'Hold' rating on Trent with a 5% target price upside expecting a recovery in its Westside and Zudio stores in Q2FY22.

• VIP Industries is trading higher with 26 times its average trading volume after the company posts a profit of Rs 2.5 crore in Q1FY22 vs a loss of Rs 5.7 crore in the previous quarter as the cost of materials consumed falls 26.3% and EBITDA margins rise by 400 bps to 12%.

• Chemplast Sanmar's Rs 3,850 crore IPO is subscribed up to 2.2 times of the shares on offer, with the retail portion receiving bids for 2.3 times of the available quota on the final day of the bidding process.

• Aster DM Healthcare's revenue in Q1FY22 rises by 35% YoY to Rs 2,371 crore, with a net profit of Rs 44.5 crore against a net loss of Rs 83 crore in the year-ago period.

• Aptus Value Housing Finance's Rs 2,780 crore IPO is subscribed up to 17.2 times of the shares on offer, with the retail portion receiving bids for 1.4 times and the qualified institutional buyers' portion receiving bids for 32.4 times the available quota on the final day of the bidding process.

• VIP Industries is trading in the green with 26 times its weekly average trading volume. Indoco Remedies, Bata India, and Chalet Hotels are trading in the green with over four times their weekly average trading volume.

• Bata India's Q1FY22 revenue nearly doubles YoY to Rs 267 crore, with a 31% fall in net losses to Rs 69.4 crore.

• Bharat Forge, Finolex Cables, NMDC, and Tata Steel are trading higher, whereas Ashok Leyland, Eicher Motors, and Page Industries are trading lower ahead of their Q1FY22 earnings update later today.

• Bajaj Electricals' total income in Q1FY22 rises by 41% YoY to Rs 865 crore, but due to rising commodity prices its net loss grew nearly 50% to Rs 24.8 crore.

• Edelweiss Financial Services plans to raise Rs 400 crore through the public issue of non-convertible debentures (NCDs).

• Cummins India's Q1FY22 net profit rises 4.7X YoY to Rs 247 crore, revenues doubles YoY to Rs 1,249.8 crore.

• HDFC Mutual Fund buys nearly 6 lakh shares (0.79% stake) of Timken India for Rs 91.4 crore in a bulk deal on Wednesday.

• Equitas Holdings' Q1FY22 net profit falls 77.6% YoY to Rs 11.2 crore, despite a 20.6% rise in revenues to Rs 949.4 crore.

• Nifty 50 was trading at 16,300.75 (18.5, 0.1%) , BSE Sensex was trading at 54,615.62 (89.7, 0.2%) while the broader Nifty 500 was trading at 13,899.40 (22.9, 0.2%)

• Market breadth is surging up. Of the 1,678 stocks traded today, 1,239 showed gains, and 397 showed losses.

Riding High:

Largecap and midcap gainers today include Indian Overseas Bank (21.30, 10.08%), Power Grid Corporation of India Ltd. (187.00, 6.04%) and Bharat Forge Ltd. (827.50, 5.72%).

Downers:

Largecap and midcap losers today include Lupin Ltd. (975.95, -7.12%), Eicher Motors Ltd. (2,616.55, -3.74%) and Aurobindo Pharma Ltd. (826.20, -3.54%).

Volume Shockers

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

Top high volume gainers on BSE included VIP Industries Ltd. (462.95, 20.00%), Vakrangee Ltd. (36.15, 19.90%) and Dish TV India Ltd. (14.00, 18.14%).

Top high volume losers on BSE were Lupin Ltd. (975.95, -7.12%) and Whirlpool of India Ltd. (2000.70, -1.39%).

Maharashtra Scooters Ltd. (4486.95, 16.75%) was trading at 25.6 times of weekly average. Indoco Remedies Ltd. (519.65, 17.59%) and Bharat Forge Ltd. (827.50, 5.72%) were trading with volumes 14.1 and 10.7 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

24 stocks overperformed with 52 week highs,

Stocks touching their year highs included - Bajaj Holdings & Investment Ltd. (4,036.60, 0.90%), Bata India Ltd. (1,675.05, 0.54%) and Bharat Forge Ltd. (827.50, 5.72%).

12 stocks climbed above their 200 day SMA including Dish TV India Ltd. (14.00, 18.14%) and Lemon Tree Hotels Ltd. (40.60, 9.88%). 5 stocks slipped below their 200 SMA including Lupin Ltd. (975.95, -7.12%) and Manappuram Finance Ltd. (166.80, -0.86%).

