Markets close lower, Indiabulls Housing Finance's Q4 net profits double YoY

Gloom in markets in today's trading. Nifty 50 closed at 14920.05 (-110.1, -0.7%) , BSE Sensex closed at 49564.86 (-337.8, -0.7%) while the broader Nifty 500 closed at 12748.70 (-60.3, -0.5%)

Market breadth is holding steady. Of the 1739 stocks traded today, 860 were in the positive territory and 844 were negative.

Honeywell Automation India, Sundaram Clayton, SIS, and SKF India are trading with higher delivery volumes compared to Wednesday.
Bosch reports a 55.2% rise YoY in net profits to Rs 217.3 crore in Q4, and a 17.3% growth in revenues to Rs 3,140.9 crore.
La Opala RG is trading with 13 times the weekly average trading volume. KSB, JK Paper, and Just Dial are trading in the green with six times the average weekly trading volume.
TCI Express reports a 124% rise YoY in net profits to Rs 42.6 crore in Q4, and an 18.3% growth in revenues to Rs 282.8 crore.
Axis Securities maintains a 'Buy' rating on Bharti Airtel on the back of the telecom company's 37 lakh subscriber additions in February 2021.
Indiabulls Housing Finance reports a 101.5% rise YoY in net profits to Rs 276.2 crore in Q4, with an 18% decline in revenues to Rs 2,422 crore.
HDFC Securities maintains a 'Buy' rating on Tata Motors due to a recovery in the medium-heavy commercial vehicle and intermediate commercial vehicle segments in Q4.
Life Insurance Corporation (LIC) of India acquires 59.7 lakh shares in Rajesh Exports via an insider trade, now holding a 9% stake in the commodities retailer.
JK Tyre & Industries reports a 63% growth YoY in revenues to Rs 2,927 crore, with net profits of Rs 195 crore, against a net loss of Rs 53 crore in the year-ago period.
SBI Mutual Fund cuts its stake in Westlife Development, the operator of McDonald's in south and west India, by 0.2% selling 3.3 lakh shares via an insider trade.
Indian Oil Corporation reports a net profit of Rs 9,026 crore in Q4 against a net loss of Rs 7,786 crore in the year-ago period, revenues rise by 16% YoY to Rs 1.6 lakh crore.
Nifty 50 was trading at 14979.40 (-50.8, -0.3%) , BSE Sensex was trading at 49883.29 (-19.4, -0.0%) while the broader Nifty 500 was trading at 12770.20 (-38.8, -0.3%)
Market breadth is in the green. Of the 1649 stocks traded today, 844 were gainers and 767 were losers.

Riding High:

Largecap and midcap gainers today include Bosch Ltd. (15838.60, 7.16%), Adani Transmission Ltd. (1389.70, 5.01%) and Cholamandalam Investment & Finance Company Ltd. (571.00, 4.95%).

Downers:

Largecap and midcap losers today include Steel Authority of India (SAIL) Ltd. (121.30, -5.68%), Tata Steel Ltd. (1104.00, -5.18%) and Jindal Steel & Power Ltd. (401.95, -4.72%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included La Opala RG Ltd. (277.85, 19.87%), TCI Express Ltd. (1259.60, 16.24%) and India Cements Ltd. (199.70, 11.97%).

Top high volume losers on BSE were Indian Energy Exchange Ltd. (361.00, -5.45%), CSB Bank Ltd. (306.90, -4.09%) and TV18 Broadcast Ltd. (39.35, -2.11%).

Navneet Education Ltd. (78.00, 7.14%) was trading at 20.4 times of weekly average. TV Today Network Ltd. (322.70, 11.89%) and Bosch Ltd. (15838.60, 7.16%) were trading with volumes 19.0 and 12.1 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

34 stocks made 52 week highs,

Stocks touching their year highs included - Adani Transmission Ltd. (1389.70, 5.01%), Bharat Electronics Ltd. (157.10, 1.26%) and Bharat Forge Ltd. (660.00, -2.85%).

9 stocks climbed above their 200 day SMA including Navneet Education Ltd. (78.00, 7.14%) and KRBL Ltd. (243.05, 4.90%). 5 stocks slipped below their 200 SMA including Sterling and Wilson Solar Ltd. (240.05, -4.44%) and Petronet LNG Ltd. (236.80, -2.67%).