Nifty 50 closed at 15,824.45 (-31.6, -0.2%) , BSE Sensex closed at 52,852.27 (-123.5, -0.2%) while the broader Nifty 500 closed at 13,675.10 (-11.9, -0.1%)
Market breadth is holding steady. Of the 1792 stocks traded today, 837 were on the uptick, and 911 were down.
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Tube Investments of India, VST Industries, Procter & Gamble Hygiene & Healthcare, and EPL are trading with higher delivery volumes compared to Friday.
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HDFC Securities maintains a "Reduce" rating on Hindustan Unilever with a target price at a downside of 4% due to rising raw material costs.
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Responsive Industries is trading with 13 times its weekly average trading volume. Poly Medicure, Caplin Point Laboratories, and Linde India are trading with over five times their weekly average trading volume.
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Symphony's total sales in Q1FY22 falls 48% YoY to Rs 229 crore, with a three fold increase in net profits to Rs 6 crore.
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ICICI Bank's Q1FY22 net profit rises 52.3% YoY to Rs 4,747.4 crore as net interest income rises 17.6% to Rs 13,023.5 crore.
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Ambuja Cements' sales in the June 2021 quarter rises 56% YoY to Rs 3,342 crore, with net profits up by 96% to Rs 1,161 crore.
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DLF, Navin Fluorine International, and KPIT Technologies are trading higher, whereas Tata Motors, Axis Bank, and Larsen & Toubro are trading lower ahead of their Q1FY22 earnings update later today.
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ITC's Q1FY22 revenues up by 36% YoY to Rs 12,959 crore, with a 28.6% increase in net profits to Rs 3,013 crore.
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ICICI Direct downgrades its rating on IIFL Securities to "Hold" from "Buy" with a target price at a 2% upside, due to strong competition from other discount brokerages.
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Yes Bank's Q1FY22 net profit rises six fold YoY to Rs 204 crore, with net interest income dropping by 26.5% to Rs 1,402 crore.
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Ashish Kacholia sells 2.7 lakh shares (2.09% stake) of Apollo Pipes for Rs 27.4 crore in a bulk deal on Friday.
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Reliance Industries' Q1FY22 net profit falls 7.2% YoY to Rs 12,273 crore, despite a 55.4% rise in revenues to Rs 1,48,591 crore.
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Nifty 50 was trading at 15,866.10 (10.1, 0.1%) , BSE Sensex was trading at 52,941.83 (-34.0, -0.1%) while the broader Nifty 500 was trading at 13,704.80 (17.8, 0.1%)
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Market breadth is in the green. Of the 1,707 stocks traded today, 1,047 were in the positive territory and 606 were negative.
Riding High:
Largecap and midcap gainers today include SBI Cards and Payment Services Ltd. (1017.25, 6.31%), Coromandel International Ltd. (914.20, 5.21%) and Apollo Hospitals Enterprise Ltd. (4100.35, 4.63%).
Downers:
Largecap and midcap losers today include Mahindra & Mahindra Financial Services Ltd. (146.30, -5.09%), Adani Green Energy Ltd. (942.20, -3.88%) and Alembic Pharmaceuticals Ltd. (909.80, -3.83%).
Movers and Shakers
33 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Caplin Point Laboratories Ltd. (944.00, 19.20%), Alkyl Amines Chemicals Ltd. (4407.00, 9.50%) and Mahindra CIE Automotive Ltd. (268.45, 9.02%).
Top high volume losers on BSE were CreditAccess Grameen Ltd. (660.75, -6.06%), Navin Fluorine International Ltd. (3707.55, -5.90%) and Mahindra & Mahindra Financial Services Ltd. (146.30, -5.09%).
Responsive Industries Ltd. (136.35, 1.11%) was trading at 19.1 times of weekly average. Phillips Carbon Black Ltd. (246.00, 5.56%) and Poly Medicure Ltd. (1016.25, 1.23%) were trading with volumes 16.3 and 9.9 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
52 stocks hit their 52 week highs,
Stocks touching their year highs included - Abbott India Ltd. (17859.85, 0.25%), Ajanta Pharma Ltd. (2216.55, 2.32%) and Allcargo Logistics Ltd. (188.10, 5.23%).
8 stocks climbed above their 200 day SMA including SBI Cards and Payment Services Ltd. (1017.25, 6.31%) and IOL Chemicals and Pharmaceuticals Ltd. (691.15, 3.81%). 5 stocks slipped below their 200 SMA including CreditAccess Grameen Ltd. (660.75, -6.06%) and Symphony Ltd. (1020.45, -4.58%).
