Trendlyne Analysis
Nifty 50 closed at 17,511.30 (-5.6, -0.0%) , BSE Sensex closed at 58,786.67 (-20.5, -0.0%) while the broader Nifty 500 closed at 15,155.00 (28.4, 0.2%)
Market breadth is in the green. Of the 1,817 stocks traded today, 1,123 were on the uptrend, and 662 went down.
Jyothy Labs, TeamLease Services, Sanofi India, and Godrej Agrovet are trading with higher volumes as compared to Thursday.
Marksans Pharma surges on the bourses after the UK health regulator approves its anti-diarrhoea medication capsules 'Loperamide'. Marksans plans to manufacture this product at its oral dosage facility in Goa.
Deepak Fertilisers rises as its arm Smartchem Technologies invests Rs 2,200 crore in global scale technical ammonium nitrate (TAN) plant with capacity on 377 kilo-tonne per annum in Gopalpur. The plant is expected to be built by August 2024.
Metro Brand's Rs 1,367.5 crore IPO gets bids for over 27% of its available 2.73 crore shares on offer. Retail investors bid for over 52% their quota of 95.55 lakh shares on the first day of bidding. The offer comprises of a fresh issue of Rs 295 crore and an offer for sale of Rs 1,072.5 crore.
Shriram Properties’ Rs 600-crore IPO gets bids for 4.6X of the available 2.93 crore shares on offer on the last day. Retail investors bid for 12.7X the quota of 52.83 lakh shares. The offer comprises a fresh issue of Rs 250 crore and an offer for sale of Rs 350 crore.
Siemens is rising after Edelweiss maintains a ‘Buy’ rating on the stock. The company’s order cycle volatility is down over the past two quarters. With increasing Capex plans across automation, digital and medium voltage sectors, Siemens will scale up business in H2FY22.
Bajaj Electricals is trading with more than 17 times its weekly average trading volumes. Thermax, CreditAccess Grameen, Minda Corporation, and Siemens are trading with more than six times their weekly average trading volumes.
MapmyIndia's Rs 1,040 crore IPO gets bids for over 6.16X of its available one crore shares on offer. Retail investors bid for over 7.16X their quota of 35.22 lakh shares on the second day of bidding. The offer is entirely an offer-for-sale by selling shareholders.
HFCL approves the issue and allotment of 8.73 crore Equity Shares to 21 qualified institutional buyers at the issue price of Rs 68.75 per Equity Share, aggregating to Rs 600 crores. Major allotees include Reliance Ventures, Quant Mutual Fund, BNP Paribas Arbitrage among many others.
Bajaj Electricals rises as its board of directors approve a review of the company's structure to unlock growth and value creation due to the nature and potential opportunities of each of its business segments.
Star Health and Allied Insurance Company’s shares list at a 6% discount to the issue price of Rs 900 on its debut on the bourses. This is after receiving bids for only 79% of total shares on offer on back of oversubscription of 1.1X times in the retail quota. This led to a reduction of the IPO's offer for sale size gets to Rs 4,400 crore from Rs 5,249 crore.
HWIC Asia Fund, an affiliate of Fairfax Financial Holdings, sells a 2.75% stake in IIFL Finance (1.04 crore shares) for Rs. 312.7 crore through a bulk deal on Thursday. This brings the fund's shareholding in the company down to less than 1%. In another bulk deal, Smallcap World Fund Inc buys an additional 0.94% stake or 35.6 lakh shares in the company at Rs 300 apiece. This takes Smallcap World Fund's stake up to 5.18%.
Metro Brands raises Rs 410 crore ahead of its IPO by selling 82.05 lakh shares at Rs 500 a piece to anchor investors, including HDFC Life Insurance Company, SBI Life Insurance, Tata AIA Life Insurance, HDFC Mutual Fund (MF), Aditya Birla Sun Life MF, Sundaram MF, and ICICI Prudential MF among other investors.
Gloom in markets in mid day trading. Nifty 50 was trading at 17,420.60 (-96.3, -0.6%) , BSE Sensex was trading at 58,436.35 (-370.8, -0.6%) while the broader Nifty 500 was trading at 15,083.30 (-43.3, -0.3%)
Market breadth is in the green. Of the 1,806 stocks traded today, 1,046 were on the uptrend, and 729 went down.
Riding High:
Largecap and midcap gainers today include IDBI Bank Ltd. (53.95, 10.89%), Siemens Ltd. (2,445.35, 7.65%) and Thermax Ltd. (1,845.85, 5.29%).
Downers:
Largecap and midcap losers today include SBI Cards and Payment Services Ltd. (921.95, -3.54%), NHPC Ltd. (32.10, -2.43%) and Atul Ltd. (8,904.05, -2.05%).
Volume Shockers
36 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Network 18 Media & Investments Ltd. (111.80, 18.68%), CreditAccess Grameen Ltd. (608.05, 14.31%) and TV18 Broadcast Ltd. (49.75, 11.55%).
Top high volume losers on BSE were SBI Cards and Payment Services Ltd. (921.95, -3.54%), Akzo Nobel India Ltd. (2,049.00, -1.76%) and IIFL Wealth Management Ltd. (1,470.25, -1.42%).
Bajaj Electricals Ltd. (1,124.70, 7.47%) was trading at 23.0 times of weekly average. Minda Corporation Ltd. (174.75, 6.75%) and Thermax Ltd. (1,845.85, 5.29%) were trading with volumes 11.8 and 10.3 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
11 stocks hit their 52-week highs, while 2 stocks hit their 52-week lows.
Stocks touching their year highs included - Bajaj Holdings & Investment Ltd. (5,578.15, 2.02%), GlaxoSmithKline Pharmaceuticals Ltd. (1,888.00, 1.06%) and Vodafone Idea Ltd. (16.40, 0.00%).
Stocks making new 52 weeks lows included - Gulf Oil Lubricants India Ltd. (490.35, -0.54%) and Strides Pharma Science Ltd. (459.00, -1.11%).
24 stocks climbed above their 200 day SMA including Bajaj Electricals Ltd. (1,124.70, 7.47%) and Future Consumer Ltd. (7.25, 5.84%). 3 stocks slipped below their 200 SMA including Schneider Electric Infrastructure Ltd. (112.40, -1.71%) and Edelweiss Financial Services Ltd. (75.55, -1.24%).