Nifty 50 closed at 15568.05 (-14.8, -0.1%) , BSE Sensex closed at 51934.88 (-2.6, 0%) while the broader Nifty 500 closed at 13214.65 (-11.7, -0.1%)

Market breadth is in the red. Of the 1746 stocks traded today, 596 were gainers and 1119 were losers.

• Ashok Leyland is trading lower as it reports CV wholesales of 2,738 units in May 2021, a 65.6% MoM fall. The medium & heavy CV wholesales fell by 62% and light CV wholesales fell by 69.2% respectively.

• Bajaj Holdings & Investment, Schaeffler India, and Gujarat Fluorochemicals are trading with higher delivery volumes compared to Monday.

• Mahindra & Mahindra is trading lower as it reports total automobile wholesales of 17,447 units in May 2021, a 52% fall MoM. Exports fell by 3% to 1,935 units and domestic sales were 15,512, a 55% fall. Tractor sales were 24,184 units, a marginal 0.6% drop YoY.

• Maruti Suzuki India records total wholesales of 46,555 units in May 2021, a 71% MoM fall from 1.6 lakh units in April 2021. Domestic sales fell by 75.2% and exports fell by 34.7% respectively.

• Radico Khaitan is trading higher ahead of its Q4 earnings update later today. Whereas ITC, Balrampur Chini Mills, and Gujarat Gas are trading flat ahead of their Q4 earnings update later today.

• Escorts is trading lower as it reports total tractors wholesales of 6,423 units in May 2021, an 8% fall MoM. Exports were at 265 tractors, an 89.2% rise, and domestic sales were at 6,158, a 4.5% fall.  

• Narayana Hrudayalaya is trading with 11 times the weekly average trading volume. IRB Infrastructure Developers, Gujarat Fluorochemicals, and JSW Energy are trading in the green with more than four times their average weekly trading volume.

• Sheela Foam's revenues in Q4FY21 jumps 45% YoY to Rs 749 crore due to a 75% growth in exports, and net profits rise by 84% to Rs 58.4 crore.

• Motilal Oswal maintains a 'Buy' rating on Divi's Laboratories with a target price upside of 18%, citing strong demand prospects in nutraceuticals.

• HDFC mutual fund acquires 24.8 lakh shares in IRB Infrastructure Developers for Rs 27.5 crore via a bulk deal.

• Marksans Pharma's Q4FY21 revenue remains flat YoY at Rs 336 crore, with net profits rising by nearly 80% to Rs 79.5 crore.

• Bajaj Auto rises as it reports total two-wheeler wholesales of 2.4 lakh units in May 2021, a 31% fall against the previous month, and a 113% growth YoY. Export sales were 1.8 lakh units an 18.6% fall MoM, and domestic sales were 0.6 lakh units, a 52% fall MoM.

• Aurobindo Pharma’s Q4 net profit falls 5.6% YoY to Rs 801 crore and revenue declines by 2% to Rs 6,079 crore.

• Markets are up today morning. Nifty 50 was trading at 15,640.80 (58, 0.4%) , BSE Sensex was trading at 52,200.88 (263.4, 0.5%) while the broader Nifty 500 was trading at 13,277.95 (51.6, 0.4%)

• Market breadth is highly positive. Of the 1,656 stocks traded today, 1145 were gainers and 470 were losers.

Riding High:

Largecap and midcap gainers today include Adani Enterprises Ltd. (1423.50, 8.14%), Adani Total Gas Ltd. (1448.00, 7.35%) and JSW Energy Ltd. (126.25, 7.22%).

Downers:

Largecap and midcap losers today include Tata Motors Limited (DVR) (144.40, -4.24%), Steel Authority of India (SAIL) Ltd. (121.25, -4.23%) and Relaxo Footwears Ltd. (1088.85, -4.10%).

Volume Shockers

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

Top high volume gainers on BSE included Capri Global Capital Ltd. (549.95, 19.13%), Gujarat Fluorochemicals Ltd. (933.00, 12.66%) and Narayana Hrudayalaya Ltd. (491.90, 12.20%).

Top high volume losers on BSE were Tanla Platforms Ltd. (872.20, -4.93%), Tata Motors Limited (DVR) (144.40, -4.24%) and Honeywell Automation India Ltd. (41619.20, -2.86%).

IRB Infrastructure Developers Ltd. (116.20, 2.74%) was trading at 10.9 times of weekly average. JSW Energy Ltd. (126.25, 7.22%) and Radico Khaitan Ltd. (617.00, 1.11%) were trading with volumes 8.0 and 4.4 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

28 stocks made 52 week highs,

Stocks touching their year highs included - Aegis Logistics Ltd. (357.00, -0.61%), Balkrishna Industries Ltd. (2185.00, -0.72%) and Container Corporation of India Ltd. (695.00, 1.62%).

3 stocks climbed above their 200 day SMA including Ipca Laboratories Ltd. (2069.00, -0.08%) and Force Motors Ltd. (1188.00, -0.31%). 8 stocks slipped below their 200 SMA including Gulf Oil Lubricants India Ltd. (683.00, -2.30%) and IOL Chemicals and Pharmaceuticals Ltd. (686.05, -2.09%).