Nifty 50 closed at 16,568.85 (-45.8, -0.3%) , BSE Sensex closed at 55,629.49 (-162.8, -0.3%) while the broader Nifty 500 closed at 14,095.55 (-17.6, -0.1%)
Market breadth is overwhelmingly negative. Of the 1,752 stocks traded today, 535 were on the uptrend, and 1,179 went down.
Ratnamani Metals & Tubes, Sundaram Clayton, Procter & Gamble Hygiene & Healthcare, Cholamandalam Financial Holdings, and Endurance Technologies are trading with higher delivery volumes compared to Tuesday.
HDFC Securities maintains a 'Buy' rating on Sobha with a target price at an upside of 16% because of the developer's 40% YoY sales growth to Rs 6,800 crore in Q1FY22.
SBI Card and Payment Services raises Rs 500 crore by issuing bonds on a private placement basis.
Leapfrog Financial Inclusion India Holdings sells 1.3 crore shares (1.73% stake) of Poonawalla Fincorp for Rs 238.3 crore in a bulk deal on Tuesday.
Aavas Financiers is trading with more than 28 times its weekly average trading volume. United Spirits, United Breweries, Aster DM Healthcare, and Jubilant Foodworks are trading in the green with over three times their weekly average trading volume.
Canara Bank will raise Rs 2,500 crore through a qualified institutional placement of equity shares at a floor price of Rs 155.5 per share.
Dilip Buildcon is trading higher after its wholly-owned subsidiary, Dhrol Bhadra Highways receives the financial closure letter from the National Highways Authority of India (NHAI) for a four-lane project in Gujarat worth Rs 882 crore.
Elara India Fund buys 9.6 lakh shares of Karda Constructions for Rs 2 crore in a bulk deal on Tuesday.
HDFC Bank is rising as the Reserve Bank of India permits the private bank to issue new credit cards eight months after imposing a ban due to its internet banking outages.
HCL Technologies hits a 52-week high after it signs a five-year IT transformation deal with Wacker Chemie AG, a German chemicals company, to establish a modernized digital workplace and improve service delivery.
Kaveri Seed Company is rising after the company announces that its board of directors will consider a proposal for the buyback of equity shares during its meeting on August 25, 2021.
Ricky Kriplani buys 14.5 lakh shares (2.01% stake) of Uflex on Tuesday. He now holds nearly 1.7 crore shares (23.24% stake) of the company.
Nifty 50 was trading at 16,685.80 (71.2, 0.4%) , BSE Sensex was trading at 55,995.25 (203.0, 0.4%) while the broader Nifty 500 was trading at 14,169.95 (56.9, 0.4%)
Market breadth is in the green. Of the 1,674 stocks traded today, 963 showed gains, and 661 showed losses.
Riding High:
Largecap and midcap gainers today include Vodafone Idea Ltd. (6.45, 12.17%), United Breweries Ltd. (1,495.40, 6.28%) and MindTree Ltd. (3,196.30, 5.93%).
Downers:
Largecap and midcap losers today include Adani Power Ltd. (77.30, -3.31%), General Insurance Corporation of India (150.50, -3.18%) and Apollo Hospitals Enterprise Ltd. (4,787.90, -2.69%).
Movers and Shakers
16 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Aster DM Healthcare Ltd. (189.70, 7.51%), United Breweries Ltd. (1,495.40, 6.28%) and MindTree Ltd. (3,196.30, 5.93%).
Top high volume losers on BSE were Aavas Financiers Ltd. (2,479.15, -6.67%), SBI Life Insurance Company Ltd. (1,114.05, -1.83%) and 3M India Ltd. (23,477.00, -1.28%).
Kajaria Ceramics Ltd. (1,106.95, 5.26%) was trading at 7.5 times of weekly average. Kaveri Seed Company Ltd. (583.70, 1.24%) and Jubilant Foodworks Ltd. (4,040.40, 3.87%) were trading with volumes 5.6 and 4.9 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
36 stocks took off, crossing 52 week highs, while 3 stocks hit their 52 week lows.
Stocks touching their year highs included - Bajaj Finance Ltd. (6,544.10, 2.09%), Bajaj Finserv Ltd. (15,006.35, 1.83%) and Bata India Ltd. (1,759.50, 1.67%).
Stocks making new 52 weeks lows included - Aurobindo Pharma Ltd. (721.65, -1.34%) and Bombay Burmah Trading Corporation Ltd. (1,096.35, -1.42%).
6 stocks climbed above their 200 day SMA including ICICI Lombard General Insurance Company Ltd. (1,484.40, 2.31%) and Advanced Enzyme Technologies Ltd. (377.50, 2.00%). 9 stocks slipped below their 200 SMA including Bajaj Consumer Care Ltd. (247.15, -3.02%) and Manappuram Finance Ltd. (165.50, -2.04%).