Markets close higher, Natco Pharma hits a 52-week high

Nifty 50 closed at 15184.40 (9.1, 0.1%) , BSE Sensex closed at 50651.90 (111.4, 0.2%) while the broader Nifty 500 closed at 12956.30 (38.5, 0.3%)

Market breadth is in the green. Of the 1780 stocks traded today, 1062 showed gains, and 693 showed losses.

Apollo Tyres' Chief Financial Officer Gaurav Kumar said capital expenditure for FY22 will be raised by 12.5% to Rs 1,800 crore as the company is expecting higher demand for tyres.
ICICI Direct upgrades its rating on Havells India to 'Buy' from 'Hold' expecting the company to increase penetration in rural and semi-urban markets in Q1FY22.
Whirlpool of India, JTEKT India, Natco Pharma, and Birlasoft are trading in the green with over five times the weekly average trading volume.
Natco Pharma hits a 52-week high as the Drug Controller General of India approves its application to produce an antifungal drug to treat Mucormycosis, or Black Fungus, patients.
HDFC Mutual Fund cuts its stake in Praj Industries by 2.1% disposing 40.1 lakh shares via an insider trade. The mutual fund house now holds 4.3% of the company.
India's fourth-largest paints maker, Akzo Nobel reports a 9% decline YoY in revenues to Rs 2,421 crore in Q4, with net profits up by 37% to Rs 74.2 crore.
Multi Commodity Exchange of India reports a 19% decline YoY in net income to Rs 104 crore in Q4FY21, with net profits down by 43% to Rs 38.4 crore.
SBI Mutual Fund cuts its stake in Gufic BioSciences by 0.2% selling 1.6 lakh shares via an insider trade, now holding a 3.6% stake in the company.
JSW Steel reports a 9% rise in revenues to Rs 79,839 crore in Q4FY21 due to a 36% increase in steel exports, with net profits up by 96.3% to Rs 7,911 crore.
Porinju Veliyath's Equity Intelligence India fund acquires 15,000 shares in Apollo Sindoori Hotels for Rs 1.1 crore via a bulk deal.
Shree Cements, the second-largest cement maker in the country, reports a 23% YoY jump in revenues to Rs 4,204 crore in Q4FY21, and a 49% rise in net profits to Rs 800 crore.
Nifty 50 was trading at 15213.60 (38.3, 0.3%) , BSE Sensex was trading at 50787.33 (246.9, 0.5%) while the broader Nifty 500 was trading at 12961.25 (43.4, 0.3%)
Market breadth is surging up. Of the 1706 stocks traded today, 1178 were gainers and 487 were losers.

Riding High:

Largecap and midcap gainers today include Natco Pharma Ltd. (1082.60, 9.35%), Container Corporation of India Ltd. (634.55, 8.17%) and Adani Green Energy Ltd. (1365.45, 5.10%).

Downers:

Largecap and midcap losers today include Hindustan Zinc Ltd. (330.25, -4.15%), Oberoi Realty Ltd. (589.20, -3.73%) and Shree Cements Ltd. (26900.65, -2.61%).

Movers and Shakers

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

Top high volume gainers on BSE included JTEKT India Ltd. (115.10, 20.21%), Birlasoft Ltd. (295.00, 10.45%) and Natco Pharma Ltd. (1082.60, 9.35%).

Top high volume losers on BSE were Poly Medicure Ltd. (1070.95, -5.49%), Amber Enterprises India Ltd. (2930.00, -2.51%) and Spandana Sphoorty Financial Ltd. (554.00, -1.96%).

Whirlpool of India Ltd. (2150.00, 1.54%) was trading at 12.2 times of weekly average. Thermax Ltd. (1423.55, 0.43%) and Jagran Prakashan Ltd. (58.25, 6.98%) were trading with volumes 8.7 and 6.9 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

37 stocks hit their 52 week highs,

Stocks touching their year highs included - Adani Transmission Ltd. (1526.95, 5.03%), Atul Ltd. (8609.85, 0.55%) and Bharat Electronics Ltd. (156.80, -0.51%).

11 stocks climbed above their 200 day SMA including Chalet Hotels Ltd. (162.90, 4.19%) and Procter & Gamble Health Ltd. (6046.00, 2.86%). 2 stocks slipped below their 200 SMA including KRBL Ltd. (236.25, -2.90%) and Multi Commodity Exchange of India Ltd. (1593.00, -2.08%).