Nifty 50 closed at 16,282.25 (2.2, 0.0%) , BSE Sensex closed at 54,525.93 (-28.7, -0.1%) while the broader Nifty 500 closed at 13,876.55 (-16.2, -0.1%)

Market breadth is highly negative. Of the 1,754 stocks traded today, 542 were on the uptrend, and 1,182 went down.

• Bajaj Holdings & Investment, 3M India, Spandana Sphoorty Financial, Atul, and Hatsun Agro Products are trading with higher delivery volumes compared to Tuesday.

• Axis Securities maintains a 'Hold' rating on Shree Cements with a target price upside of 3% expecting demand from rural areas in the north and the east of the country to rise in Q2 and Q3.

• Computer Age Management Services' Q1FY22 revenue rises 35% YoY to Rs 201 crore with net profits up by 59% to Rs 63 crore.

• Nuvoco Vistas Corporation's Rs 5,000 crore IPO is subscribed up to 1.7 times of the shares on offer, with the retail portion receiving bids for 71% and QIB's receiving bids for 4.2 times of the available quota on the final day of the bidding process.

• Cochin Shipyard's Q1FY22 revenue remains flat YoY at Rs 329.4 crore, with net profits down 31% to Rs 28.6 crore.

• CarTrade Tech's Rs 2,998.5 crore IPO is subscribed up to 19 times of the shares on offer, with the qualified institutional buyers' portion receiving bids for 32.8 times of the available quota on the final day of the bidding process.

• Supermarket chain V Mart Retail's Q1FY22 revenue doubles YoY to Rs 177.4 crore, with net losses lower by 14% to Rs 28.7 crore.

• Sequent Scientific is trading with 11 times its weekly average trading volume. Manappuram Finance, Lupin, Radico Khaitan, and Siemens are trading with over four times their weekly average trading volume.

• Godrej Agrovet's Q1FY22 revenue rises by 28% YoY to Rs 1,987 crore, with net profits up by 4% to Rs 105 crore.

• Bajaj Electricals, Bata India, Cummins India, CESC, IDFC, and Garware Technical Fibres are trading lower ahead of their Q1FY22 earnings update later today.

• Zomato's Q1FY22 revenue rises 3X YoY to Rs 844 crore due to a four fold increase in gross order value to Rs 4,540 crore, with a 3.5X growth in net losses to Rs 356 crore.

• Sunil Singhania's Abakkus Fund buys 1.2 lakh shares (1.97% stake) of Dynamatic Technologies for Rs 20.2 crore in a bulk deal on Tuesday.

• Siemens posts a net profit of Rs 138.9 crore in Q1FY22 vs a net loss of Rs 2 crore YoY, revenues rise 2.3X to Rs 2,984.2 crore.

• Lupin's Q1FY22 net profit jumps 5X YoY to Rs 542.5 crore, revenues rise 20.4% to Rs 4,298 crore.

• Nifty 50 was trading at 16,314.80 (34.7, 0.2%) , BSE Sensex was trading at 54,458.71 (-96.0, -0.2%) while the broader Nifty 500 was trading at 13,889.80 (-3.0, -0.0%)

• Market breadth is overwhelmingly negative. Of the 1,683 stocks traded today, 489 were gainers and 1,146 were losers.

Riding High:

Largecap and midcap gainers today include Vedanta Ltd. (324.45, 6.46%), Siemens Ltd. (2,191.40, 6.39%) and Steel Authority of India (SAIL) Ltd. (134.75, 5.89%).

Downers:

Largecap and midcap losers today include Lupin Ltd. (1,050.75, -6.17%), Astral Ltd. (1,966.25, -4.81%) and Trent Ltd. (900.50, -4.79%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Vedanta Ltd. (324.45, 6.46%), Siemens Ltd. (2,191.40, 6.39%) and Radico Khaitan Ltd. (892.05, 4.95%).

Top high volume losers on BSE were Sequent Scientific Ltd. (239.40, -14.64%), Manappuram Finance Ltd. (168.25, -12.14%) and Lupin Ltd. (1,050.75, -6.17%).

