Nifty 50 closed at 15,853.95 (41.6, 0.3%) , BSE Sensex closed at 52,904.05 (134.3, 0.3%) while the broader Nifty 500 closed at 13,661.10 (32.3, 0.2%)
Market breadth is neutral. Of the 1,764 stocks traded today, 887 were gainers and 840 were losers.
Zydus Wellness, AIA Engineering, APL Apollo Tubes, KPR Mill, and Hindustan Unilever are trading with higher delivery volumes compared to Tuesday.
Maruti Suzuki India plans to invest Rs 18,000 crore in a new passenger vehicle plant in Haryana. The plant will have an annual production capacity of 7.5 to 10 lakh passenger vehicles.
HDFC Securities maintains a 'Buy' rating on Axis Bank as the private bank lowered its gross NPA 270 basis points and partnered with Flipkart to launch credit cards in FY21.
Steel Strip Wheels hits a new 52-week high due to order wins and a reduction in promoter's pledge. It won new export orders from Western Hemisphere worth $15 million (Rs 113 crore). The company's promoters released 1.3 lakh pledged shares, reducing the promoter's pledged shareholding to 21.05% from 21.9%.
Vanguard Fund purchases 18.8 lakh shares of Amara Raja Batteries for Rs 140 crore via bulk deals in Q1FY21. The fund holds 1.1% of the company.
Quess Corp, Solar Industries, and MindTree are trading with more than 10 times their average weekly trading volume. Ceat and Suprajit Engineering are trading in the green with more than five times their average weekly trading volume.
Zomato's Rs 9,375 crore IPO is subscribed by 26% with the retail portion receiving bids for 1.4 times the available quota on day one of the bidding process.
Nomura Singapore purchases 18.8 lakh shares in Pricol for Rs 19.3 crore, taking a 1.6% stake in the auto-components company in Q1FY22.
Hatsun Agro Products, Infosys, and L&T Technology Services are trading higher ahead of their Q4 earnings update later today.
Goldman Sachs India sells nearly 2.2 lakh shares (0.28% stake) of Angel Broking for Rs 22.5 crore in Q1FY22. They now hold about 1 crore lakh shares (1.3% stake) worth Rs 112.1 crore in the company.
MindTree's Q1FY22 net profit rises 8.2% QoQ to Rs 343.4 crore, revenues rise 10% QoQ to Rs 2,363.5 crore.
Vijay Kedia sells 78,000 shares of Neuland Laboratories for Rs 17.3 crore, reducing his stake in the pharmaceutical company to 1% in Q1FY22 from 1.6% in Q4FY21.
Tata Metaliks is trading higher after the company posts a profit of Rs 94.7 crore in Q1FY22 against a loss of Rs 12.4 crore YoY, revenues rise nearly 3X YoY to Rs 606.4 crore.
Zomato raises Rs 4,196.5 crore from 186 anchor investors at Rs 76 per share. The investors include New World Fund, Tiger Global, Morgan Stanley Singapore, Government of Singapore, Canada Pension Plan, and Kotak Flexicap Fund.
Nifty 50 was trading at 15,790.50 (-21.9, -0.1%) , BSE Sensex was trading at 52,671.00 (-98.7, -0.2%) while the broader Nifty 500 was trading at 13,627.15 (-1.7, -0.0%)
Market breadth is in the green. Of the 1,683 stocks traded today, 990 were on the uptick, and 655 were down.
Riding High:
Largecap and midcap gainers today include MphasiS Ltd. (2,374.30, 8.37%), MindTree Ltd. (2,702.15, 8.27%) and Wipro Ltd. (561.60, 7.00%).
Downers:
Largecap and midcap losers today include Adani Total Gas Ltd. (881.00, -4.62%), Indian Overseas Bank (25.50, -4.49%) and AIA Engineering Ltd. (2,058.60, -2.84%).
Movers and Shakers
30 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Computer Age Management Services Ltd. (3,452.00, 14.63%), JM Financial Ltd. (106.15, 11.15%) and Happiest Minds Technologies Ltd. (1,308.35, 9.85%).
Top high volume losers on BSE were Quess Corp Ltd. (758.35, -5.81%), Crisil Ltd. (2,639.00, -3.30%) and Responsive Industries Ltd. (137.50, -2.24%).
Solar Industries India Ltd. (1,651.00, 2.07%) was trading at 17.3 times of weekly average. MindTree Ltd. (2,702.15, 8.27%) and Ceat Ltd. (1,426.00, 5.39%) were trading with volumes 16.6 and 10.2 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
39 stocks hit their 52 week highs,
Stocks touching their year highs included - ACC Ltd. (2,080.10, -0.23%), Divi's Laboratories Ltd. (4,624.75, 0.41%) and Edelweiss Financial Services Ltd. (94.60, -4.92%).
5 stocks climbed above their 200 day SMA including GlaxoSmithKline Pharmaceuticals Ltd. (1,539.00, 1.72%) and Multi Commodity Exchange of India Ltd. (1,605.25, 0.32%). 1 stock slipped below their 200 SMA including Mas Financial Services Ltd. (879.00, -1.35%).