Trendlyne Blog: Trendlyne Marketwatch, Latest on stock market and finance in India and the world.

27 Sep 2021, 03:52PM

Market closes higher, Societe Generale buys 32 lakh shares of Axis Bank

Nifty 50 closed at 17,855.10 (1.9, 0.0%) , BSE Sensex closed at 60,077.88 (29.4, 0.1%) while the broader Nifty 500 closed at 15,189.05 (-2.9, -0.0%)

Market breadth is in the red. Of the 1818 stocks traded today, 752 were in the positive territory and 995 were negative.

Torrent Pharmaceuticals, Tata Communications, Zensar Technologies, and Route Mobile are trading with higher delivery volumes compared to Friday.
Axis Securities maintains a 'Buy' rating on Can Fin Homes with a target price at a 23% upside due to the housing finance company's strong asset quality (gross NPAs are less than 1% of total assets).
TCNS Clothing Co. is trading in the green with seven times its weekly average trading volume, BSE, MMTC, and SKF India are trading with more than four times their weekly average trading volume.
EIH, Chalet Hotels, Indian Hotels Company, and Taj GVK Hotels & Resorts are rising due to a pick up in travel as the economy opens up.
PSP Projects' industrial engineering segment wins orders worth Rs 421 crore in Gujarat. This is the second order win in September, taking the company's total order inflows to Rs 553 crore.
HDFC Bank plans to double its rural reach by expanding its services to 2 lakh villages in the next two years.
Axis Bank is rising as Societe Generale buys 32 lakh shares in the private bank for Rs 255 crore in a bulk deal on Friday.
Reliance Infrastructure is rising as the power company will raise $100 million (Rs 750 crore) through convertible debt securities. In July, the company raised Rs Rs 550 crore through a preferential allotment of 8.8 crore equity shares.
Motilal Oswal maintains a 'Buy' rating on United Spirits with an 18% target price upside stating that the company recovered swiftly after the second Covid-19 wave as 70% of liquor outlets were operational as of August.
Balkrishna Industries will raise Rs 1,000 crore through debt. Earlier this month, the tyre maker said it would spend Rs 1,000 crore to expand capacity at its Maharashtra manufacturing plant.
NBCC is rising as it wins an engineering, procurement, and construction (EPC) order worth Rs 968 crore for a social housing project in the Maldives.
PVR and Inox Leisure are rising as the Maharashtra government announces that theatres in the state will reopen on October 22.
Zee Entertainment Enterprises' largest shareholder Invesco Fund urges the company to conduct an extraordinary general meeting (EGM) before completing its merger with Sony Pictures Networks India.
Upbeat trading today, as Nifty 50 was trading at 17,907.90 (54.7, 0.3%) , BSE Sensex was trading at 60,351.59 (303.1, 0.5%) while the broader Nifty 500 was trading at 15,223.90 (32.0, 0.2%)
Market breadth is in the green. Of the 1741 stocks traded today, 1095 were gainers and 555 were losers.

Riding High:

Largecap and midcap gainers today include Tata Motors Limited (DVR) (172.25, 6.79%), Maruti Suzuki India Ltd. (7403.45, 6.49%) and IDBI Bank Ltd. (41.25, 6.31%).

Downers:

Largecap and midcap losers today include MindTree Ltd. (4347.25, -5.52%), HCL Technologies Ltd. (1295.20, -4.64%) and Larsen & Toubro Infotech Ltd. (5980.20, -4.03%).

Crowd Puller Stocks

26 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included EIH Ltd. (140.95, 12.04%), Chalet Hotels Ltd. (239.35, 10.53%) and Sterling and Wilson Solar Ltd. (387.35, 9.04%).

Top high volume losers on BSE were Metropolis Healthcare Ltd. (2945.65, -3.59%), APL Apollo Tubes Ltd. (868.85, -2.83%) and JK Paper Ltd. (232.50, -1.32%).

Equitas Small Finance Bank Ltd. (61.70, 4.14%) was trading at 25.8 times of weekly average. Gateway Distriparks Ltd. (229.75, -0.56%) and TCNS Clothing Co. Ltd. (646.20, 3.43%) were trading with volumes 11.8 and 8.9 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

33 stocks made 52 week highs,

Stocks touching their year highs included - Bajaj Holdings & Investment Ltd. (4993.10, 2.09%), Indus Towers Ltd. (314.05, -1.13%) and Blue Dart Express Ltd. (6435.05, -0.30%).

10 stocks climbed above their 200 day SMA including Maruti Suzuki India Ltd. (7403.45, 6.49%) and Au Small Finance Bank Ltd. (1124.20, 4.89%). 8 stocks slipped below their 200 SMA including Shriram Transport Finance Company Ltd. (1324.15, -2.33%) and Sanofi India Ltd. (7943.00, -1.87%).

Trendlyne Marketwatch

24 Sep 2021

Market closes higher, IndusInd Bank invokes 50 lakh pledged shares of McLeod Russel

Nifty 50 closed at 17,853.20 (30.3, 0.2%) , BSE Sensex closed at 60,048.47 (163.1, 0.3%) while the broader Nifty 500 closed at 15,191.95 (-13.5, -0.1%)

Market breadth is in the red. Of the 1799 stocks traded today, 590 were on the uptrend, and 1158 went down.

