The market closed on an upbeat note. Nifty 50 closed at 15576.00 (140.4, 0.9%) , BSE Sensex closed at 51937.44 (514.6, 1%) while the broader Nifty 500 closed at 13224.10 (107.1, 0.8%)

Market breadth is in the green. Of the 1791 stocks traded today, 939 were on the uptick, and 817 were down.

• IIFL Wealth Management, Narayana Hrudayalaya, Vakrangee, and Petronet LNG are trading with higher delivery volumes compared to Friday.

• BOB Capital Markets maintains a ‘Sell’ rating on Eicher Motors with a target price downside of 16%, citing renewed Covid lockdowns and the company's inability to fully pass higher raw material cost burden to customers.

• Porinju V Veliyath cuts his stake in Om Infra by 1%, selling 9.7 lakh shares, now holding a 0.7% stake in the company.

• Blackrock reduces its stake in Zee Entertainment Enterprises by 0.19% selling 18.8 lakh shares via an insider trade. The investment firm now holds 3.2% of the media company.

• Heidelberg Cement's Q4FY21 revenue grows by 18% YoY to Rs 600 crore, with a two-fold jumpt in net profits to Rs 140 crore.

• Vakrangee, Nippon Life India Asset Management, Redington, and Heidelberg Cement India are trading in the green with more than six times their average weekly trading volume.

• Affle India's revenues in Q4FY21 jumps 71% YoY to Rs 141.7 crore driven by a 95% growth in global revenues, with a 3.8x growth in net profits to Rs 51 crore.

• Fortis Healthcare's revenue rises by 12.4% YoY to Rs 1,252 crore, with net profits at Rs 62.6 crore, against a net loss of Rs 41.2 crore in the corresponding period last year.

• Bank of Baroda's Q4FY21 net loss comes in at Rs 1,046 crore due to higher tax expenses, against a net profit of Rs 507 crore in the year-ago period, with net interest income up by 4.5% YoY to Rs 7,106 crore.

• PNB Housing Finance approves a fundraise of up to Rs 4,000 crore from private equity firm Carlyle Group and former HDFC Bank CEO Aditya Puri to pay off debt and support its retail lending segment. It hits the upper circuit as the Carlyle Group makes an open offer to buy a 26% stake in the housing finance company.

• Divi's Laboratories' Q4FY21 income grows by 20% YoY to Rs 1,741 crore, with a 25% jump in net profits to Rs 488 crore in the March 2021 quarter.

• Mahindra & Mahindra's consolidated revenues up by 31% YoY to Rs 21,456 crore in Q4FY21, with net profits of Rs 1,635 crore against a net loss of Rs 588 crore in the year ago period.

• Glenmark Pharmaceuticals' Q4FY21 revenue rises by 3.3% YoY to Rs 2,860 crore, with net profits up by 6.1% to Rs 234 crore.

• Nifty 50 was trading at 15393.80 (-41.9, -0.3%) , BSE Sensex was trading at 51370.60 (-52.3, -0.1%) while the broader Nifty 500 was trading at 13098.85 (-18.2, -0.1%)

• Market breadth is in the green. Of the 1695 stocks traded today, 901 were gainers and 757 were losers.

Riding High:

Largecap and midcap gainers today include Nippon Life India Asset Management Ltd. (370.60, 6.30%), Steel Authority of India (SAIL) Ltd. (127.40, 5.38%) and Gujarat Gas Ltd. (538.00, 5.35%).

Downers:

Largecap and midcap losers today include Mahindra & Mahindra Ltd. (809.00, -4.36%), Bank of Baroda (80.65, -3.82%) and Gujarat State Petronet Ltd. (271.20, -2.64%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included PNB Housing Finance Ltd. (525.20, 19.89%), Redington (India) Ltd. (262.85, 19.61%) and Minda Corporation Ltd. (127.00, 11.80%).

Top high volume losers on BSE were Aurobindo Pharma Ltd. (1002.00, -1.98%), Gulf Oil Lubricants India Ltd. (699.05, -1.71%) and Aavas Financiers Ltd. (2275.00, -1.35%).

Solar Industries India Ltd. (1545.20, 10.00%) was trading at 15.0 times of weekly average. Nippon Life India Asset Management Ltd. (370.60, 6.30%) and Vakrangee Ltd. (42.25, 4.19%) were trading with volumes 12.5 and 12.1 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

19 stocks made 52 week highs,

Stocks touching their year highs included - Asian Paints Ltd. (2975.05, 1.17%), Avanti Feeds Ltd. (598.00, 3.66%) and Container Corporation of India Ltd. (680.95, 1.99%).

7 stocks climbed above their 200 day SMA including IRB Infrastructure Developers Ltd. (113.45, 6.78%) and IOL Chemicals and Pharmaceuticals Ltd. (703.00, 5.40%). 7 stocks slipped below their 200 SMA including Force Motors Ltd. (1192.00, -4.41%) and Strides Pharma Science Ltd. (768.00, -3.38%).