Indoco Remedies Ltd. (441.90, 1.03%) was trading at 9.2 times of weekly average. Bajaj Electricals Ltd. (1,059.70, -3.61%) and Gillette India Ltd. (5,893.10, -0.17%) were trading with volumes 6.2 and 6.0 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 2 stocks hit their 52 week lows.

Stocks touching their year highs included - BASF India Ltd. (3,830.90, 1.06%), Bharti Airtel Ltd. (620.85, -0.22%) and Cummins India Ltd. (944.75, -0.03%).

Stocks making new 52 weeks lows included - Alembic Pharmaceuticals Ltd. (762.20, -0.90%) and Ujjivan Small Finance Bank Ltd. (25.55, -1.54%).

3 stocks climbed above their 200 day SMA including KEC International Ltd. (396.10, 0.71%) and Great Eastern Shipping Company Ltd. (304.30, -1.79%). 29 stocks slipped below their 200 SMA including Sequent Scientific Ltd. (239.40, -14.64%) and Manappuram Finance Ltd. (168.25, -12.14%).

Nifty 50 closed at 16,280.10 (21.9, 0.1%) , BSE Sensex closed at 54,554.66 (151.8, 0.3%) while the broader Nifty 500 closed at 13,892.75 (-42.3, -0.3%)

Market breadth is overwhelmingly negative. Of the 1,759 stocks traded today, 227 were gainers and 1,515 were losers.

• Quess Corp, Fine Organic Industries, Symphony, Infosys, and Procter & Gamble Hygiene & Healthcare are trading with higher delivery volumes compared to Monday.

• HDFC Securities maintains an 'Add' rating on Mahindra & Mahindra with a 12.7% target price upside as the company expects to increase sales by 6% in FY22 with new launches in the passenger vehicle segment.

• Cadila Healthcare's Covid-19 vaccine is likely to be approved by Drug Controller General of India this week, according to reports. The pharma company will produce 10-12 crore doses annually.

• Hinduja Global hits the upper circuit after the company announces the divestment of its healthcare services business to Baring Private Equity Asia for an enterprise value of $1.2 billion (Rs 8,920 crore).

• CarTrade Tech's Rs 2,998.5 crore IPO is subscribed by 55% of the shares on offer, with the retail portion receiving bids for 1.1 times of the available quota on day 2 of the bidding process.

• Bombay Dyeing & Manufacturing Company's revenue in Q1FY22 rises by 4.2X YoY to Rs 380.8 crore, with net losses declining by 16% to Rs 109 crore.

• Nuvoco Vistas Corporation's Rs 5,000 crore IPO is subscribed by 23% of the shares on offer, with the retail portion receiving bids for 38% of the available quota on day 2 of the bidding process.

• Timken India is trading in the green with 11 times its weekly average trading volume. Navin Fluorine International, Gujarat State Petronet, and Hindustan Aeronautics are trading in the green with over three times their weekly average trading volume.

• Max Financial Services, Coal India, and Siemens are trading higher, whereas Ashoka Buildcon, Power Grid Corporation of India, and Jindal Steel & Power are trading lower ahead of their Q1FY22 earnings update later today.

• Shree Cements' Q1FY22 revenue rises by 48% YoY to Rs 3,449.5 crore, with net profits up by 78% to Rs 661.7 crore.

• Smallcap World Fund purchases 41.3 lakh shares of Quess Corp (2.1% stake) for Rs 371 crore in a bulk deal on Monday.

• Timken India is trading higher after its Q1FY22 net profit jumps 18X YoY to Rs 56.7 crore, revenues rise 2.8X to Rs 470.7 crore.

• Aptus Value Housing Finance India raises Rs 834 crore from 36 anchor investors at Rs 353 per share. The investors include Nomura India, Abardeen Global, CLSA Global Markets, Copthall Mauritius, Edelweiss Mutual Fund (MF), and Axis MF.

• Polar Capital Funds buys 8.4 lakh shares of Glenmark Life Sciences for Rs 61.2 crore in a bulk deal on Monday. The API maker listed at Rs 751.1, a 4.3% premium to the issue price of Rs 720 per share on Friday.

• Chemplast Sanmar raises Rs 1,732.5 crore from 78 anchor investors at Rs 541 per share. The investors include Goldman Sachs (Singapore), Nomura Singapore, Morgan Stanley Asia, SBI Mutual Fund (MF), Axis MF, Mirae asset MF, and Aditya Birla Sun Life.