Rashtriya Chemicals & Fertilizers, Chambal Fertilisers & Chemicals, Madras Fertilizers, and National Fertilizers trade higher as reports suggest the government will increase fertilizer subsidy by Rs 25,000 crore for FY22.
Happiest Minds Technologies, Ratnamani Metals & Tubes, SJVN, and Equitas Holdings are trading with higher delivery volumes compared to Thursday.
Ircon International is rising as the construction company wins orders worth Rs 2,400 crore to set up a 500 megawatt solar power plant.
IIFL Finance plans to raise Rs 1,000 crore through debt to meet credit requirements and enhance its digital presence.
ICICI Securities maintains a 'Buy' rating on CESC and a 'Reduce' rating on Torrent Power following Torrent Power's acquisition of CESC's 156 megawatt wind power plants for Rs 790 crore.
Dilip Buildcon, Ircon International, Indo Count Industries, and Rashtriya Chemicals & Fertilizers are trading with more than three times their weekly average trading volume.
GR Infraprojects wins an order worth Rs 927 crore from the National Highways Authority of India to develop a six lane highway in Punjab.
KPR Mill is rising as the shares of the textile company turn ex-date following its 5:1 stock split on September 24.
Axis Direct maintains a 'Buy' rating on Federal Bank with a 23% target price upside because of the company's focus on increasing credit card issuance, microfinance loans, and commercial vehicle financing.
IndusInd Bank acquires 50 lakh shares (4.8% stake) in McLeod Russel India by invoking the tea manufacturer's pledged shares.
TeamLease Services' promoter HR Offshoring Ventures sells 85,400 shares (0.5% stake) worth Rs 36.3 crore in an insider trade on Wednesday.
PVR is falling as CRISIL Ratings downgrades the company's debt rating to "A+" from "AA-." The rating agency expects PVR's business to be negatively impacted due to poor content pipeline and capacity restrictions in Maharashtra.
Sansera Engineering lists at Rs 811.5 per share, a 9% premium to the issue price of Rs 744 per share. The auto-components company's IPO was a complete offer for sale of Rs 1,293 crore.
Mining company Vedanta will delist its American Depository Receipts (ADRs) from the New York Stock Exchange. The company's ADRs constitute 4% of its equity.
Upbeat trading today, as Nifty 50 was trading at 17,909.95 (87, 0.5%) , BSE Sensex was trading at 60,182.86 (297.5, 0.5%) while the broader Nifty 500 was trading at 15,266.00 (60.6, 0.4%)
Market breadth is ticking up strongly. Of the 1710 stocks traded today, 1119 were gainers and 510 were losers.

Riding High:

Largecap and midcap gainers today include Indus Towers Ltd. (317.65, 13.83%), Oberoi Realty Ltd. (932.00, 10.00%) and Vodafone Idea Ltd. (11.50, 9.00%).

Downers:

Largecap and midcap losers today include Apollo Hospitals Enterprise Ltd. (4731.80, -6.93%), Dr. Lal Pathlabs Ltd. (3889.65, -3.72%) and SBI Cards and Payment Services Ltd. (1011.20, -3.60%).

Volume Shockers

23 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Indus Towers Ltd. (317.65, 13.83%), Rashtriya Chemicals & Fertilizers Ltd. (82.50, 11.26%) and Chambal Fertilisers & Chemicals Ltd. (341.15, 11.23%).

Top high volume losers on BSE were Apollo Hospitals Enterprise Ltd. (4731.80, -6.93%), Shilpa Medicare Ltd. (559.25, -2.03%) and Bayer Cropscience Ltd. (5354.70, -0.93%).

Dilip Buildcon Ltd. (572.15, 3.27%) was trading at 6.5 times of weekly average. Cera Sanitaryware Ltd. (4990.40, 8.78%) and Kajaria Ceramics Ltd. (1242.15, 6.44%) were trading with volumes 6.3 and 6.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

48 stocks made 52 week highs,

Stocks touching their year highs included - Apollo Hospitals Enterprise Ltd. (4731.80, -6.93%), Asian Paints Ltd. (3448.60, 3.85%) and Bajaj Finserv Ltd. (18526.00, 0.12%).

10 stocks climbed above their 200 day SMA including Dilip Buildcon Ltd. (572.15, 3.27%) and Ircon International Ltd. (45.80, 2.81%). 10 stocks slipped below their 200 SMA including Housing and Urban Development Corporation Ltd. (44.70, -3.66%) and Jindal Steel & Power Ltd. (359.15, -3.23%).

Trendlyne Marketwatch

23 Sep 2021

Market closes higher, Godrej Properties, Phoenix Mills hit lifetime highs

Markets closed higher. Nifty 50 closed at 17,822.95 (276.3, 1.6%) , BSE Sensex closed at 59,885.36 (958.0, 1.6%) while the broader Nifty 500 closed at 15,205.45 (214.9, 1.4%)

Market breadth is in the green. Of the 1788 stocks traded today, 1073 were gainers and 652 were losers.

eClerx Services, Heidelberg Cement India, TeamLease Services, and Kansai Nerolac Paints are trading with higher delivery volumes compared to Wednesday.
Axis Direct maintains a 'Hold' rating on Abbott India with a target price at a 2.5% downside expecting its strong presence in the branded generics market to remain robust in FY22.
Jindal Steel and Power wins a mining lease for the Kasia iron ore mine with a reserve of 278 million tonnes from the Odisha government.
JBM Auto is rising as the auto components maker receives an order to supply parts for 500 CNG and electric buses from municipal bodies in Delhi, Bangalore, and Uttar Pradesh.
Hemisphere Properties India, Welspun India, Raymond, and DLF are trading with more than three times their weekly average trading volume.
Nifty Realty is trading higher led by gains in Godrej Properties, DLF, Oberoi Realty, and Phoenix Mills.
Bharti Airtel's rights issue worth Rs 21,000 crore will open on October 5 and close on October 21 at an issue price of Rs 535 per share.
Edelweiss maintains a 'Buy' on Tech Mahindra with a 14% target price upside as the IT services company's R&D lab (Makers Lab) has applied for a Covid-19 treatment drug patent. The management expects Makers Lab to generate revenues of over Rs 7,000 crore in the coming years.
Sundaram Fasteners' Managing Director Arathi Krishna expects demand for auto-components to revive in Q3FY22 due to a recovery in domestic automobile sales.
Bank of India plans to raise Rs 1,800 crore in debt to meet regulatory requirements and fuel business growth. In August, the public bank raised Rs 2,550 crore by issuing equity to institutional investors.
Tejas Networks is rising as its partners with Bharti Airtel to expand the telecommunications company's 5G, broadband, and B2B services network in metro cities.
Jubilant Ingrevia's wholly owned subsidiary Jubilant Life Sciences divests its entire 10% stake in Safe Foods Corporation for Rs 134 crore.
IDFC's shareholders reject the decision to re-appoint Vinod Rai as a non-independent and non-executive director to the company's board.
The market opened on an upbeat note. Nifty 50 was trading at 17,689.30 (142.7, 0.8%) , BSE Sensex was trading at 59,383.02 (455.7, 0.8%) while the broader Nifty 500 was trading at 15,119.30 (128.8, 0.9%)
Market breadth is surging up. Of the 1698 stocks traded today, 1465 were on the uptick, and 176 were down.

