Nifty 50 closed at 17,353.50 (-8.6, -0.1%) , BSE Sensex closed at 58,250.26 (-29.2, -0.1%) while the broader Nifty 500 closed at 14,803.60 (19.4, 0.1%)
Market breadth is in the green. Of the 1,778 stocks traded today, 935 were on the uptrend, and 768 went down.
Elgi Equipments, AIA Engineering, Balrampur Chini Mills, and Gujarat Pipavav Port are trading with higher delivery volumes compared to Tuesday.
Ramkrishna Forgings wins orders worth Rs 130 crore from a foreign automobile original equipment manufacturer for a three year period.
Axis Direct maintains a 'Buy' rating on rubber chemicals maker NOCIL with a target price at an 11% upside expecting higher demand for tyres due to import restrictions.
Life Insurance Corporation of India reduces its stake in ICRA to 5.8% from 7.9% selling over 2 lakh shares in the rating agency in an insider trade on Tuesday.
Reports suggest Sterling and Wilson Solar's promoters are planning to sell part of their stake in the company to private equity funds and Indian conglomerates including the Adani Group and Reliance Industries.
Info Edge (India), Ujjivan Financial Services, Quess Corp, and Symphony are trading with more than three times their weekly average trading volume.
Cinema operators PVR and Inox Leisure appeal to the Maharashtra state government to reopen cinemas. The cinema industry faces a monthly loss of Rs 400 crore as cinemas in the state remain closed.
ICICI Prudential Mutual Fund sells 1.5 lakh shares (0.1%) of Bajaj Consumer Care in an insider trade on Monday. The mutual fund now holds 56.5 lakh shares constituting a 3.8% stake in the FMCG company.
PSP Projects' industrial engineering segment receives a letter of intent for an order worth Rs 132 crore in Gujarat.
Cipla seeks permission from the National Pharmaceutical Pricing Authority to hike prices for its respiratory drugs due to rising input costs.
Motilal Oswal maintains a 'Buy' rating on APL Apollo Tubes with a target price at an upside of 21% expecting demand for the company's steel tubes to rise because of higher consumption of steel by realty, infrastructure, and warehousing companies.
Embassy Office Parks REIT raises debt worth Rs 300 crore to refinance existing debt and to complete a commercial real estate project in Bangalore.
Sequoia Capital sells over 8 lakh shares of Stove Kraft for Rs 75.2 crore in a bulk deal on Tuesday. In another bulk deal on the same day, HSBC Global buys 5.3 lakh shares in the company for Rs 50 crore.
Nifty 50 was trading at 17,336.85 (-25.3, -0.2%) , BSE Sensex was trading at 58,272.98 (-6.5, -0.0%) while the broader Nifty 500 was trading at 14,784.90 (0.7, 0%)
Market breadth is in the green. Of the 1696 stocks traded today, 1059 were gainers and 564 were losers.
Riding High:
Largecap and midcap gainers today include Info Edge (India) Ltd. (6715.25, 8.60%), Oil India Ltd. (189.65, 5.10%) and Adani Power Ltd. (97.75, 4.99%).
Downers:
Largecap and midcap losers today include Vedanta Ltd. (298.95, -4.17%), Nestle India Ltd. (19839.60, -2.60%) and Vodafone Idea Ltd. (8.05, -2.42%).
Volume Rockets
20 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Info Edge (India) Ltd. (6715.25, 8.60%), VRL Logistics Ltd. (349.60, 8.50%) and KEI Industries Ltd. (825.90, 6.49%).
Top high volume loser on BSE was Mahindra CIE Automotive Ltd. (219.80, -1.77%).
Ujjivan Financial Services Ltd. (143.15, 3.92%) was trading at 8.6 times of weekly average. Quess Corp Ltd. (862.10, 3.71%) and Oil India Ltd. (189.65, 5.10%) were trading with volumes 5.4 and 4.9 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
31 stocks made 52 week highs, while 1 stock were underachiever and hit their 52 week lows.
Stocks touching their year highs included - Allcargo Logistics Ltd. (243.95, 5.38%), Bajaj Electricals Ltd. (1352.65, 0.83%) and Bharti Airtel Ltd. (667.85, -0.40%).
Stock making new 52 weeks lows included - Ujjivan Financial Services Ltd. (143.15, 3.92%).
15 stocks climbed above their 200 day SMA including Honeywell Automation India Ltd. (41510.20, 3.48%) and Kotak Mahindra Bank Ltd. (1815.35, 2.86%). 7 stocks slipped below their 200 SMA including Indus Towers Ltd. (235.85, -2.40%) and Infibeam Avenues Ltd. (43.80, -1.90%).