• Nifty 50 was trading at 16,317.45 (59.2, 0.4%) , BSE Sensex was trading at 54,655.04 (252.2, 0.5%) while the broader Nifty 500 was trading at 13,982.60 (47.6, 0.3%)

• Market breadth is in the green. Of the 1,680 stocks traded today, 956 were in the positive territory and 674 were negative.

Riding High:

Largecap and midcap gainers today include Abbott India Ltd. (18,328.70, 4.69%), Ipca Laboratories Ltd. (2,398.45, 4.59%) and Gujarat State Petronet Ltd. (338.25, 4.24%).

Downers:

Largecap and midcap losers today include Steel Authority of India (SAIL) Ltd. (127.25, -5.11%), Adani Power Ltd. (85.85, -4.98%) and JSW Energy Ltd. (234.85, -4.96%).

Movers and Shakers

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

Top high volume gainers on BSE included Future Retail Ltd. (50.35, 6.45%), Escorts Ltd. (1,270.00, 6.34%) and Max Healthcare Institute Ltd. (303.65, 5.54%).

Top high volume losers on BSE were Manappuram Finance Ltd. (191.50, -4.68%), Motherson Sumi Systems Ltd. (223.20, -3.33%) and Network 18 Media & Investments Ltd. (50.00, -3.10%).

Timken India Ltd. (1550.95, 3.97%) was trading at 16.9 times of weekly average. 3M India Ltd. (23922.70, -1.63%) and Responsive Industries Ltd. (134.35, 4.59%) were trading with volumes 10.1 and 8.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

15 stocks took off, crossing 52 week highs, while 2 stocks tanked below their 52 week lows.

Stocks touching their year highs included - BASF India Ltd. (3,790.60, 3.29%), Bharti Airtel Ltd. (622.20, 3.83%) and Cummins India Ltd. (945.05, 3.98%).

Stocks making new 52 weeks lows included - Alembic Pharmaceuticals Ltd. (769.15, -0.43%) and Ujjivan Small Finance Bank Ltd. (25.95, -2.26%).

5 stocks climbed above their 200 day SMA including Escorts Ltd. (1,270.00, 6.34%) and Kotak Mahindra Bank Ltd. (1,813.25, 1.82%). 21 stocks slipped below their 200 SMA including Lemon Tree Hotels Ltd. (38.35, -5.54%) and KEC International Ltd. (393.30, -5.16%).

Nifty 50 closed at 16258.25 (20.1, 0.1%) , BSE Sensex closed at 54402.85 (125.1, 0.2%) while the broader Nifty 500 closed at 13935.05 (-19.6, -0.1%)

Market breadth is moving down. Of the 1787 stocks traded today, 550 were gainers and 1194 were losers.

• DCB Bank's Q1FY22 net profit declines by 57% YoY to Rs 34 crore, with net interest income flat at Rs 309 crore, and gross NPAs doubling to 4.8% from 2.4% in the year ago period.

• Valiant Organics, BASF India, Intellect Design Arena, Tata Investment Corporation, and Cholamandalam Financial Holdings are trading with more than four times their weekly average trading volume.

• AstraZeneca Pharma India and MRF are trading higher, whereas Gujarat State Petronet, Nilkamal, Indian Hotels Company, and Balrampur Chini Mills are trading lower ahead of their Q1FY22 earnings update later today.

• Edelweiss maintains a 'Buy' rating on Ujjivan Small Finance Bank with a 37% target price upside expecting a 20% growth in the small finance bank's assets under management in FY22.

• Nuvoco Vistas Corporation's Rs 5,000 crore IPO is subscribed by 5% of the shares on offer, with the retail portion receiving bids for 9% of the available quota on the first day of the bidding process.

• Bank of Baroda's net interest income increases by 15.7% in Q1FY22 to Rs 7,892 crore, with net profits of 1,208 crore, against a net loss of Rs 864 crore in the year ago period.

• Rolex Rings lists at Rs 1,200 per share, a 30% premium to the issue price of Rs 900 per share. The forging company's Rs 731 crore IPO comprised of a Rs 56 crore fresh issue and an OFS of Rs 675 crore.

• Indiabulls Real Estate is rising as its total income in Q1FY22 rises 5.5X YoY to Rs 532 crore, with net profits of Rs 5 crore, against a net loss of Rs 94 crore in Q1FY21.