Riding High:

Largecap and midcap gainers today include Oberoi Realty Ltd. (847.30, 12.87%), Godrej Properties Ltd. (2199.30, 12.72%) and DLF Ltd. (401.85, 8.89%).

Downers:

Largecap and midcap losers today include Zee Entertainment Enterprises Ltd. (318.20, -5.52%), ICICI Lombard General Insurance Company Ltd. (1576.75, -3.13%) and Endurance Technologies Ltd. (1562.40, -2.41%).

Crowd Puller Stocks

18 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Welspun India Ltd. (157.80, 13.36%), Oberoi Realty Ltd. (847.30, 12.87%) and Godrej Properties Ltd. (2199.30, 12.72%).

Top high volume loser on BSE was AIA Engineering Ltd. (2006.85, -0.94%).

Blue Star Ltd. (850.40, 0.05%) was trading at 28.4 times of weekly average. KRBL Ltd. (290.10, 6.36%) and Housing and Urban Development Corporation Ltd. (46.40, 7.04%) were trading with volumes 8.7 and 7.9 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

55 stocks made 52 week highs,

Stocks touching their year highs included - Allcargo Logistics Ltd. (257.60, -2.00%), Apollo Hospitals Enterprise Ltd. (5084.20, 3.66%) and Bajaj Finance Ltd. (7899.05, 1.35%).

21 stocks climbed above their 200 day SMA including Housing and Urban Development Corporation Ltd. (46.40, 7.04%) and Dilip Buildcon Ltd. (554.05, 6.76%). 2 stocks slipped below their 200 SMA including Coromandel International Ltd. (806.15, -1.54%) and Spicejet Ltd. (77.85, -0.45%).

Trendlyne Marketwatch

21 Sep 2021

Market closes higher, Tata Motors to hike CV prices by 2%

Upbeat trading today. Nifty 50 closed at 17,562.00 (165.1, 1.0%) , BSE Sensex closed at 59,005.27 (514.3, 0.9%) while the broader Nifty 500 closed at 14,946.30 (119.6, 0.8%)

Market breadth is in the red. Of the 1793 stocks traded today, 810 were on the uptick, and 924 were down.

Gujarat Fluorochemicals, PNC Infratech, Rossari Biotech, and SBI Cards and Payment Services are trading with higher delivery volumes compared to Monday.
Tata Motors will raise commercial vehicle prices by around 2% from October 1 because of rising input costs.
Axis Securities maintains a 'Buy' rating on Camlin Fine Sciences with a 21% target price upside due to its high share of exports (87% of revenue) and planned capacity expansion in FY22.
Paras Defence and Space Technologies' Rs 170.8 crore IPO is subscribed by 5 times of the shares on offer with the retail portion receiving bids for 10 times the available quota on day 1 of the bidding process.
SpiceJet's shareholders approve the transfer of the airline operator's logistics business to SpiceXpress and Logistics for Rs 2,555 crore.
SBI Cards and Payment Services is trading in the red with more than 32 times its weekly average trading volume. Godrej Properties, KEC International, and Inox Leisure are trading with more than three times their weekly average trading volume.
HDFC Bank's head of retail assets Arvind Kapil said the private lender aims to double its retail loan book in FY22. At the end of Q1FY22, the bank's retail loan book was Rs 3.7 lakh crore, 32% of disbursed loans.
Kitex Garments signs a memorandum of understanding with the Telangana State Government to invest Rs 2,400 crore for two industrial projects in the state.
Rakesh Jhunjhunwala sells nearly 1 lakh shares (0.44% stake) in The Mandhana Retail Ventures in an open market transaction on Monday.
Adani Ports & Special Economic Zone receives approval from the Competition Commission of India (CCI) for its acquisition of a 10.4% stake in the Gangavaram Port.
HDFC Securities initiates coverage on newly listed cement maker Nuvoco Vistas Corporation with a 'Buy' rating and a 53% target price upside due to its leadership position in eastern states and its expansion into Karnataka.
Paras Defence and Space Technologies raises Rs 51 crore from five anchor investors at Rs 175 per share ahead of its Rs 170.8 crore IPO.
Reports suggest that the private equity firm Carlyle Group will sell nearly 3.2 crore shares (3.4% stake) in SBI Cards and Payment Services for Rs 3,267 crore.
Nifty 50 was trading at 17,454.20 (57.3, 0.3%) , BSE Sensex was trading at 58,649.01 (158.1, 0.3%) while the broader Nifty 500 was trading at 14,850.70 (24.0, 0.2%)
Market breadth is in the red. Of the 1701 stocks traded today, 667 were on the uptrend, and 947 went down.

Riding High:

Largecap and midcap gainers today include Oil India Ltd. (208.90, 7.05%), IDBI Bank Ltd. (39.15, 5.95%) and JSW Steel Ltd. (668.95, 5.65%).

Downers:

Largecap and midcap losers today include Adani Transmission Ltd. (1642.90, -5.00%), The New India Assurance Company Ltd. (163.60, -3.40%) and Dalmia Bharat Ltd. (2157.05, -2.90%).

Movers and Shakers

11 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Brigade Enterprises Ltd. (401.20, 9.24%), Himadri Speciality Chemical Ltd. (53.00, 9.17%) and Gujarat Narmada Valley Fertilizers & Chemicals Ltd. (383.00, 7.81%).

Top high volume loser on BSE was SBI Cards and Payment Services Ltd. (1069.90, -0.22%).

