Trendlyne Analysis
Nifty 50 closed at 18,125.40 (10.5, 0.1%) , BSE Sensex closed at 60,967.05 (145.4, 0.2%) while the broader Nifty 500 closed at 15,334.35 (-65.4, -0.4%)
Market breadth is sharply down. Of the 1,820 stocks traded today, 396 were on the uptrend, and 1,385 went down.
Tanla Platforms, Supreme Petrochem, EPL, and TeamLease Services are trading with higher delivery volumes compared to Friday.
Multi Commodity Exchange of India's net profit declines 44% YoY to Rs 32.66 crore with a 27% fall in the total income to Rs 99.3 crore.
Deepak Fertilizers and Petrochemicals Corporation raises Rs 510 crore through a qualified institutional placement of equity shares.
IndiaMART InterMESH’s net profit grows by 18% YoY to Rs 82 crore with revenues up by 18% to Rs 213.8 crore
Asian Paints shares are down on reports of a whistleblower's complaint flagging certain related party transactions with the company's promoters that impacted other investors' interests. The company clarified that these transactions were done according to the law.
ICICI Direct maintains a ‘Hold’ rating on Mphasis with a target price upside of 5% as it expects the company to increase deal sizes and expand business in the European market.
Nomura Singapore buys a 3.8% stake in Karda Constructions acquiring 2.3 crore shares in Q2FY22.
ICICI Bank is trading with more than five times its weekly average trading volume. CSB Bank and KEC International are trading at more than three times their weekly average trading volumes.
Orient Electric's revenue rises by 37% YoY to Rs 594 crore with net profits up by 7.2% to Rs 34.7 crore.
Ashish Kacholia buys 3.3 lakh shares of Sastasundar Ventures in Q2FY22, taking a 1% stake in the company.
Motilal Oswal maintains a 'Neutral' rating on PVR with a 5% target price downside citing the ramp up of OTT platforms resulting in cinema's exclusive window for movies reducing to four weeks.
Rakesh Jhunjhunwala buys 1.8 crore shares of Federal Bank (0.9% stake) and 50 lakh shares of Indiabulls Real Estate (1.1% stake) in Q2FY22.
Reliance Industries’ Q2FY22 net profit rises by 46% YoY to Rs 15,479 crore with a 49.8% growth in revenue to Rs 1.7 lakh crore.
Nifty 50 was trading at 18,081.15 (-33.8, -0.2%) , BSE Sensex was trading at 60,832.41 (10.8, 0.0%) while the broader Nifty 500 was trading at 15,316.10 (-83.6, -0.5%)
Market breadth is overwhelmingly negative. Of the 1,750 stocks traded today, 446 were in the positive territory and 1,237 were negative.
Riding High:
Largecap and midcap gainers today include ICICI Bank Ltd. (847.00, 11.55%), Oil India Ltd. (226.15, 7.97%) and Torrent Pharmaceuticals Ltd. (3141.85, 5.81%).
Downers:
Largecap and midcap losers today include Indian Railway Catering & Tourism Corporation Ltd. (4022.35, -12.98%), Info Edge (India) Ltd. (5920.00, -5.88%) and Atul Ltd. (9110.00, -5.59%).
Volume Shockers
13 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included ICICI Bank Ltd. (847.00, 11.55%), Mangalore Refinery And Petrochemicals Ltd. (54.75, 8.74%) and KEC International Ltd. (526.35, 7.03%).
Top high volume loser on BSE was The Ramco Cements Ltd. (941.90, -2.28%).
CSB Bank Ltd. (306.20, 0.07%) was trading at 27.3 times of weekly average. S H Kelkar & Company Ltd. (156.45, 4.68%) and Gujarat Mineral Development Corporation Ltd. (74.60, 2.54%) were trading with volumes 6.0 and 5.0 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
17 stocks overperformed with 52 week highs, while 4 stocks were underachievers and hit their 52 week lows.
Stocks touching their year highs included - Axis Bank Ltd. (845.00, 3.47%), Bank of Baroda (96.50, 2.06%) and Canara Bank (201.95, 1.69%).
Stocks making new 52 weeks lows included - Biocon Ltd. (321.85, -0.60%) and Strides Pharma Science Ltd. (531.80, -2.76%).
5 stocks climbed above their 200 day SMA including Greaves Cotton Ltd. (133.40, 0.64%) and PNB Housing Finance Ltd. (524.05, 0.46%). 30 stocks slipped below their 200 SMA including IndiaMART InterMESH Ltd. (7323.95, -7.43%) and MMTC Ltd. (43.80, -4.05%).