Markets closed up today. Nifty 50 closed at 16,258.80 (128.1, 0.8%) , BSE Sensex closed at 54,369.77 (546.4, 1.0%) while the broader Nifty 500 closed at 13,969.35 (30.2, 0.2%)
Market breadth is overwhelmingly negative. Of the 1,754 stocks traded today, 453 showed gains, and 1,280 showed losses.
Atul, Thermax, Kansai Nerolac Paints, TeamLease Services, and Dish TV India are trading with higher delivery volumes compared to Tuesday.
Care Ratings' revenues in Q1FY22 rises by 26.4% YoY to Rs 41.7 crore with net profits up by 9.7% to Rs 11 crore.
Motilal Oswal maintains a 'Buy' rating on PI Industries with a target price at an upside of 12% following the chemical company's acquisition of lnd Swift Laboratories' API division for Rs 1,530 crore.
State Bank of India is rising after its Q1FY22 net profit rises 54.5% YoY to Rs 7,380 crore, net interest income rises 3.6% to Rs 30,710.9 crore.
Bharti Airtel's Q1FY22 revenue rises 10.8% YoY to Rs 27,063 crore as its average revenue per user rises 5.7% to Rs 146, with net profits of Rs 283 crore.
Krsnaa Diagnostics' Rs 1,213.3 crore IPO is subscribed by 61% of the shares on offer, with the retail portion receiving bids for 3.4 times the available quota on day 1 of the bidding process.
IIFL Wealth Management hits a 52-week high after its Q1FY22 net profit rises 43.4% YoY to Rs 185.2 crore, revenues rise 27.2% to Rs 304 crore.
Devyani International's Rs 1,838 crore IPO is subscribed by 82% of the shares on offer, with the retail portion receiving bids for 4.4 times the available quota on day 1 of the bidding process.
IIFL Wealth Management is trading in the green with more than 12 times its weekly average trading volume. Huhtamaki India, Coforge, and Aavas Financiers are trading with over six times their weekly average trading volume.
Bank of India's Q1FY22 net profit falls 13% YoY to Rs 735.4 crore, net interest income falls 9.5% to Rs 3,178.7 crore.
Apollo Tyres, Sonata Software, and Adani Green Energy are trading higher, whereas State Bank of India, Titan Company, and Godrej Consumer Products are trading lower ahead of their Q1FY22 earnings update later today.
Krsnaa Diagnostics raises Rs 537 crore from 44 anchor investors at Rs 954 per share. The investors include Nomura Stock Mother Fund, Volrado Venture Partners, Tara Emerging Asia Liquid Fund, ICICI Prudential, Nippon Life, and SBI Mutual Fund.
Adani Enterprises' Q1FY22 net profit jumps 9.1X YoY to Rs 271.5 crore, revenues rise 2.3X to Rs 12,730.6 crore.
Devyani International raises Rs 824.9 crore from 63 anchor investors at Rs 90 per share. The investors include Abu Dhabi Investment Authority, Goldman Sachs, Government of Singapore, ICICI Prudential, Aditya Birla Sun Life, and HDFC Life Insurance.
Markets opened high. Nifty 50 was trading at 16,242.95 (112.2, 0.7%) , BSE Sensex was trading at 54,248.38 (425.0, 0.8%) while the broader Nifty 500 was trading at 14,023.45 (84.3, 0.6%)
Market breadth is highly positive. Of the 1,672 stocks traded today, 1,242 were gainers and 377 were losers.
Riding High:
Largecap and midcap gainers today include Housing Development Finance Corporation Ltd. (2,676.05, 4.75%), Godrej Industries Ltd. (601.15, 4.19%) and Kotak Mahindra Bank Ltd. (1,749.95, 3.81%).
Downers:
Largecap and midcap losers today include Vodafone Idea Ltd. (6.00, -18.92%), Indus Towers Ltd. (206.80, -6.97%) and Abbott India Ltd. (18,029.65, -6.42%).
Crowd Puller Stocks
25 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included IIFL Wealth Management Ltd. (1,589.60, 14.87%), Vardhman Textiles Ltd. (1,967.30, 4.56%) and Aavas Financiers Ltd. (2,553.00, 4.23%).
Top high volume losers on BSE were Vodafone Idea Ltd. (6.00, -18.92%), Coforge Ltd. (4,723.80, -4.85%) and Mazagon Dock Shipbuilders Ltd. (249.65, -3.68%).
Godrej Industries Ltd. (601.15, 4.19%) was trading at 8.8 times of weekly average. Solara Active Pharma Sciences Ltd. (1723.55, -3.08%) and Blue Star Ltd. (841.35, 0.29%) were trading with volumes 6.8 and 6.2 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
39 stocks overperformed with 52 week highs, while 1 stock were underachiever and hit their 52 week lows.
Stocks touching their year highs included - ACC Ltd. (2,398.60, -1.42%), Ambuja Cements Ltd. (419.05, -0.75%) and Astral Ltd. (2,239.60, 0.84%).
Stock making new 52 weeks lows included - Vodafone Idea Ltd. (6.00, -18.92%).
5 stocks climbed above their 200 day SMA including Housing Development Finance Corporation Ltd. (2,676.05, 4.75%) and HDFC Bank Ltd. (1,465.30, 2.13%). 8 stocks slipped below their 200 SMA including Swan Energy Ltd. (132.50, -5.15%) and Ujjivan Financial Services Ltd. (227.60, -3.91%).