Varun Beverages Ltd. (918.30, 4.79%) was trading at 7.3 times of weekly average. Godrej Properties Ltd. (1723.65, 4.78%) and Prestige Estates Projects Ltd. (418.85, 5.80%) were trading with volumes 6.5 and 5.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

15 stocks overperformed with 52 week highs,

Stocks touching their year highs included - Allcargo Logistics Ltd. (255.20, 4.46%), Bajaj Finance Ltd. (7813.85, 4.99%) and Bajaj Finserv Ltd. (17587.25, 3.34%).

5 stocks climbed above their 200 day SMA including Jindal Steel & Power Ltd. (361.60, 2.99%) and Gujarat Pipavav Port Ltd. (101.95, 2.05%). 18 stocks slipped below their 200 SMA including Indiabulls Housing Finance Ltd. (208.45, -3.32%) and Balmer Lawrie & Company Ltd. (129.65, -2.34%).

Trendlyne Marketwatch

20 Sep 2021

Market closes lower, Kotak Mahindra Bank to acquire a 9.9% stake in KFin Technologies

Indian markets slumped today. Nifty 50 closed at 17,396.90 (-188.3, -1.1%) , BSE Sensex closed at 58,490.93 (-525.0, -0.9%) while the broader Nifty 500 closed at 14,826.75 (-200.5, -1.3%)

Market breadth is overwhelmingly negative. Of the 1818 stocks traded today, 356 were gainers and 1424 were losers.

Shriram City Union Finance, Phoenix Mills, Kansai Nerolac Paints, and WABCO India are trading with higher delivery volumes compared to Friday.
Kotak Mahindra Bank will purchase 1.6 crore shares (9.9% stake) in KFin Technologies (formerly Karvy Fintech) for Rs 310 crore. The acquisition will be completed by the end of October.
Indian Hotels Company, Gujarat Narmada Valley Fertilizers & Chemicals, Lemon Tree Hotels, and Rail Vikas Nigam are trading with more than five times their average weekly trading volume.
KEC International will acquire a 100% stake in Spur Infrastructure, and engineering, procurement, and construction in the oil and gas sector, for Rs 62 crore.
Larsen & Toubro's wholly owned subsidiary L&T Hydrocarbon Engineering wins an order worth Rs 1,000-2,000 crore from Petronet LNG to build two LNG storage in Gujarat.
Indian Hotels Company, EIH, Chalet Hotels, and Taj GVK Hotels & Resorts are rising due to a pick up in travel as the economy opens up. In August 2021, domestic air traffic improved by 33% MoM to 67 lakh passengers.
SpiceJet is rising as the airline operator receives Rs 300 crore as a lease rental waiver for four of its Boeing 737 Max airplanes.
Private equity firm Advent International will acquire a 72.5% stake in Forbes & Company's wholly owned subsidiary Eureka Forbes for Rs 4,400 crore. Eureka Forbes will demerge from Forbes & Company and list on exchanges.
Eicher Motors is falling as reports suggest as the company's Chief Commercial Officer Lalit Malik and Global Marketing Head Shubranshu Singh are set to leave the company.
Blackrock Group buys over 3 lakh shares (0.03%) in Zee Entertainment Enterprises in an open market transaction on Wednesday. Last week, Rakesh Jhunjhunwala's Rare Enterprises and Bank of America Securities bought 50 lakh and 48.6 lakh shares in the company, respectively.
ICICI Securities maintains a 'Buy' rating on Sunteck Realty and increases its target price upside by 22% following the realty company announcing its upcoming 1 crore square ft residential project in Shahad located within the Mumbai Metropolitan Region (MMR).
Nazara Technologies' esports subsidiary Nodwin Gaming acquires OML Entertainment's gaming and live events business for Rs 73 crore.
DishTV India's board of directors approve an application to postpone its annual general meeting from the original date of September 27. Last week, the company's institutional investor Yes Bank submitted a notice to remove five directors from DishTV India's board.
Nifty 50 was trading at 17,507.30 (-77.9, -0.4%) , BSE Sensex was trading at 58,877.12 (-138.8, -0.2%) while the broader Nifty 500 was trading at 14,944.20 (-83.1, -0.6%)
Market breadth is overwhelmingly negative. Of the 1745 stocks traded today, 506 showed gains, and 1160 showed losses.

Riding High:

Largecap and midcap gainers today include Indian Hotels Company Ltd. (161.05, 8.05%), GMR Infrastructure Ltd. (34.05, 7.92%) and Hindustan Unilever Ltd. (2800.35, 2.87%).

Downers:

Largecap and midcap losers today include Tata Steel Ltd. (1253.10, -9.58%), Jindal Steel & Power Ltd. (351.10, -9.18%) and Steel Authority of India (SAIL) Ltd. (105.80, -8.12%).

Movers and Shakers

16 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Indian Hotels Company Ltd. (161.05, 8.05%), GMR Infrastructure Ltd. (34.05, 7.92%) and Timken India Ltd. (1803.25, 7.16%).

Top high volume losers on BSE were Tata Steel Ltd. (1253.10, -9.58%) and Lemon Tree Hotels Ltd. (39.30, -2.48%).

EIH Ltd. (110.80, 3.12%) was trading at 8.3 times of weekly average. Gujarat Narmada Valley Fertilizers & Chemicals Ltd. (355.25, 6.25%) and Chalet Hotels Ltd. (183.50, 1.89%) were trading with volumes 8.2 and 7.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

23 stocks took off, crossing 52 week highs,

Stocks touching their year highs included - Allcargo Logistics Ltd. (244.30, 2.00%), Dabur India Ltd. (645.65, -1.27%) and Escorts Ltd. (1439.45, -0.90%).

6 stocks climbed above their 200 day SMA including EPL Ltd. (245.90, 3.23%) and Whirlpool of India Ltd. (2289.90, 1.91%). 21 stocks slipped below their 200 SMA including Jindal Steel & Power Ltd. (351.10, -9.18%) and NMDC Ltd. (136.00, -7.73%).

