Nifty 50 closed at 15,747.55 (77.3, 0.5%) , BSE Sensex closed at 52,328.51 (228.5, 0.4%) while the broader Nifty 500 closed at 13,476.45 (82.6, 0.6%)

Market breadth is surging up. Of the 1,806 stocks traded today, 1,253 showed gains, and 515 showed losses.

• Geojit BNP Paribas maintains a ‘Buy’ rating on Glenmark Pharmaceuticals with a target price upside of 16%, citing a 26.7% rise YoY in the API business and debt reduction plans.

• Atul, Dalmia Bharat, Zydus Wellness, and JK Cement are trading with higher delivery volumes compared to Friday.

• MRF trades lower as its Q4FY21 net profit falls 32% YoY to Rs 332 crore and revenue rises 30% YoY to Rs 4,874 crore.

• HDFC Securities maintains a ‘Buy’ rating on Bharat Forge with a target price upside of 14%, citing opportunities in defense after its acquisition of Kalyani Strategic Systems.

• Cera Sanitaryware, Gujarat Ambuja Exports, Varroc Engineering and Mazagaon Dock Shipbuilders are trading with more than six times their average weekly trading volume.

• Nomura Singapore cuts its stake in Paramount Communications by 0.68% disposing 12.5 lakh shares worth Rs 1.6 crore via a bulk deal.

• Central Bank of India, MRF, and Union Bank of India are trading in the green ahead of their Q4 earnings update later today.

• IOL Chemicals and Pharmaceuticals trades lower as its Q4FY21 net profit falls 16.6% YoY to Rs 75.2 crore and revenue rises 4.4% YoY to Rs 466.6 crore.

• Porinju V Veliyath increases his stake in IRIS Business Services by 0.6% acquiring 1.2 lakh shares for Rs 1.2 crore via a bulk deal.

• Jubilant Pharmova's Q4FY21 revenues rise by 4.4% YoY to Rs 1,552 crore, due to a growth in the contract manufacturing and generics verticals with net profits down by 18% to Rs 214 crore.

• Shipbuilders' stocks like Mazagon Dock Shipbuilders, Reliance Naval & Engineering, and Larsen & Toubro trade higher as the Indian Defence Ministry approves a Rs 43,000 crore project to build six conventional submarines for the Indian Navy.

• MOIL trades higher as its Q4 revenue rises 70.2% YoY to Rs 481.5 crore and net profit rises 8.6x YoY to Rs 116 crore.

• Reliance Infrastructure's board approves a Rs 550 crore fundraise through a preferential allotment of convertible warrants to the promoter group.

• InterGlobe Aviation's Q4 net loss increases 31.7% YoY to Rs 1,147 crore and revenues decline by 26.3% to Rs 6,361.8 crore.

• Nifty 50 was trading at 15700.30 (30.1, 0.2%) , BSE Sensex was trading at 52135.65 (35.6, 0.1%) while the broader Nifty 500 was trading at 13438.40 (44.5, 0.3%)

• Market breadth is overwhelmingly positive. Of the 1711 stocks traded today, 1306 were on the uptick, and 371 were down.

Riding High:

Largecap and midcap gainers today include Adani Power Ltd. (126.95, 20.05%), Indian Overseas Bank (21.70, 12.73%) and Indian Railway Catering & Tourism Corporation Ltd. (2,114.40, 10.03%).

Downers:

Largecap and midcap losers today include NMDC Ltd. (182.10, -5.79%), Bajaj Finance Ltd. (5,728.10, -4.43%) and Adani Enterprises Ltd. (1,627.00, -4.35%).

Volume Rockets

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

Top high volume gainers on BSE included Adani Power Ltd. (126.95, 20.05%), Indian Overseas Bank (21.70, 12.73%) and Garden Reach Shipbuilders & Engineers Ltd. (205.00, 10.90%).

Top high volume losers on BSE were Varroc Engineering Ltd. (384.25, -11.49%), MRF Ltd. (82,300.00, -3.08%) and InterGlobe Aviation Ltd. (1,752.45, -0.11%).

Cera Sanitaryware Ltd. (4,370.00, 7.71%) was trading at 14.6 times of weekly average. Indian Railway Catering & Tourism Corporation Ltd. (2,114.40, 10.03%) and Torrent Power Ltd. (461.80, 7.05%) were trading with volumes 12.8 and 8.9 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

68 stocks made 52 week highs,

Stocks touching their year highs included - ACC Ltd. (2,046.10, 1.80%), Adani Ports & Special Economic Zone Ltd. (878.00, 5.29%) and Adani Power Ltd. (126.95, 20.05%).

19 stocks climbed above their 200 day SMA including Garden Reach Shipbuilders & Engineers Ltd. (205.00, 10.90%) and Vakrangee Ltd. (48.75, 9.92%). 4 stocks slipped below their 200 SMA including IOL Chemicals and Pharmaceuticals Ltd. (658.00, -6.11%) and Strides Pharma Science Ltd. (780.00, -0.98%).