Nifty 50 closed at 15,809.70 (10.4, 0.1%) , BSE Sensex closed at 52,551.53 (76.8, 0.2%) while the broader Nifty 500 closed at 13,555.80 (-8.1, -0.1%)
Market breadth is in the red. Of the 1,789 stocks traded today, 779 were on the uptrend, and 979 went down.
PNB Housing Finance, Schaeffler India, Timken India, Persistant Systems and NHPCare trading with higher delivery volumes compared to Friday.
Cochin Shipyard's Q4FY21 consolidated revenues rise by 37% YoY to Rs 1,148 crore, with net profits up by nearly 55% to Rs 236 crore.
ICICI Securities maintains a ‘Buy’ rating on Century Plyboards with a target price upside of 17%, citing a 33.5% expected CAGR between FY22-23 in the medium density fibre division revenues led by the expansion the company's Punjab unit.
Edelweiss Financial Services' revenues jump 2.2x YoY to Rs 4,480.9 in Q4FY21, with net profits of Rs 636 crore, against a net loss of Rs 2,281 crore in the year ago period.
Shyam Metalics and Energy's Rs 909 crore IPO subscribed 49% with the retail portion booked 99% on day 1 of the bidding process.
Minda Industries' revenues in Q4FY21 grows by nearly 50% YoY to Rs 2,238 crore, with an eight fold growth in net profits to Rs 164 crore due to a fall in interest expenses.
Zensar Technologies is trading in red with 37 times its average weekly trading volume. FDC, AstraZeneca Pharma India, eClerx Services and BEML are trading in the green with more than four times their average weekly trading volume.
JK Cement's Q4FY21 revenues up by 38% YoY to Rs 2,134 crore, with net profits up 33% to Rs 216 crore due to a decline in fixed costs.
Lupin trades lower as the pharmaceutical company receives a warning letter from the U.S. FDA for its New Jersey manufacturing facility.
Bharat Heavy Electricals' Q4FY21 revenues jump 40% YoY to Rs 7,245.2 crore, with a 32% decline in net loss to Rs 1,036 crore.
Blackrock acquires 25.5 lakh shares in Indiabulls Housing Finance through its emerging markets fund for Rs 73.4 crore via a bulk deal on Friday. It now holds a 0.57% stake in the housing finance company.
Real estate company DLF's revenues in Q4FY21 remain flat YoY at Rs 1,906 crore with a net profit of Rs 481 crore, against a net loss of Rs 1,857 crore in the year ago period.
Shyam Metalics and Energy raises Rs 270 crore from 21 anchor investors at Rs 306 per share. The investors included Nippon India Mutual Fund, Aditya Birla Sunlife Mutual Fund, Kotak Offshore and GAM UK.
Sun TV Network's Q4FY21 revenue rises by 6% YoY to Rs 802 crore, with net profits nearly doubling to Rs 497 crore.
SonaComstar raises Rs 2,498 crore from anchor investors including the Government of Singapore, Nomura, Fidelity, Goldman Sachs, and domestic mutual funds. The auto-components company's IPO issue size is Rs 5,500 crore.
Adani Enterprises, Adani Green Energy, Adani Total Gas, and Adani Transmission hit the lower circuit after NSDL freezes the accounts of three foreign funds holding Rs 43,500 crore worth of shares in these Adani Group companies.
Gloom in markets in early trading. Nifty 50 was trading at 15,663.40 (-136.0, -0.9%) , BSE Sensex was trading at 52,108.58 (-366.2, -0.7%) while the broader Nifty 500 was trading at 13,408.65 (-155.2, -1.1%).
Market breadth is moving down. Of the 1,711 stocks traded today, 328 showed gains, and 1,358 showed losses.
Riding High:
Largecap and midcap gainers today include Rajesh Exports Ltd. (614.40, 9.32%), Endurance Technologies Ltd. (1,576.55, 5.30%) and GlaxoSmithKline Pharmaceuticals Ltd. (1,587.00, 4.61%).
Downers:
Largecap and midcap losers today include Bharat Heavy Electricals Ltd. (67.35, -11.61%), Adani Ports & Special Economic Zone Ltd. (768.70, -8.46%) and Adani Enterprises Ltd. (1,501.25, -6.27%).
Movers and Shakers
22 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included FDC Ltd. (381.40, 13.01%), eClerx Services Ltd. (1,769.80, 9.71%) and Mishra Dhatu Nigam Ltd. (216.60, 6.46%).
Top high volume losers on BSE were Adani Ports & Special Economic Zone Ltd. (768.70, -8.46%), Zensar Technologies Ltd. (289.60, -7.06%) and Adani Enterprises Ltd. (1,501.25, -6.27%).
GlaxoSmithKline Pharmaceuticals Ltd. (1,587.00, 4.61%) was trading at 7.8 times of weekly average. Maharashtra Seamless Ltd. (319.05, 3.54%) and AstraZeneca Pharma India Ltd. (3,810.00, 0.78%) were trading with volumes 6.0 and 5.7 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
36 stocks hit their 52 week highs,
Stocks touching their year highs included - Bajaj Finance Ltd. (6,198.00, 1.27%), Caplin Point Laboratories Ltd. (676.10, 1.59%) and Deepak Fertilisers & Petrochemicals Corporation Ltd. (447.15, 12.67%).
4 stocks climbed above their 200 day SMA including Bayer Cropscience Ltd. (5,594.00, 2.37%) and Ipca Laboratories Ltd. (2,092.05, 2.21%). 6 stocks slipped below their 200 SMA including Gulf Oil Lubricants India Ltd. (691.70, -3.76%) and Sunteck Realty Ltd. (301.00, -1.81%).