Trendlyne Marketwatch

17 Sep 2021

Market closes lower, CESC rises post stock split

Nifty 50 closed at 17,585.15 (-44.4, -0.3%) , BSE Sensex closed at 59,015.89 (-125.3, -0.2%) while the broader Nifty 500 closed at 15,027.25 (-77.7, -0.5%)

Market breadth is highly negative. Of the 1789 stocks traded today, 457 were in the positive territory and 1278 were negative.

Adani Transmission, Adani Total Gas, Tanla Platforms, and Mahindra Logistics are trading with higher delivery volumes compared to Thursday.
CESC is trading higher after its stock split comes into effect. The power utility company's board of directors fixed September 17 as the record day for its stock split in a 1:10 ratio.
Bajaj Holdings & Investment is trading in the green with more than 25 times its weekly average trading volume. Karur Vysya Bank, Adani Transmission, and Biocon are trading with more than five times their weekly average trading volume.
Kotak Mahindra Bank acquires Volkswagen Finance, the German automobile maker's vehicle financing business for an undisclosed amount. Volkswagen Finance's outstanding loan book is worth Rs 1,340 crore.
Bharti Airtel is rising as the telecom company raises the price of its pre-paid and home broadband connections due to the pricing change of the OTT platform Disney+Hotstar.
Sudarshan Chemical Industries' promoters sell 5.6 lakh shares (0.8% stake) worth Rs 37.4 crore in two insider trades on Wednesday.
TVS Motor Company purchases an 80% stake in EGO Movement, a Swiss electric bicycle maker, for Rs 132 crore through its Singapore subsidiary.
Hindustan Copper's offer for sale is subscribed by 1.4 times the shares on offer with institutional investors placing bids worth Rs 700 crore.
ITC hits a 52 week high and is trading with high volume. The conglomerate's stock is up by 10% this week, the second highest gain among Nifty50 companies this week.
Axis Securities maintains a 'Buy' rating on MindTree with a target price upside of 12% based on the management's guidance of double digit growth in FY22 expecting large deal wins.
Biocon's subsidiary Biocon Biologics will sell a 15% stake to Serum Institute Life Sciences, a subsidiary of Serum Institute of India, for $4.9 billion (Rs 36,000 crore).
Hero MotoCorp will raise the ex-showroom prices of its motorcycles and scooters due to rising input prices from September 20. The price hike will be capped at Rs 3,000 depending on the range of the two-wheelers.
The market opened on an upbeat note. Nifty 50 was trading at 17,734.70 (105.2, 0.6%) , BSE Sensex was trading at 59,441.85 (300.7, 0.5%) while the broader Nifty 500 was trading at 15,165.85 (61.0, 0.4%)
Market breadth is in the green. Of the 1,713 stocks traded today, 932 were gainers and 692 were losers.

Riding High:

Largecap and midcap gainers today include InterGlobe Aviation Ltd. (2196.05, 10.92%), Kotak Mahindra Bank Ltd. (2007.95, 5.30%) and JSW Energy Ltd. (323.45, 3.89%).

Downers:

Largecap and midcap losers today include IDBI Bank Ltd. (39.15, -7.12%), Tata Motors Limited (DVR) (146.55, -6.66%) and Oil India Ltd. (199.80, -5.53%).

Volume Shockers

56 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included InterGlobe Aviation Ltd. (2196.05, 10.92%), IFCI Ltd. (12.75, 6.69%) and DCM Shriram Ltd. (1036.80, 6.00%).

Top high volume losers on BSE were Rajesh Exports Ltd. (581.65, -5.23%), Adani Transmission Ltd. (1820.35, -5.00%) and Aster DM Healthcare Ltd. (216.35, -4.80%).

Bajaj Holdings & Investment Ltd. (4398.85, 1.84%) was trading at 39.7 times of weekly average. KSB Ltd. (1244.60, 3.61%) and India Tourism Development Corporation Ltd. (407.75, 5.38%) were trading with volumes 27.9 and 26.3 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

39 stocks made 52 week highs,

Stocks touching their year highs included - Axis Bank Ltd. (807.35, 0.59%), Bajaj Electricals Ltd. (1490.80, 3.33%) and Bajaj Finance Ltd. (7428.80, 0.23%).

13 stocks climbed above their 200 day SMA including Himadri Speciality Chemical Ltd. (50.05, 5.59%) and Spicejet Ltd. (78.55, 3.42%). 13 stocks slipped below their 200 SMA including Infibeam Avenues Ltd. (42.15, -5.81%) and Aditya Birla Capital Ltd. (109.40, -4.79%).

Trendlyne Marketwatch

16 Sep 2021

Market closes higher, Yes Bank raises concern on DishTV's investment in Watcho

Markets rose in today's trading. Nifty 50 closed at 17,629.50 (110.1, 0.6%) , BSE Sensex closed at 59,141.16 (418.0, 0.7%) while the broader Nifty 500 closed at 15,104.90 (84.4, 0.6%)

Market breadth is in the red. Of the 1795 stocks traded today, 798 were gainers and 940 were losers.

