Markets close higher, Reliance Infra sells the Reliance Center for Rs 1,200 cr

Upbeat trading today. Nifty 50 closed at 14865.95 (175.3, 1.2%) , BSE Sensex closed at 50029.83 (520.7, 1.1%) while the broader Nifty 500 closed at 12477.00 (163.3, 1.3%)

Market breadth is ticking up strongly. Of the 1733 stocks traded today, 1405 were on the uptrend, and 293 went down.

Commercial vehicle (CV) maker Ashok Leyland reports sales for March at 15,760 units, with strong growth in medium, heavy, and light CVs.
ICICI Securities maintains a 'Buy' rating on VST Tillers Tractors ahead of its March sales numbers release. The brokerage's target price is at a 26% upside.
Steel Strips Wheels reports wheel rim sales of 16.7 lakh a 112% YoY growth, its highest ever in a single quarter with a gross turnover of Rs 307 crore.
Indian Overseas Bank, Bank of India, and Central Bank of India are rising as the government infuses Rs 14,500 crore in these public-sector banks to improve their financial position.
Caplin Point Laboratories, Hindustan Aeronautics, Happiest Minds Technologies, and Tube Investments of India are trading with four times the average weekly trading volume.
Tata Motors reports March 2021 domestic vehicle sales at 66,609 units, a 14% rise on a monthly basis. The stock has gained 65% in Q4FY21.
Reliance Infrastructure is rising as the Anil Ambani-owned company sells the Reliance Center in Mumbai to Yes Bank for Rs 1,200 crore.
Maruti Suzuki India, the largest passenger vehicle maker reports sales of 1.6 lakh units in March 2021 compared to a low base of 83,700 sales in the year-ago period.
Bharat Petroleum Corporation acquires the remaining 36.6% stake in the Bina refinery project located in Madhya Pradesh from Oman-based oil company OQ.
IRB Infrastructure Developers wins two orders from NHAI in West Bengal and Himachal Pradesh worth Rs 3,250 crore
Macrotech Developers, erstwhile Lodha Developers' Rs 2,500 crore IPO will open on April 7 with a price band of Rs 483-486 per share.
Markets rise on early trading, Nifty 50 was trading at 14789.35 (98.7, 0.7%) , BSE Sensex was trading at 49784.23 (275.1, 0.6%) while the broader Nifty 500 was trading at 12402.50 (88.8, 0.7%)
Market breadth is surging up. Of the 1600 stocks traded today, 1308 were on the uptick, and 257 were down.

Riding High:

Largecap and midcap gainers today include Adani Total Gas Ltd. (1063.50, 10.64%), Adani Transmission Ltd. (999.15, 9.99%) and Vodafone Idea Ltd. (10.01, 8.22%).

Downers:

Largecap and midcap losers today include Gillette India Ltd. (5690.00, -3.56%), Honeywell Automation India Ltd. (45965.80, -3.19%) and Coromandel International Ltd. (749.95, -3.18%).

Volume Shockers

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

Top high volume gainers on BSE included AstraZeneca Pharma India Ltd. (3458.00, 14.91%), Caplin Point Laboratories Ltd. (454.70, 12.70%) and Graphite India Ltd. (558.05, 8.99%).

Top high volume losers on BSE were Vardhman Textiles Ltd. (1261.45, -2.79%), Grindwell Norton Ltd. (934.40, -1.87%) and Crisil Ltd. (1806.80, -1.75%).

Ratnamani Metals & Tubes Ltd. (2001.00, 5.22%) was trading at 7.1 times of weekly average. Hindustan Aeronautics Ltd. (1038.00, 4.33%) and Tube Investments of India Ltd. (1198.35, 0.42%) were trading with volumes 5.7 and 5.6 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

32 stocks hit their 52 week highs, while 1 stock hit their 52 week lows.

Stocks touching their year highs included - 3M India Ltd. (29480.00, -3.14%), Adani Transmission Ltd. (999.15, 9.99%) and Ambuja Cements Ltd. (311.00, 0.70%).

Stock making new 52 weeks lows included - Future Retail Ltd. (44.80, 5.04%).

22 stocks climbed above their 200 day SMA including Heritage Foods Ltd. (315.00, 7.03%) and IRB Infrastructure Developers Ltd. (113.80, 4.79%). 8 stocks slipped below their 200 SMA including Coromandel International Ltd. (749.95, -3.18%) and Inox Leisure Ltd. (278.50, -2.31%).