Nifty 50 closed at 15,856.05 (32, 0.2%) , BSE Sensex closed at 52,975.80 (138.6, 0.3%) while the broader Nifty 500 closed at 13,687.00 (16.8, 0.1%)

Market breadth is in the red. Of the 1,755 stocks traded today, 710 were on the uptick, and 1,012 were down.

• Sanofi India, Elgi Equipments, Tube Investments of India, ABB India, and Kajaria Ceramics are trading with higher delivery volumes compared to Thursday.

• HDFC Securities maintains a "Sell" rating on Asian Paints with a target price at a downside of 22% expecting EBITDA margins to remain under pressure till FY23 due to high raw material costs.

• HDFC Mutual Fund sells nearly 43.3 lakh shares (2.12% stake) of Orient Cement on Thursday. It now holds 5.15% stake in the company.

• Mahindra Lifespace Developers hits a new 52-week high as its board of directors will consider a proposal for the issuance of bonus shares in its upcoming meeting on July 28, 2021.

• Vodafone Idea's proposal to raise Rs 15,000 crore through foreign direct investment is approved by the central government.

• PSP Projects announces that they received orders worth Rs 82.8 crore so far in FY22 for institutional and industrial projects from various clients.

• Mphasis, Persistent Systems, Mishra Dhatu Nigam, Spandana Sphoorty Financial, and Max Financial Services are trading in the green with more than four times their average weekly trading volume.

• Bajaj Auto's revenue jumps 138% YoY to Rs 7,386 crore in Q1FY22 and net profits posting a two-fold increase to Rs 1,061 crore.

• Reliance Industries, Federal Bank, and United Spirits are trading lower whereas JSW Steel, Ambuja Cements, and SBI Cards and Payment Services are trading higher ahead of their Q1FY22 earnings update later today.

• UltraTech Cement's Q1FY22 revenue rises by 35.6% YoY to Rs 11,327 crore, with net profits up by 108% to Rs 1,681 crore.

• The Government of Singapore sells 64.1 lakh shares (0.2% stake) of Reliance Industries for Rs 1,359 crore in Q1FY22. It now holds a 1.2% stake in the company for Rs 14,944 crore.

• IndiaMART InterMESH's Q1FY22 profit rises 18.6% YoY to Rs 87.9 crore, revenues grow by 13% to Rs 211 crore.

• Zomato lists at Rs 116 per share, a 52.6% premium to the issue price of Rs 76 per share. The food delivery company's IPO comprised of a Rs 9,000 crore fresh issue and a Rs 375 crore offer for sale. The company crossed one lakh crore market capitalization within a few minutes of listing.

• Mphasis' Q1FY22 net profit rises 7.2% QoQ to Rs 339.7 crore, revenues grow by 7% to Rs 2,737.5 crore.

• Nifty 50 was trading at 15,854.70 (30.7, 0.2%) , BSE Sensex was trading at 52,779.55 (-57.7, -0.1%) while the broader Nifty 500 was trading at 13,703.90 (33.7, 0.3%)

• Market breadth is highly positive. Of the 1,674 stocks traded today, 1,096 were on the uptrend, and 531 went down.

Riding High:

Largecap and midcap gainers today include JSW Energy Ltd. (240.75, 10.82%), MphasiS Ltd. (2,530.15, 5.54%) and Indian Overseas Bank (25.75, 5.10%).

Downers:

Largecap and midcap losers today include Vodafone Idea Ltd. (8.35, -9.73%), Indus Towers Ltd. (220.50, -4.79%) and ICICI Lombard General Insurance Company Ltd. (1,484.80, -3.82%).

Movers and Shakers

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

Top high volume gainers on BSE included Schaeffler India Ltd. (6,569.65, 13.06%), Mahindra Lifespace Developers Ltd. (720.80, 7.90%) and Persistent Systems Ltd. (3,039.15, 7.44%).

Top high volume losers on BSE were ICICI Lombard General Insurance Company Ltd. (1,484.80, -3.82%), Info Edge (India) Ltd. (5,142.55, -1.58%) and Responsive Industries Ltd. (134.85, -0.77%).

Maharashtra Scooters Ltd. (4,028.35, 5.39%) was trading at 17.4 times of weekly average. Mahindra Logistics Ltd. (593.75, 1.89%) and MphasiS Ltd. (2,530.15, 5.54%) were trading with volumes 15.6 and 9.3 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

46 stocks took off, crossing 52 week highs,

Stocks touching their year highs included - Abbott India Ltd. (17,815.85, 1.63%), ACC Ltd. (2,337.55, 2.07%) and Allcargo Logistics Ltd. (178.75, 6.62%).

8 stocks climbed above their 200 day SMA including SBI Cards and Payment Services Ltd. (956.90, 1.49%) and VST Industries Ltd. (3,507.40, 0.89%). 3 stocks slipped below their 200 SMA including Engineers India Ltd. (74.85, -1.45%) and Aarti Drugs Ltd. (717.15, -0.77%).