Easy Trip Planners is trading higher as the online travel company incorporates subsidiaries with operations in Thailand, Philippines, and the United States of America.
Sundaram Clayton, Shriram City Union Finance, Akzo Nobel India, and GlaxoSmithKline Pharmaceuticals are trading with higher delivery volumes compared to Wednesday.
ICICI Direct maintains a 'Buy' rating on Minda Corporation with a 25% target price upside expecting growth prospects between FY22-23 as the company is working with electric vehicle makers like Ola Electric.
Sansera Engineering's Rs 1,283 crore IPO is subscribed by 4.2 times of the shares on offer with the retail portion receiving bids for 2.5 times the available quota of shares on the final day of the bidding process.
Yes Bank raises concern about Dish TV India's Rs 1,378 crore investment in the OTT platform Watcho. Earlier this week, the bank issued a notice to the DTH company to remove five directors including founder Ashok Kurien.
IIFL Finance is trading in the red with more than 28 times its weekly average trading volume. Godfrey Phillips India, Supreme Industries, and Bosch are trading with more than five times their weekly average trading volume.
Nifty PSU Bank is rising with strong gains in Punjab & Sind Bank, Punjab National Bank, Indian Overseas Bank, and Union Bank of India.
Reports suggest Tata Sons and SpiceJet officially submit bids for the sale of Air India on Wednesday. As of July 2021, Air India's market share was 13.3% based on domestic passengers carried.
Aurobindo Pharma's promoter pledges 10 lakh shares (0.17% stake) worth Rs 73.6 crore on Monday. At the end of Q1FY22, 20.6% of promoters' shareholding was pledged.
Sunteck Realty enters into an agreement with Amar Dye Chem to develop a 50-acre land estimated at a property size of 1 crore sq ft in Kalyan near Mumbai.
Gabriel India is rising as reports suggest HDFC Asset Management Company increases its stake in the company to 7.04% from 5.02%.
Edelweiss initiates coverage on Globus Spirits with a 'Buy' rating signaling a target price upside of 22% expecting the government to increase prices of grain based ethanol which could add to the company's earnings.
STEL Holdings buys 1.8 lakh shares of RPSG Ventures for Rs 18 crore in a bulk deal on Wednesday.
Vodafone Idea is rising as the Union Cabinet announces a moratorium of four years for the payment of adjusted gross revenue (AGR) dues.
The government of India will sell 4.8 crore shares (5% stake) in Hindustan Copper at a floor price of Rs 116 per share in an offer for sale on Thursday and Friday.
Nifty 50 was trading at 17,559.55 (40.1, 0.2%) , BSE Sensex was trading at 58,881.54 (158.3, 0.3%) while the broader Nifty 500 was trading at 15,065.45 (44.9, 0.3%)
Market breadth is ticking up strongly. Of the 1,708 stocks traded today, 1,204 were gainers and 446 were losers.

Riding High:

Largecap and midcap gainers today include Vodafone Idea Ltd. (11.25, 25.70%), Indian Overseas Bank (22.75, 12.62%) and Indus Towers Ltd. (269.35, 10.14%).

Downers:

Largecap and midcap losers today include Bharat Petroleum Corporation Ltd. (439.05, -10.39%), Zee Entertainment Enterprises Ltd. (247.15, -3.42%) and REC Ltd. (156.30, -3.10%).

Movers and Shakers

43 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Vodafone Idea Ltd. (11.25, 25.70%), Indian Overseas Bank (22.75, 12.62%) and Indus Towers Ltd. (269.35, 10.14%).

Top high volume losers on BSE were IIFL Finance Ltd. (295.20, -4.68%), Lupin Ltd. (968.10, -2.15%) and Sanofi India Ltd. (8049.45, -0.85%).

CSB Bank Ltd. (316.85, 4.69%) was trading at 16.7 times of weekly average. Godfrey Phillips India Ltd. (1050.70, 4.60%) and Gateway Distriparks Ltd. (258.00, 1.67%) were trading with volumes 14.1 and 13.9 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

51 stocks hit their 52 week highs,

Stocks touching their year highs included - Allcargo Logistics Ltd. (245.75, 2.44%), Bajaj Electricals Ltd. (1442.70, 1.81%) and Bata India Ltd. (1804.80, -1.80%).

12 stocks climbed above their 200 day SMA including Vodafone Idea Ltd. (11.25, 25.70%) and Punjab National Bank (41.80, 7.87%). 10 stocks slipped below their 200 SMA including Hindustan Copper Ltd. (116.95, -6.14%) and Bajaj Consumer Care Ltd. (255.75, -1.99%).

Trendlyne Marketwatch

15 Sep 2021

Markets close higher, Sansera Engineering's Rs 1,283 crore IPO subscribed by 78% on day 2

Upbeat trading today. Nifty 50 closed at 17,519.45 (139.5, 0.8%) , BSE Sensex closed at 58,723.20 (476.1, 0.8%) while the broader Nifty 500 closed at 15,020.55 (116.2, 0.8%)

Market breadth is in the green. Of the 1,798 stocks traded today, 1,113 were on the uptrend, and 637 went down.

Kajaria Ceramics, JK Cement, Dish TV India, and Supreme Petrochem are trading with higher delivery volumes compared to Tuesday.
Hindustan Unilever receives a 'Buy' rating from Axis Securities with a target price at an 11% upside expecting the FMCG company to capitalize on higher disposable income and rising internet users in rural areas.
Sansera Engineering's Rs 1,283 crore IPO is subscribed by 78% of the shares on offer with the retail portion receiving bids for 1.4 times the available quota of shares on day two of the bidding process so far.
Rossari Biotech is trading in the green with more than 12 times its weekly average trading volume. Jamna Auto Industries, JTEKT India, and Wockhardt are trading with more than five times their weekly average trading volume.
Wipro's promoter Tariq Azim Premji buys 9.1 lakh shares worth Rs 60.7 crore in an insider trade on Monday.
Oil And Natural Gas Corporation hits a 52-week high as crude oil prices rose following an expected decline in the United States' oil production due to supply chain problems caused by Hurricane Ida.
Nifty IT is trading in the green, pulled higher by gains in MindTree, Mphasis, HCL Technologies, and Larsen & Toubro Infotech.
Axis Securities initiates coverage on ICICI Securities with a 'Buy' rating and a target price at an upside of 22% because of the brokerage's strong position in the market despite competition from discount brokers.
Life Insurance Corporation of India's (LIC) stake in LIC Housing Finance increased to 45.3% from 40.3% after the preferential allotment. Earlier this week, LIC Housing Finance issued 4.5 crore equity shares to LIC for Rs 2,335 crore.
Shree Cements' board of directors approve a Rs 4,750 capital expenditure plan in Rajasthan and West Bengal. The cement maker will invest Rs 3,500 crore to build an integrated cement plant, Rs 750 crore for a clinker grinding unit, and Rs 500 crore for solar power plants.
Acacia Conservation Fund sells 3.6 lakh shares of Esab India for Rs 80.7 crore in a bulk deal on Wednesday.
Power Finance Corporation's institutional investor UBS Group increases its stake in the company to 5.6% from 3.4% through a rights issue.
Rakesh Jhunjhunwala's Rare Enterprises and Bank of America Securities buy 50 lakh and 48.6 lakh shares of Zee Entertainment Enterprises in bulk deals on Tuesday.
Nifty 50 was trading at 17,415.60 (35.6, 0.2%) , BSE Sensex was trading at 58,370.23 (123.1, 0.2%) while the broader Nifty 500 was trading at 14m947.20 (42.9, 0.3%)
Market breadth is ticking up strongly. Of the 1m716 stocks traded today, 1,316 were in the positive territory and 347 were negative.

