Markets close higher, Glenmark Life Sciences' IPO subscribed 41.1 times

Nifty 50 closed at 15,778.45 (69.1, 0.4%) , BSE Sensex closed at 52,653.07 (209.4, 0.4%) while the broader Nifty 500 closed at 13,643.75 (64.6, 0.5%)

Market breadth is in the green. Of the 1,742 stocks traded today, 1,033 showed gains, and 679 showed losses.

VST Industries, Equitas Holdings, Sheela Foam, Ratnamani Metals & Tubes, and Atul are trading with higher delivery volumes compared to Wednesday.
Axis Direct upgrades its rating on Zensar Technologies to "Buy" from "Hold' with a target price at an upside of 13% expecting deal wins in the company's banking verticals.
Sonata Software is trading higher after it announces the acquisition of Encore Software Services, a US-based IT services company for $14.6 million (Rs 108.6 crore).
Balrampur Chini Mills hits a new 52-week high after the company announces that its board of directors will consider a proposal for the buyback of equity shares during its meeting on August 9, 2021.
Route Mobile's revenue rises by 5.5% QoQ to Rs 382 crore, with net profits down by 4.5% to Rs 33.8 crore.
Tejas Networks hits the upper circuit after the company announces that Panatone Finvest, a subsidiary of Tata Sons will acquire a controlling stake of 43.3% stake in the company for Rs 1,850 crore.
Rolex Rings' Rs 731 crore IPO is subscribed by 6.2 times the shares on offer with the retail portion receiving bids for 11.2 times the available quota on day 2 of the bidding process.
JM Financial's total income in Q1FY22 rises by 43% YoY to Rs 992 crore, with net NPAs rising to 1.89% from 1.22% in the year-ago period.
Glenmark Life Sciences' Rs 1,513.6 crore IPO is subscribed by 7.4 times the shares on offer with the retail portion receiving bids for 11.1 times the available quota on the final day of the bidding process.
Swan Energy is trading in the green with more than 23 times its weekly average trading volume. Suprajit Engineering, Mahanagar Gas, and Emami are trading with over six times their weekly average trading volume.
LIC Housing Finance, JK Lakshmi Cement, and Dhanuka Agritech are trading higher, whereas TVS Motor Company, PVR, and Raymond are trading lower ahead of their Q1FY22 earnings update later today.
Mahanagar Gas is rising as the gas distribution company's total sales in Q1FY22 rises 2.4X YoY to Rs 667 crore, with net profits up by 4.5X to Rs 204 crore.
Cyient announces the acquisition of WorkForce Delta, a mobile workforce management consulting company for $2.7 million (Rs 20.1 crore).
Nestle India's Q1FY22 net profit rises 10.7% YoY to Rs 538.6 crore, revenues increase by 13.5% to Rs 3,506.2 crore.
Tatva Chintan Pharma Chem lists at Rs 2,111.8 per share, a 95% premium to the issue price of Rs 1,083 per share. The specialty chemical company's IPO comprised of a Rs 225 crore fresh issue and a Rs 275 crore offer for sale.
Maruti Suzuki India's Q1FY22 net profit falls 61.7% QoQ to Rs 475 crore, revenues decline by 24.2% to Rs 18,284.3 crore.
Nifty 50 was trading at 15,747.30 (37.9, 0.2%) , BSE Sensex was trading at 52,608.44 (164.7, 0.3%) while the broader Nifty 500 was trading at 13,615.50 (36.4, 0.3%)
Market breadth is ticking up strongly. Of the 1,661 stocks traded today, 1,177 were on the uptick, and 434 were down.

Riding High:

Largecap and midcap gainers today include Hindalco Industries Ltd. (458.10, 10.04%), Tata Steel Ltd. (1,458.60, 6.86%) and Vedanta Ltd. (288.60, 6.85%).

Downers:

Largecap and midcap losers today include Indus Towers Ltd. (221.95, -4.70%), Colgate-Palmolive (India) Ltd. (1,709.50, -4.62%) and LIC Housing Finance Ltd. (414.90, -4.19%).

Movers and Shakers

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

Top high volume gainers on BSE included Swan Energy Ltd. (175.40, 19.69%), V Mart Retail Ltd. (3,853.95, 13.82%) and Schneider Electric Infrastructure Ltd. (142.55, 13.36%).

Top high volume losers on BSE were Prism Johnson Ltd. (137.50, -5.11%), Great Eastern Shipping Company Ltd. (342.95, -4.64%) and LIC Housing Finance Ltd. (414.90, -4.19%).

Shoppers Stop Ltd. (266.90, 10.20%) was trading at 20.4 times of weekly average. Gujarat Mineral Development Corporation Ltd. (71.00, 9.74%) and JTEKT India Ltd. (123.30, 10.34%) were trading with volumes 17.2 and 13.9 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, while 1 stock was underachiever and hit their 52 week lows.

Stocks touching their year highs included - Abbott India Ltd. (18,193.95, 1.44%), ACC Ltd. (2,364.00, -1.25%) and Ajanta Pharma Ltd. (2,394.70, 2.69%).

Stock making new 52 weeks lows included - Alembic Pharmaceuticals Ltd. (778.10, -2.22%).

5 stocks climbed above their 200 day SMA including Karnataka Bank Ltd. (62.45, 8.51%) and DCB Bank Ltd. (105.05, 2.54%). 8 stocks slipped below their 200 SMA including Maruti Suzuki India Ltd. (6,993.50, -2.39%) and Aarti Drugs Ltd. (664.90, -1.49%).