Nifty 50 closed at 15,765.15 (18.7, 0.1%) , BSE Sensex closed at 52,588.71 (14.3, 0.0%) while the broader Nifty 500 closed at 13,485.80 (29.7, 0.2%).
Market breadth is in the green. Of the 1,756 stocks traded today, 1,090 were gainers and 637 were losers.
IIFL Wealth Management, Tube Investments of India, Vardhman Textiles and Syngene International are trading in the green with higher delivery volumes compared to Monday.
Maruti Suzuki trades higher as it announces a price hike in passenger vehicles in Q2FY22 to mitigate higher input costs. The company had raised prices by around 1.6% in April 2021.
HDFC Securities maintains a ‘Buy’ rating on NTPC with a target price upside of 25%, citing the company's capacity expansion of its renewable energy segment to 60GW.
TCNS Clothing Co. posts a net profit of Rs 4 crore vs a loss of Rs 23.8 crore in the year ago period as input costs nearly halves, revenues rise 5% YoY to Rs 239.2 crore.
Dixon Technologies' management and promoters sold over 2,200 shares worth Rs 1 crore via four insider trades on Monday. Since the month began, insiders have sold over 28,000 shares worth Rs 12 crore via inside 39 insider trades.
NBCC (India) hits a new 52-week high as the construction company wins orders worth Rs 859 crore for the construction of residential towers and civic amenities in New Delhi.
Mahindra CIE Automotive, Sheela Foam and Housing and Urban Development Corporation are trading in the green with more than nine times their average weekly trading volume.
Indian Bank trades higher after the lender's board approves a fundraise of Rs 4,000 crore through a qualified institutional placement of equity shares at a floor price of Rs 142.1 per share.
GE Power India, Avanti Feeds, Bharat Electronics, ITI, NMDC, Sobha and Aster DM Healthcare are trading higher ahead of their Q4 earnings update later today.
TCNS Clothing Co. posts a net profit of Rs 4 crore vs a loss of Rs 23.8 crore in the year ago period as input costs nearly halves, revenues rise 5% YoY to Rs 239.2 crore.
Bharti Airtel will collaborate with Tata Consultancy Services to pilot its 5G network ahead of its 5G plans rollout starting from January 2022.
Info Edge (India) is falling as the internet services company's Q4FY21 revenues decline by 9.5% YoY to Rs 360 crore, with net profits up 1.5x to Rs 306 crore.
KPIT Technologies trades higher after the company signs an agreement to acquire a controlling 60% stake in PathPartner Technology for Rs 89 crore. The remaining 40% stake will be acquired in two years.
Oil India's Q4 profits fall 8.4% YoY to Rs 847.6 crore despite a 9.1% rise in revenues to Rs 3,909.6 crore as crude oil production falls 5.3%.
Markets opened high. Nifty 50 was trading at 15,863.05 (116.6, 0.7%) , BSE Sensex was trading at 53,001.13 (426.7, 0.8%) while the broader Nifty 500 was trading at 13,570.35 (114.3, 0.9%).
Market breadth is surging up. Of the 1,664 stocks traded today, 1,434 showed gains, and 206 showed losses.
Riding High:
Largecap and midcap gainers today include GMR Infrastructure Ltd. (32.50, 5.18%), Piramal Enterprises Ltd. (2,440.20, 5.12%) and Indian Overseas Bank (24.80, 5.08%).
Downers:
Largecap and midcap losers today include Au Small Finance Bank Ltd. (1,028.15, -2.40%), SBI Cards and Payment Services Ltd. (975.60, -2.39%) and Info Edge (India) Ltd. (4,867.25, -2.22%).
Volume Rockets
25 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Venky's (India) Ltd. (3,462.70, 19.95%), HFCL Ltd. (66.80, 16.07%) and JK Paper Ltd. (200.25, 13.55%).
Top high volume losers on BSE were Avanti Feeds Ltd. (556.15, -3.33%), Cera Sanitaryware Ltd. (4,190.30, -2.95%) and Mahindra CIE Automotive Ltd. (214.85, -0.23%).
Sheela Foam Ltd. (2,281.00, 2.69%) was trading at 13.8 times of weekly average. Housing and Urban Development Corporation Ltd. (54.85, 7.23%) and DCM Shriram Ltd. (838.95, 11.93%) were trading with volumes 13.2 and 10.9 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
38 stocks took off, crossing 52 week highs,
Stocks touching their year highs included - ACC Ltd. (2,052.45, 1.20%), Ambuja Cements Ltd. (346.50, 0.51%) and Asian Paints Ltd. (3,016.40, -1.70%).
11 stocks climbed above their 200 day SMA including Sterling and Wilson Solar Ltd. (251.05, 6.20%) and Maruti Suzuki India Ltd. (7,248.05, 5.05%). 2 stocks slipped below their 200 SMA including Vodafone Idea Ltd. (10.00, -1.48%) and RBL Bank Ltd. (210.10, -0.90%).