Riding High:

Largecap and midcap gainers today include Tata Motors Limited (DVR) (161.50, 12.82%), GMR Infrastructure Ltd. (32.30, 7.67%) and NTPC Ltd. (124.20, 7.16%).

Downers:

Largecap and midcap losers today include Zee Entertainment Enterprises Ltd. (255.90, -2.16%), Adani Green Energy Ltd. (1126.95, -1.95%) and Abbott India Ltd. (21124.30, -1.54%).

Volume Rockets

43 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Varroc Engineering Ltd. (313.05, 19.99%), Zensar Technologies Ltd. (579.30, 18.92%) and Tata Motors Limited (DVR) (161.50, 12.82%).

Top high volume losers on BSE were V-Guard Industries Ltd. (252.85, -2.37%), Zee Entertainment Enterprises Ltd. (255.90, -2.16%) and Ipca Laboratories Ltd. (2627.85, -0.37%).

Rossari Biotech Ltd. (1547.75, 8.81%) was trading at 25.3 times of weekly average. Jamna Auto Industries Ltd. (91.00, 6.25%) and Hawkins Cookers Ltd. (6350.00, 2.32%) were trading with volumes 10.9 and 9.9 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

52 stocks took off, crossing 52 week highs,

Stocks touching their year highs included - Adani Transmission Ltd. (1944.05, 0.07%), Atul Ltd. (9739.70, -1.12%) and Bajaj Electricals Ltd. (1417.05, 2.61%).

13 stocks climbed above their 200 day SMA including IFB Industries Ltd. (1168.70, 8.63%) and NLC India Ltd. (55.80, 3.91%). 4 stocks slipped below their 200 SMA including Swan Energy Ltd. (134.00, -2.30%) and Cochin Shipyard Ltd. (370.45, -1.24%).

Trendlyne Marketwatch

14 Sep 2021

Markets close higher, Sansera Engineering's IPO is 35% subscribed on day 1

Nifty 50 closed at 17380.00 (24.7, 0.1%) , BSE Sensex closed at 58247.09 (69.3, 0.1%) while the broader Nifty 500 closed at 14904.35 (52.2, 0.4%)

Market breadth is in the green. Of the 1784 stocks traded today, 1034 were on the uptick, and 699 were down.

SIS, Thermax, Gujarat Fluorochemicals, and Crompton Greaves Consumer Electricals are trading with higher delivery volumes compared to Monday.
Sequent Scientific's promoters sell over 74,000 shares worth Rs 1.7 crore in an insider trade on Monday. In Q2FY22 so far, promoters have sold 2.1 lakh shares worth over Rs 5 crore in three insider trades.
Zee Entertainment Enterprises is trading in the green with more than 18 times its weekly average trading volume. Narayana Hrudayalaya, eClerx Services, and TV18 Broadcast are trading with more than six times their weekly average trading volume.
Sansera Engineering's Rs 1,283 crore IPO is subscribed by 35% of the shares on offer on day one of the bidding process.
HDFC Securities initiates coverage on APL Apollo Tubes with a 'Buy' rating and a target price at an upside of 18% due to the company's 50% share in the steel tubes market and its pan-India distribution network.
MTAR Technologies wins an order worth $30 million (Rs 220 crore) from Bloom Energy, a US based clean energy company.
DCM Shriram's board of directors approve a proposal to buy 17.3 lakh shares of PVC compounds maker Shriram Axiall, a joint venture between DCM Shriram and Axiall LLC. Following the purchase, Shriram Axiall will become DCM Shriram's wholly owned subsidiary.
Dish TV India is rising as the Hindustan Times buys 2 crore shares in the company for Rs 38.4 crore in a bulk deal on Monday.
KNR Constructions receives a letter of acceptance for a road widening project in Telangana worth Rs 312.8 crore.
Vijaya Diagnostic Center lists at Rs 541 per share, a 2% premium to the issue price of Rs 531 per share. The diagnostic chain's IPO was a complete offer for sale of Rs 1,895 crore.
Zee Entertainment Enterprises is rising as its institutional investors holding a collective 17.8% stake in the company call for a special shareholders' meeting to remove Punit Goenka as the company's director.
Ami Organics lists at Rs 910 per share, a 50% premium to the issue price of Rs 610 per share. The specialty chemicals maker's IPO comprised of a fresh issue of Rs 200 crore and an offer for sale of Rs 369 crore.
Infosys completes the buyback of 5.5 crore equity shares worth Rs 9,200 crore. The shares were purchased at an average price of Rs 1,648 per share.
Nifty 50 was trading at 17,418.00 (62.7, 0.4%) , BSE Sensex was trading at 58,391.89 (214.1, 0.4%) while the broader Nifty 500 was trading at 14,919.50 (67.3, 0.5%)
Market breadth is surging up. Of the 1,691 stocks traded today, 1315 were on the uptick, and 324 were down.

Riding High:

Largecap and midcap gainers today include Zee Entertainment Enterprises Ltd. (261.55, 39.98%), Vodafone Idea Ltd. (8.70, 9.43%) and Indian Railway Catering & Tourism Corporation Ltd. (3738.45, 8.81%).

Downers:

Largecap and midcap losers today include Adani Green Energy Ltd. (1149.40, -3.02%), Marico Ltd. (558.30, -3.01%) and SBI Cards and Payment Services Ltd. (1061.30, -2.27%).

