Markets close lower, Reserve Bank of India maintains the reverse repo rate at 3.35%

Nifty 50 closed at 15,670.65 (-19.7, -0.1%) , BSE Sensex closed at 52,100.05 (-132.4, -0.3%) while the broader Nifty 500 closed at 13,394.15 (13.7, 0.1%)

Market breadth is in the green. Of the 1,756 stocks traded today, 993 were on the uptrend, and 724 went down.

Emami, Kansai Nerolac Paints, Cyient and JK Lakshmi Cement are trading with higher delivery volumes compared to Thursday.
Castrol India, United Breweries, Sheela Foam and Bank of Maharashtra are trading in the green with more than nine times their average weekly trading volume.
Bank of India's Q4FY21 net profit stands at Rs 250 crore, against a net loss of Rs 3,571 crore in the year ago period, with net interest income down by 22% YoY to Rs 2,936 crore.
Bharat Forge trades higher as its Q4 revenue rises 19% YoY to Rs 2,135.2 crore with net profits of Rs 209 crore against a net loss of Rs 72 crore in the year ago period.
Punjab National Bank, IOL Chemicals and Pharmaceuticals, and MOIL are trading lower ahead of their Q4 earnings update later today.
Edelweiss maintains a ‘Buy’ rating on Rossari Biotech with a target price upside of 15%, citing the company's acquisition of Unitop Chemicals to benefit its bottom line
Spandana Spoorthy is rising with 7 times the average weekly trading volume as reports suggest Axis Bank (which the bank denies) is looking to acquire the microfinance company.
Motilal Oswal maintains a ‘Buy’ rating on Motherson Sumi Systems with a target price upside of 7%, due to a 19% reduction in debt QoQ to Rs 6,090 crore.
HDFC mutual fund acquires 1.3 lakh shares in Power Mech Projects for Rs 8.2 crore via a bulk deal, now holding a 0.8% stake in the company.
RailTel Corporation is rising as it wins orders worth Rs 119.7 crore from Bharat Coking Coal to set up a virtual private broadband network.
Gujarat State Petronet's Q4FY21 revenue rises by 19.4% YoY to Rs 3,826 crore with net profits up by 9% to Rs 416.7 crore.
The Governor of the Reserve Bank of India, Shaktikanta Das maintains the reverse repo rate at 3.35%. The Marginal Standing Facility rate and bank rates remain constant at 4.25%.
Franklin Templeton Investment Fund cuts its stake in Redington (India) by 0.1% selling 4.3 lakh shares on Wednesday. It now holds 2.9% of the company worth Rs 283 crore.
APL Apollo Tubes trades higher as its Q4 revenue rises 37% YoY to Rs 2,599.6 crore and net profit nearly doubles YoY to Rs 119 crore.
Quess Corp’s Q4FY21 net loss reduces by 89% YoY to Rs 63 crore while revenues remain flat at Rs 3,038 crore.
Nifty 50 was trading at 15712.60 (22.3, 0.1%) , BSE Sensex was trading at 52337.05 (104.6, 0.2%) while the broader Nifty 500 was trading at 13417.30 (36.8, 0.3%)
Market breadth is ticking up strongly. Of the 1664 stocks traded today, 1204 were gainers and 414 were losers.

Riding High:

Largecap and midcap gainers today include Indian Overseas Bank (19.25, 10.00%), Bharat Forge Ltd. (749.50, 7.70%) and Adani Enterprises Ltd. (1701.20, 7.46%).

Downers:

Largecap and midcap losers today include ABB India Ltd. (1,645.00, -2.77%), Crompton Greaves Consumer Electricals Ltd. (400.75, -2.26%) and Emami Ltd. (537.20, -2.08%).

Volume Shockers

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

Top high volume gainers on BSE included Indiabulls Housing Finance Ltd. (261.40, 14.25%), Bank of Maharashtra (29.00, 12.84%) and Indian Overseas Bank (19.25, 10.00%).

Top high volume losers on BSE were Nestle India Ltd. (17,457.95, -1.92%), APL Apollo Tubes Ltd. (1,313.50, -1.56%) and JK Cement Ltd. (2,840.15, -0.13%).

Spandana Sphoorty Financial Ltd. (743.60, 8.56%) was trading at 14.5 times of weekly average. Castrol India Ltd. (141.10, 5.34%) and United Breweries Ltd. (1,340.00, 5.74%) were trading with volumes 13.3 and 11.3 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

43 stocks hit their 52 week highs,

Stocks touching their year highs included - Ambuja Cements Ltd. (332.35, -0.48%), Bajaj Finance Ltd. (5,993.55, 1.56%) and Bank of Maharashtra (29.00, 12.84%).

10 stocks climbed above their 200 day SMA including Spandana Sphoorty Financial Ltd. (743.60, 8.56%) and Future Consumer Ltd. (8.34, 6.92%). 4 stocks slipped below their 200 SMA including EPL Ltd. (245.30, -2.04%) and Ipca Laboratories Ltd. (2,060.00, -1.35%).