• CarTrade Tech raises Rs 900 crore from anchor investors at Rs 1,618 per share. The investors include Nomura, HSBC Global, Goldman Sachs India, Aditya Birla Sun Life Insurance, Elara India, and Axis Mutual Fund.

• Steel Authority of India's Q1FY22 income rises by 122% to Rs 20,754.8, with net profits of Rs 3,897 crore, against a net loss of Rs 1,226 crore. The steelmaker reduced its gross debt by 14% from the previous quarter.

• Nuvoco Vistas Corporation raises Rs 1,500 crore from over 40 anchor investors at Rs 570 per share. The investors include SBI Mutual Fund, SBI Life Insurance, ICICI Prudential Mutual Fund, HDFC Life, and Franklin Templeton Mutual Fund.

• Nifty 50 was trading at 16287.40 (49.2, 0.3%) , BSE Sensex was trading at 54511.96 (234.2, 0.4%) while the broader Nifty 500 was trading at 13986.25 (31.6, 0.2%)

• Market breadth is in the green. Of the 1708 stocks traded today, 1070 were on the uptick, and 584 were down.

Riding High:

Largecap and midcap gainers today include Indian Railway Catering & Tourism Corporation Ltd. (2648.20, 6.46%), Ipca Laboratories Ltd. (2293.15, 5.61%) and Piramal Enterprises Ltd. (2814.10, 5.54%).

Downers:

Largecap and midcap losers today include Steel Authority of India (SAIL) Ltd. (134.10, -4.89%), Indian Overseas Bank (20.70, -4.61%) and Balkrishna Industries Ltd. (2343.85, -4.30%).

Movers and Shakers

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

Top high volume gainers on BSE included BASF India Ltd. (3669.90, 8.71%), JK Paper Ltd. (280.70, 8.48%) and Network 18 Media & Investments Ltd. (51.60, 7.50%).

Top high volume losers on BSE were Intellect Design Arena Ltd. (658.60, -8.63%), Venky's (India) Ltd. (2804.95, -7.94%) and IFB Industries Ltd. (924.80, -6.54%).

AstraZeneca Pharma India Ltd. (3364.65, -1.19%) was trading at 8.9 times of weekly average. MRF Ltd. (80050.65, 1.13%) and Cholamandalam Financial Holdings Ltd. (656.40, -1.47%) were trading with volumes 7.9 and 6.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

17 stocks made 52 week highs, while 2 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - BASF India Ltd. (3669.90, 8.71%), Cummins India Ltd. (908.90, 0.89%) and JK Cement Ltd. (3507.70, 4.45%).

Stocks making new 52 weeks lows included - Alembic Pharmaceuticals Ltd. (772.45, -1.35%) and Ujjivan Small Finance Bank Ltd. (26.55, -2.93%).

7 stocks climbed above their 200 day SMA including EPL Ltd. (247.30, 3.19%) and Mahindra & Mahindra Ltd. (774.95, 2.20%). 4 stocks slipped below their 200 SMA including Welspun Corp Ltd. (129.85, -3.24%) and Multi Commodity Exchange of India Ltd. (1571.20, -2.22%).

Nifty 50 closed at 16,238.20 (-56.4, -0.4%) , BSE Sensex closed at 54,277.72 (-215.1, -0.4%) while the broader Nifty 500 closed at 13,954.65 (-26.9, -0.2%)

Market breadth is in the green. Of the 1,746 stocks traded today, 921 were on the uptrend, and 785 went down.

• 3M India, Atul, GMM Pfaudler, and Procter & Gamble Health are trading with higher delivery volumes compared to Thursday.

• Axis Securities maintains a 'Buy' rating on State Bank of India with a target price upside of 21% expecting credit costs to normalize in the coming quarters as collection efficiencies improved to 93.5% in July.

• Honeywell Automation India's Q1FY22 net profit declines by 6.7% YoY to Rs 91.5 crore, revenues fall 6.5% to Rs 705 crore.

• Ricky Kriplani buys nearly 3 lakh shares (2.13% stake) of Deccan Cements on Thursday. He now holds 13.1 lakh shares (9.39% stake) of the company.

• Krsnaa Diagnostics' Rs 1,213.3 crore IPO is subscribed by 8 times of the shares on offer, with the retail portion receiving bids for 29.2 times the available quota on the final day of the bidding process.

