Markets close lower, Force Motors' July wholesales fall 5.5% YoY

Nifty 50 closed at 16,238.20 (-56.4, -0.4%) , BSE Sensex closed at 54,277.72 (-215.1, -0.4%) while the broader Nifty 500 closed at 13,954.65 (-26.9, -0.2%)

Market breadth is in the green. Of the 1,746 stocks traded today, 921 were on the uptrend, and 785 went down.

3M India, Atul, GMM Pfaudler, and Procter & Gamble Health are trading with higher delivery volumes compared to Thursday.
Axis Securities maintains a 'Buy' rating on State Bank of India with a target price upside of 21% expecting credit costs to normalize in the coming quarters as collection efficiencies improved to 93.5% in July.
Honeywell Automation India's Q1FY22 net profit declines by 6.7% YoY to Rs 91.5 crore, revenues fall 6.5% to Rs 705 crore.
Ricky Kriplani buys nearly 3 lakh shares (2.13% stake) of Deccan Cements on Thursday. He now holds 13.1 lakh shares (9.39% stake) of the company.
Krsnaa Diagnostics' Rs 1,213.3 crore IPO is subscribed by 8 times of the shares on offer, with the retail portion receiving bids for 29.2 times the available quota on the final day of the bidding process.
Quess Corp's consolidated revenue in Q1FY22 rises by 24% YoY to Rs 298.7 crore, with net profits up by 22% to Rs 44.6 crore.
Devyani International's Rs 1,838 crore IPO is subscribed by 9.8 times of the shares on offer, with the retail portion receiving bids for 29.1 times the available quota on the final day of the bidding process.
Future Retail, Narayana Hrudyalaya, and Tata Chemicals are trading with more than 10 times their weekly average trading volume.
Ca Emerald Investments, an investment arm of private equity from Carlyle Group sells nearly 2 crore shares of SBI Life Insurance Company for Rs 2,147 crore in a bulk deal on Thursday.
Birla Corporation's Q1FY22 net profit rises 2.2X YoY to Rs 141.5 crore, revenues rise 41.7% to Rs 1,758.4 crore.
Aarti Industries, Abbott India, and Mahindra & Mahindra are trading higher, whereas Balkrishna Industries, Graphite India, and Muthoot Finance are trading lower ahead of their Q1FY22 earnings update later today.
Adani Power's Q1FY22 consolidated revenue rises 34% YoY to Rs 7,213.2 crore, with a net profit of Rs 278 crore against a net loss of Rs 682 crore in the year-ago period.
Reliance Industries and Future Group's stocks - Future Retail, Future Lifestyle Fashions, Future Enterprises, Future Market Networks, Future Supply Chain Solutions, and Future Consumer are trading lower. This comes after the Supreme Court upholds Amazon's plea and validates Singapore arbitrator's order to put a hold on the Reliance and Future Group's deal.
Cipla's revenues in Q1FY22 rises by 26% YoY to Rs 5,504.3 crore with net profits up by 25% to Rs 710 crore.
Glenmark Life Sciences lists at Rs 751.1 per share, a 4.3% premium to the issue price of Rs 720 per share. The pure play API maker's IPO comprised of a Rs 1,060 crore fresh issue and a Rs 453.6 crore offer for sale.
Force Motors' wholesales in July fall 5.5% YoY to 1,820 units. Domestic wholesales up by 7% to 1,607 units, but exports nearly halves to 213 units in the month.
Nifty 50 was trading at 16,316.10 (21.5, 0.1%) , BSE Sensex was trading at 54,503.67 (10.8, 0.0%) while the broader Nifty 500 was trading at 14,013.10 (31.6, 0.2%)
Market breadth is highly positive. Of the 1,666 stocks traded today, 1,191 were on the uptick, and 431 were down.

Riding High:

Largecap and midcap gainers today include Vodafone Idea Ltd. (7.10, 19.33%), Aditya Birla Capital Ltd. (121.95, 7.35%) and Adani Enterprises Ltd. (1536.65, 7.28%).

Downers:

Largecap and midcap losers today include Gujarat Gas Ltd. (737.40, -4.49%), Cipla Ltd. (911.30, -3.61%) and Ambuja Cements Ltd. (403.90, -3.58%).

Volume Rockets

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

Top high volume gainers on BSE included BASF India Ltd. (3,375.80, 17.83%), Tata Investment Corporation Ltd. (1,278.65, 11.37%) and Narayana Hrudayalaya Ltd. (540.30, 7.36%).

Top high volume losers on BSE were Future Retail Ltd. (52.55, -9.94%), Future Consumer Ltd. (7.25, -8.23%) and Strides Pharma Science Ltd. (732.80, -6.26%).

Tata Chemicals Ltd. (823.65, 7.06%) was trading at 16.3 times of weekly average. Rites Ltd. (268.25, 1.13%) and GAIL (India) Ltd. (148.75, 4.09%) were trading with volumes 7.7 and 5.3 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

18 stocks hit their 52 week highs,

Stocks touching their year highs included - BASF India Ltd. (3,375.80, 17.83%), Chambal Fertilisers & Chemicals Ltd. (319.45, -0.11%) and Havells India Ltd. (1,232.90, 1.37%).

6 stocks climbed above their 200 day SMA including Housing and Urban Development Corporation Ltd. (45.00, 3.09%) and Welspun Corp Ltd. (134.20, 0.64%). 2 stocks slipped below their 200 SMA including HDFC Life Insurance Company Ltd. (673.40, 0.58%) and IDFC First Bank Ltd. (49.20, 2.93%).