• Ashok Leyland will acquire an additional 38% stake in Hinduja Tech (HTL) for Rs 70.2 crore. This will make HTL a wholly-owned subsidiary of the commercial vehicle manufacturer.

• Rashtriya Chemicals & Fertilizers, Just Dial, Himadri Speciality Chemical, and National Fertilizers are trading in the green with nine times the average weekly trading volume.

• Nureca lists at Rs 634 per share, a 59% premium compared to its upper IPO price band of Rs 400.

• HDFC Life Insurance Company hits a lifetime high, BEML, Rashtriya Chemicals & Fertilizers, and Bharat Heavy Electricals hit new 52-week highs.

• Bosch will invest Rs 800 crore to upgrade its campus in Bangalore to an artificial intelligence of things (AIoT) smart campus.

• Tata Power Company raises Rs 900 crore through the issuance of non-convertible debentures. Its stock price is up by 26% in one month.

• Nirmal Bang maintains a 'Buy' rating on pharmaceutical company Sanofi India with a target price at an upside of 25% against the market price.

• Just Dial launches its wholesale B2B platform Jd Mart. Its stock price is up by 10% in the past week.

• IIFL Securities wins the bid to takeover 11 lakh Demat accounts of Karvy Stock Broking while Axis Securities will acquire 11 lakh trading accounts.

• Spicejet's promoter disposes one lakh shares worth Rs 87 lakh via a market sale. Since the year began, 3.5 lakh shares worth Rs 3.1 crore have been sold by insiders.

• Axis Bank and its subsidiaries' acquisition of a 12% stake in Max Financial Services is approved by the Insurance Regulatory and Development Authority of India (IRDAI).

• Markets are up today morning. Nifty 50 was trading at 15148.25 (166.3, 1.1%) , BSE Sensex was trading at 51353.40 (571.7, 1.1%) while the broader Nifty 500 was trading at 12592.65 (137.5, 1.1%)

• Market breadth is ticking up strongly. Of the 1585 stocks traded today, 1248 were gainers and 271 were losers.

Riding High:

Largecap and midcap gainers today include Indian Overseas Bank (18.95, 9.86%), Bharat Heavy Electricals Ltd. (47.10, 9.66%) and Coal India Ltd. (156.95, 8.69%).

Downers:

Largecap and midcap losers today include Marico Ltd. (409.70, -3.46%), Adani Green Energy Ltd. (1129.00, -3.45%) and ABB India Ltd. (1528.90, -2.67%).

Volume Rockets

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

Top high volume gainers on BSE included Just Dial Ltd. (767.90, 19.99%), Himadri Speciality Chemical Ltd. (49.30, 19.95%) and Rashtriya Chemicals & Fertilizers Ltd. (67.70, 19.93%).

Top high volume losers on BSE were SKF India Ltd. (2219.40, -1.74%), Aster DM Healthcare Ltd. (149.55, -0.99%) and Oberoi Realty Ltd. (556.75, -0.77%).

Gujarat State Fertilizer & Chemicals Ltd. (88.80, 9.23%) was trading at 9.8 times of weekly average. Indiabulls Real Estate Ltd. (93.00, 11.85%) and Deepak Fertilisers & Petrochemicals Corporation Ltd. (182.75, 8.52%) were trading with volumes 6.9 and 5.6 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

59 stocks overperformed with 52 week highs,

Stocks touching their year highs included - Adani Ports & Special Economic Zone Ltd. (705.35, 6.04%), Bajaj Holdings & Investment Ltd. (3723.70, 2.53%) and BEML Ltd. (1071.60, 7.99%).

13 stocks climbed above their 200 day SMA including Himadri Speciality Chemical Ltd. (49.30, 19.95%) and Edelweiss Financial Services Ltd. (69.85, 4.10%). 2 stocks slipped below their 200 SMA including Sun Pharma Advanced Research Company Ltd. (168.35, -0.82%) and Dhanuka Agritech Ltd. (728.85, -0.47%).