• Grindwell Norton, Mahindra CIE Automotive, Radico Khaitan, Gillette India, and Shriram City Union Finance are trading with higher delivery volumes compared to Monday.

• Nalanda India Equity Fund sold 37.1 lakh shares (7.02% stake) in Thyrocare Technologies for Rs 487.6 crore in a bulk deal. In another bulk deal on Monday, Plutus Wealth Management acquired 15 lakh shares (2.84% stake) in Thyrocare Technologies for Rs 195 crore.

• HDFC Securities maintains a 'Reduce' rating on Ashok Leyland with a target price at a downside of 6.3% citing the negative impact of the second Covid-19 wave on its passenger bus segment (20% of demand).

• Graphite India posts a net profit of Rs 64 crore in Q4FY21 against a net loss of Rs 7 crore in the year ago period, as input costs fall 32% YoY and revenues remain flat at Rs 621 crore.

• Indian Railway Catering & Tourism Corporation, NBCC (India) and Rail Vikas Nigam are trading higher whereas Bharat Rasayan, Finolex Cables and EID Parry (India) are trading lower ahead of their Q4 earnings update later today.

• Godrej Consumer Products is rising as credit ratings agency ICRA upgrades the FMCG company's long term loans ratings to AAA from AA+ with a "Stable" outlook.

• HDFC Life Insurance Company trades lower after reports suggests that its co-promoter Standard Life Group may sell 7 crore shares (3.46% stake) in the life insurance company for Rs 4,606 crore.

• Sequent Scientific, HDFC Life Insurance Company, Ajanta Pharma, and Gulf Oil Lubricants India are trading in the green with more than five times their average weekly trading volume.

• Zee Media Corporation's Q4 net profits fall 5.8% YoY to Rs 10.5 crore despite a 32% rise in revenues to Rs 185 crore due to a one-time loss worth Rs 11.2 crore.

• RITES trades higher after it wins an order for the extension of the mainline from Rose Hill to Reduit through Ebene from Metro Express Limited, Mauritius worth Rs 45 crore.

• SpiceJet, the second-largest domestic passenger airline, is trading higher as the company's board will meet on June 30 to consider a fundraising plan.

• Hindustan Aeronautics' Q4 net profits rise 31.3% YoY to Rs 1,622.1 crore as it cuts salary costs by 27% and interest expenses fall 70.4%, revenues rise 4.4% to Rs 10,870.2 crore

• Ashish Kacholia and Societe Generale sell 4.2 lakh and 4.4 lakh shares of Kirshna Institutie of Medical Sciences (KIMS) for Rs 40.5 crore and Rs 43.4 crore respectively across two bulk deals on Monday. On the same day, Nomura Singapore purchased 12.8 lakh shares in KIMS for Rs 128 crore in a bulk deal.

• National Aluminium Company's Q4 net profits jump 9.3X YoY to Rs 936 crore, revenues rise 41% to Rs 2,874.5 crore as aluminum segment revenues rise 72%.

• Nifty 50 was trading at 15,816.80 (2.1, 0.0%) , BSE Sensex was trading at 52,789.17 (53.6, 0.1%) while the broader Nifty 500 was trading at 13,546.25 (13.2, 0.1%)

• Market breadth is highly positive. Of the 1,677 stocks traded today, 1,167 were on the uptrend, and 477 went down.

Riding High:

Largecap and midcap gainers today include JSW Energy Ltd. (163.10, 6.18%), Marico Ltd. (537.75, 5.53%) and The New India Assurance Company Ltd. (172.55, 4.48%).

Downers:

Largecap and midcap losers today include Adani Total Gas Ltd. (1,073.40, -5.00%), Oil India Ltd. (156.00, -3.73%) and NHPC Ltd. (25.75, -3.56%).

Volume Rockets

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

Top high volume gainers on BSE included Sequent Scientific Ltd. (322.30, 10.30%), KSB Ltd. (1,004.35, 8.49%) and Firstsource Solutions Ltd. (188.55, 8.42%).

Top high volume losers on BSE were Indian Bank (144.55, -6.50%), NHPC Ltd. (25.75, -3.56%) and HDFC Life Insurance Company Ltd. (686.35, -1.41%).

Ajanta Pharma Ltd. (2,080.00, 3.60%) was trading at 9.9 times of weekly average. The New India Assurance Company Ltd. (172.55, 4.48%) and Marico Ltd. (537.75, 5.53%) were trading with volumes 9.7 and 8.6 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

22 stocks took off, crossing 52 week highs,

Stocks touching their year highs included - Allcargo Logistics Ltd. (162.00, 2.05%), Apollo Hospitals Enterprise Ltd. (3,598.30, 4.17%) and Cipla Ltd. (979.05, 1.66%).

7 stocks climbed above their 200 day SMA including Force Motors Ltd. (1,237.00, 0.77%) and Varroc Engineering Ltd. (369.00, 0.01%). 1 stock slipped below their 200 SMA including RBL Bank Ltd. (211.95, -1.28%).