Markets closed up today. Nifty 50 closed at 15,793.70 (106.8, 0.7%) , BSE Sensex closed at 52,699.00 (392.9, 0.8%) while the broader Nifty 500 closed at 13,472.95 (49.6, 0.4%)
Market breadth is in the red. Of the 1,743 stocks traded today, 678 were on the uptrend, and 1,035 went down.
APL Apollo Tubes, United Breweries, Atul, and ABB Power Products and Systems India are trading with higher delivery volumes compared to Wednesday.
Ashoka Buildcon receives a 'Buy' rating from HDFC Securities with a target price at a 68% upside citing the company's expected order inflows of Rs 7,000 crore with a margin guidance of 12% for FY22.
Orchid Pharma hits the lower circuit as its promoter, Dhanuka Laboratories, announces an offer for sale of 32.8 lakh equity shares (8.04% stake) of the company. They have set the floor price of Rs 375 per share, a 72% discount to its closing price of Rs 1,319.8 on Wednesday.
Allcargo Logistics' Q4FY21 net profits rise 3.2% YoY to Rs 53.7 crore due to impairment provisions worth Rs 77 crore, and revenues rise 78% to Rs 3,360 crore
Infosys hits a new 52-week high after it announces that the Rs 9,200 crore buyback will commence on Friday, June 25, 2021. The maximum price for the buyback is Rs 1,750 per share.
Godfrey Philips India is trading in green with 15 times its average weekly trading volume. V Mart Retail and Gujarat Ambuja Exports are trading in green with more than six times their average weekly trading volume.
Sona Comstar hits the upper circuit after its listing. The auto components company listed at Rs 301 per share, a 3.4% premium from the issue price of Rs 291 per share. After listing, its stock rose to Rs 361.2.
Adani Ports & Special Economic Zone's promoters acquire 10 lakh shares worth Rs 75 crore via an insder trade on Wednesday. In one week, promoters purchased 52.7 lakh shares for Rs 363 crore through four insider trades.
Ashok Leyland and Mishra Dhatu Nigam are trading higher whereas Oil and Natural Gas Corporation is trading lower ahead of their Q4 earnings update later today.
India Pesticides' Rs 800 crore IPO subscribed 3.3 times with the retail portion receiving bids for 5.1 times the available quota on day 2 of the bidding process.
Sona Comstar lists at Rs 301, a 3.4% premium to the issue price of Rs 291. The auto components maker's IPO comprised of a Rs 5,250 crore offer for sale and a Rs 300 crore fresh issue.
Shyam Metalics and Energy lists at Rs 380, a 24% premium to the issue price of Rs 306. The steel products maker's IPO comprised of a Rs 657 crore fresh issue and a Rs 252 crore offer for sale.
Apollo Hospitals' Q4 profits fall 23.5% YoY to Rs 167.8 crore, revenues remain flat at Rs 2,888.4 crore as pharmacy segment revenues fall 17.6%.
Upbeat trading today, as Nifty 50 was trading at 15,744.45 (57.5, 0.4%) , BSE Sensex was trading at 52,569.85 (263.8, 0.5%) while the broader Nifty 500 was trading at 13,466.15 (42.8, 0.3%).
Market breadth is surging up. Of the 1,668 stocks traded today, 1,168 were in the positive territory and 465 were negative.
Riding High:
Largecap and midcap gainers today include SBI Cards and Payment Services Ltd. (976.35, 4.57%), Infosys Ltd. (1,556.55, 3.55%) and Tata Consultancy Services Ltd. (3,373.60, 3.44%).
Downers:
Largecap and midcap losers today include Adani Total Gas Ltd. (1,251.85, -5.02%), Adani Power Ltd. (120.50, -4.33%) and Varun Beverages Ltd. (721.80, -4.20%).
Crowd Puller Stocks
16 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included UTI Asset Management Company Ltd. (871.80, 12.40%), Balrampur Chini Mills Ltd. (352.05, 7.69%) and KRBL Ltd. (257.45, 6.74%).
Top high volume losers on BSE were Reliance Industries Ltd. (2,153.35, -2.36%), Apollo Hospitals Enterprise Ltd. (3,194.65, -1.55%) and V Mart Retail Ltd. (2,823.25, -0.95%).
Godfrey Phillips India Ltd. (973.00, 2.32%) was trading at 20.8 times of weekly average. Esab India Ltd. (1,918.20, 2.28%) and Siemens Ltd. (2,027.00, -0.06%) were trading with volumes 11.7 and 5.5 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
22 stocks made 52 week highs,
Stocks touching their year highs included - Bharat Electronics Ltd. (171.05, 1.51%), Greaves Cotton Ltd. (173.55, 3.43%) and IFCI Ltd. (15.15, -5.31%).
5 stocks climbed above their 200 day SMA including City Union Bank Ltd. (173.15, 3.03%) and Bandhan Bank Ltd. (333.10, -0.02%). 3 stocks slipped below their 200 SMA including Vakrangee Ltd. (43.55, -3.97%) and Exide Industries Ltd. (181.80, -1.57%).