Volume Shockers

28 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Zee Entertainment Enterprises Ltd. (261.55, 39.98%), TV18 Broadcast Ltd. (39.80, 10.25%) and Solar Industries India Ltd. (1987.55, 10.07%).

Top high volume losers on BSE were Adani Enterprises Ltd. (1513.20, -1.26%), Cholamandalam Financial Holdings Ltd. (659.80, -1.11%) and Prism Johnson Ltd. (124.15, -0.80%).

Esab India Ltd. (2231.15, -0.16%) was trading at 24.6 times of weekly average. Galaxy Surfactants Ltd. (3515.35, 8.96%) and Hathway Cable & Datacom Ltd. (25.10, 7.04%) were trading with volumes 20.6 and 15.6 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

52 stocks overperformed with 52 week highs, while 1 stock were underachiever and hit their 52 week lows.

Stocks touching their year highs included - Abbott India Ltd. (21454.05, 0.35%), Adani Transmission Ltd. (1942.70, 3.81%) and Atul Ltd. (9850.25, 3.05%).

Stock making new 52 weeks lows included - Varroc Engineering Ltd. (260.90, -1.38%).

13 stocks climbed above their 200 day SMA including Zee Entertainment Enterprises Ltd. (261.55, 39.98%) and Sun TV Network Ltd. (512.15, 4.81%). 5 stocks slipped below their 200 SMA including Garden Reach Shipbuilders & Engineers Ltd. (192.25, -0.83%) and Union Bank of India (34.45, -0.58%).

Trendlyne Marketwatch

13 Sep 2021

Markets trade lower, Zomato to shut down grocery delivery service

Nifty 50 closed at 17,355.30 (-14.0, -0.1%) , BSE Sensex closed at 58,177.76 (-127.3, -0.2%) while the broader Nifty 500 closed at 14,852.20 (15.8, 0.1%)

Market breadth is holding steady. Of the 1800 stocks traded today, 899 showed gains, and 837 showed losses.

Westlife Development, Sundaram Clayton, Procter & Gamble Health, and Cyient are trading with higher delivery volumes compared to Thursday.
Goldiam International is rising as the jewellery company's board of directors approve a plan to buy back equity shares at Rs 1,200 per share.
KEI Industries' Managing Director Anil Gupta sells 2 lakh shares (0.22% stake) for Rs 15.4 crore in an insider trade on Friday.
Advanced Enzyme Technologies is trading in the green with more than 31 times its weekly average trading volume. IIFL Finance, SIS, and 3M India are trading with more than six times their weekly average trading volume.
Axis Direct maintains a 'Buy' rating on Mold-Tek Packaging with a target price upside of 18% expecting volumes to recover by Q3FY22.
Tejas Networks allots 1.9 crore equity shares to Panatone Finvest, a subsidiary of Tata Sons, increasing its stake to 37.7% from 24.8%.
LIC Housing Finance raises Rs 2,335 crore through issuing 4.5 crore preference shares to Life Insurance Corporation of India on Thursday.
Indiabulls Housing Finance receives the approval of the Competition Commission of India to sell its mutual fund business to Groww for Rs 175 crore.
Reports suggest Zomato will close its grocery delivery service this week for the second time since April 2020. The food delivery giant first forayed into delivering groceries in Q1FY21, but closed the service in Q2FY21.
ICICI Lombard General Insurance Company is no longer a subsidiary of ICICI Bank. The private bank's stake in the general insurance company drops to 48% following its merger with Bharti AXA.
Punjab National Bank's board of directors approves a plan to raise Rs 6,000 crore through debt.
Canada Pension Plan sells 2.3 crore shares (2% stake) of SBI Life Insurance Company for Rs 2,693 crore in a bulk deal on Thursday.
Nifty 50 was trading at 1,7309.80 (-59.5, -0.3%) , BSE Sensex was trading at 58,102.49 (-202.6, -0.4%) while the broader Nifty 500 was trading at 14,802.40 (-34.1, -0.2%)
Market breadth is in the green. Of the 1,722 stocks traded today, 869 showed gains, and 772 showed losses.

Riding High:

Largecap and midcap gainers today include Syngene International Ltd. (670.00, 6.26%), The New India Assurance Company Ltd. (168.00, 5.49%) and Indraprastha Gas Ltd. (594.55, 5.36%).

Downers:

Largecap and midcap losers today include Vodafone Idea Ltd. (7.95, -5.36%), Adani Green Energy Ltd. (1185.20, -2.53%) and Reliance Industries Ltd. (2371.55, -2.23%).

Volume Rockets

27 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Advanced Enzyme Technologies Ltd. (412.00, 12.40%), Dish TV India Ltd. (19.35, 8.10%) and Hindustan Copper Ltd. (124.60, 7.51%).

Top high volume losers on BSE were Aegis Logistics Ltd. (244.80, -5.50%), Inox Leisure Ltd. (300.55, -1.80%) and Spandana Sphoorty Financial Ltd. (622.85, -1.16%).

SIS Ltd. (485.05, 0.30%) was trading at 9.1 times of weekly average. IIFL Finance Ltd. (309.40, 4.99%) and Syngene International Ltd. (670.00, 6.26%) were trading with volumes 9.1 and 8.7 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, while 1 stock hit their 52 week lows.

Stocks touching their year highs included - Abbott India Ltd. (21378.55, 3.24%), Adani Transmission Ltd. (1868.80, 3.43%) and Bharat Petroleum Corporation Ltd. (498.10, 1.42%).

Stock making new 52 weeks lows included - Varroc Engineering Ltd. (264.55, -3.31%).

9 stocks climbed above their 200 day SMA including Advanced Enzyme Technologies Ltd. (412.00, 12.40%) and Hindustan Copper Ltd. (124.60, 7.51%). 10 stocks slipped below their 200 SMA including Future Consumer Ltd. (7.50, -6.83%) and IFB Industries Ltd. (1075.85, -2.24%).