• Quess Corp's consolidated revenue in Q1FY22 rises by 24% YoY to Rs 298.7 crore, with net profits up by 22% to Rs 44.6 crore.

• Devyani International's Rs 1,838 crore IPO is subscribed by 9.8 times of the shares on offer, with the retail portion receiving bids for 29.1 times the available quota on the final day of the bidding process.

• Future Retail, Narayana Hrudyalaya, and Tata Chemicals are trading with more than 10 times their weekly average trading volume.

• Ca Emerald Investments, an investment arm of private equity from Carlyle Group sells nearly 2 crore shares of SBI Life Insurance Company for Rs 2,147 crore in a bulk deal on Thursday.

• Birla Corporation's Q1FY22 net profit rises 2.2X YoY to Rs 141.5 crore, revenues rise 41.7% to Rs 1,758.4 crore.

• Aarti Industries, Abbott India, and Mahindra & Mahindra are trading higher, whereas Balkrishna Industries, Graphite India, and Muthoot Finance are trading lower ahead of their Q1FY22 earnings update later today.

• Adani Power's Q1FY22 consolidated revenue rises 34% YoY to Rs 7,213.2 crore, with a net profit of Rs 278 crore against a net loss of Rs 682 crore in the year-ago period.

• Reliance Industries and Future Group's stocks - Future Retail, Future Lifestyle Fashions, Future Enterprises, Future Market Networks, Future Supply Chain Solutions, and Future Consumer are trading lower. This comes after the Supreme Court upholds Amazon's plea and validates Singapore arbitrator's order to put a hold on the Reliance and Future Group's deal.

• Cipla's revenues in Q1FY22 rises by 26% YoY to Rs 5,504.3 crore with net profits up by 25% to Rs 710 crore.

• Glenmark Life Sciences lists at Rs 751.1 per share, a 4.3% premium to the issue price of Rs 720 per share. The pure play API maker's IPO comprised of a Rs 1,060 crore fresh issue and a Rs 453.6 crore offer for sale.

• Force Motors' wholesales in July fall 5.5% YoY to 1,820 units. Domestic wholesales up by 7% to 1,607 units, but exports nearly halves to 213 units in the month.

• Nifty 50 was trading at 16,316.10 (21.5, 0.1%) , BSE Sensex was trading at 54,503.67 (10.8, 0.0%) while the broader Nifty 500 was trading at 14,013.10 (31.6, 0.2%)

• Market breadth is highly positive. Of the 1,666 stocks traded today, 1,191 were on the uptick, and 431 were down.

Riding High:

Largecap and midcap gainers today include Vodafone Idea Ltd. (7.10, 19.33%), Aditya Birla Capital Ltd. (121.95, 7.35%) and Adani Enterprises Ltd. (1536.65, 7.28%).

Downers:

Largecap and midcap losers today include Gujarat Gas Ltd. (737.40, -4.49%), Cipla Ltd. (911.30, -3.61%) and Ambuja Cements Ltd. (403.90, -3.58%).

Volume Rockets

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

Top high volume gainers on BSE included BASF India Ltd. (3,375.80, 17.83%), Tata Investment Corporation Ltd. (1,278.65, 11.37%) and Narayana Hrudayalaya Ltd. (540.30, 7.36%).

Top high volume losers on BSE were Future Retail Ltd. (52.55, -9.94%), Future Consumer Ltd. (7.25, -8.23%) and Strides Pharma Science Ltd. (732.80, -6.26%).

Tata Chemicals Ltd. (823.65, 7.06%) was trading at 16.3 times of weekly average. Rites Ltd. (268.25, 1.13%) and GAIL (India) Ltd. (148.75, 4.09%) were trading with volumes 7.7 and 5.3 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

18 stocks hit their 52 week highs,

Stocks touching their year highs included - BASF India Ltd. (3,375.80, 17.83%), Chambal Fertilisers & Chemicals Ltd. (319.45, -0.11%) and Havells India Ltd. (1,232.90, 1.37%).

6 stocks climbed above their 200 day SMA including Housing and Urban Development Corporation Ltd. (45.00, 3.09%) and Welspun Corp Ltd. (134.20, 0.64%). 2 stocks slipped below their 200 SMA including HDFC Life Insurance Company Ltd. (673.40, 0.58%) and IDFC First Bank Ltd. (49.20, 2.93%).