Nifty 50 closed at 15,683.35 (-8, -0.05%) , BSE Sensex closed at 52,344.45 (21.1, 0.0%) while the broader Nifty 500 closed at 13,386.55 (-38.6, -0.3%)
Market breadth is moving down. Of the 1,759 stocks traded today, 521 were on the uptrend, and 1,208 went down.
Future Retail, IIFL Wealth Management, Thermax, and Max Financial Services are trading with higher delivery volumes compared to Thursday.
ICICI Direct upgrades its rating on Lemon Tree Hotels to 'Buy' from 'Hold' citing a 15% YoY reduction in room inventory in Q4FY21 decreasing costs in the long run and an expected increase in demand as the second Covid-19 wave subsides.
Nazara Technologies trades lower after CLSA gives a 'Sell' rating to the gaming company with a downside of 32.5%, citing high valuations. The company is priced at six times its FY23 enterprise value to sales and 29 times its enterprise value to EBITDA.
Dodla Dairy's Rs 520 crore IPO is subscribed 6.4 times with the retail portion receiving bids for 8.4 times the available quota on the final day of bidding process.
SBI Cards and Payment Services and TCNS Clothing Co are trading with 78 times and 42 times the average weekly trading volume respectively. Heidelberg Cement, EPL and Graphite India are trading with more than four times their average weekly trading volume.
Krishna Institute of Medical Sciences' (KIMS) Rs 2,144 crore IPO is subscribed 63% with the retail portion receiving bids for 2.3 times the available quota on the final day of bidding process.
Tube Investments of India's Q4 profits rise 2.4X YoY to Rs 143.8 crore as engineering revenues rise 56.7%, revenues rise 2.7X to Rs 2,814.2 crore.
Timken India and Gujarat Fluorochemicals are trading higher ahead of its Q4 earnings update later today. Whereas Ashoka Buildcon, GMR Infra and Dhani Services are trading lower ahead of their Q4 earnings update later today.
Natco Pharma is trading lower as the pharmaceutical company's Q4FY21 revenues decline by 23.5% to Rs 360 crore, with net profits down by 43% to Rs 53 crore.
Domestic passenger traffic falls 63% MoM to 21.1 lakh in May, InterGlobe Aviation operated Indigo Airlines' air traffic falls 62% and SpiceJet's air traffic falls 71.8% respectively.
SBI Cards & Payment Services is falling as reports emerge stating its private equity (PE) investor Carlyle is looking to sell 4.8 crore shares via a bulk deal, lowering its stake by 5.1%. The PE firm sold 4 crore shares representing a 4.3% stake in the credit card issuer in March 2021.
Datamatics Global Services trades higher as the IT consulting company plans to complete the acquisition of a 49.5% stake in Cybercom Datamatics Information Solutions for Rs 3.1 crore before October 2021.
Power Grid Corporation of India's Q4 profits rise 6.4% YoY to Rs 3,526 crore as interest expenses fall 26%, revenues rise 3% to Rs 10,816 crore.
Nifty 50 was trading at 15,711.05 (19.7, 0.1%) , BSE Sensex was trading at 52,332.89 (9.6, 0.0%) while the broader Nifty 500 was trading at 13,429.90 (4.8, 0.0%).
Market breadth is in the green. Of the 1,679 stocks traded today, 894 were gainers and 741 were losers.
Riding High:
Largecap and midcap gainers today include Vodafone Idea Ltd. (10.36, 9.63%), Adani Enterprises Ltd. (1,487.85, 8.78%) and Adani Ports & Special Economic Zone Ltd. (694.60, 7.37%).
Downers:
Largecap and midcap losers today include Adani Green Energy Ltd. (1,062.75, -5.42%), Adani Transmission Ltd. (1,235.90, -5.32%) and Adani Total Gas Ltd. (1,258.10, -5.02%).
Volume Shockers
25 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included TCNS Clothing Co. Ltd. (636.40, 17.03%), Vodafone Idea Ltd. (10.36, 9.63%) and Jammu & Kashmir Bank Ltd. (32.80, 8.79%).
Top high volume losers on BSE were Graphite India Ltd. (603.50, -9.72%), Affle (India) Ltd. (4,753.75, -4.53%) and SBI Cards and Payment Services Ltd. (1,005.70, -4.37%).
KNR Constructions Ltd. (222.90, -1.48%) was trading at 13.0 times of weekly average. Heidelberg Cement India Ltd. (258.05, 2.81%) and EPL Ltd. (277.90, 4.79%) were trading with volumes 6.4 and 6.2 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
18 stocks made 52 week highs,
Stocks touching their year highs included - Asian Paints Ltd. (3,055.00, -0.17%), Crisil Ltd. (2,566.00, 4.41%) and Cyient Ltd. (862.10, 0.76%).
2 stocks climbed above their 200 day SMA including Vodafone Idea Ltd. (10.36, 9.63%) and VST Industries Ltd. (3,497.50, 1.18%). 14 stocks slipped below their 200 SMA including Responsive Industries Ltd. (148.20, -3.70%) and Mahindra & Mahindra Financial Services Ltd. (158.65, -2.52%).