Markets end higher, Rolex Rings lists at a 30% premium

Nifty 50 closed at 16258.25 (20.1, 0.1%) , BSE Sensex closed at 54402.85 (125.1, 0.2%) while the broader Nifty 500 closed at 13935.05 (-19.6, -0.1%)

Market breadth is moving down. Of the 1787 stocks traded today, 550 were gainers and 1194 were losers.

DCB Bank's Q1FY22 net profit declines by 57% YoY to Rs 34 crore, with net interest income flat at Rs 309 crore, and gross NPAs doubling to 4.8% from 2.4% in the year ago period.
Valiant Organics, BASF India, Intellect Design Arena, Tata Investment Corporation, and Cholamandalam Financial Holdings are trading with more than four times their weekly average trading volume.
AstraZeneca Pharma India and MRF are trading higher, whereas Gujarat State Petronet, Nilkamal, Indian Hotels Company, and Balrampur Chini Mills are trading lower ahead of their Q1FY22 earnings update later today.
Edelweiss maintains a 'Buy' rating on Ujjivan Small Finance Bank with a 37% target price upside expecting a 20% growth in the small finance bank's assets under management in FY22.
Nuvoco Vistas Corporation's Rs 5,000 crore IPO is subscribed by 5% of the shares on offer, with the retail portion receiving bids for 9% of the available quota on the first day of the bidding process.
Bank of Baroda's net interest income increases by 15.7% in Q1FY22 to Rs 7,892 crore, with net profits of 1,208 crore, against a net loss of Rs 864 crore in the year ago period.
Rolex Rings lists at Rs 1,200 per share, a 30% premium to the issue price of Rs 900 per share. The forging company's Rs 731 crore IPO comprised of a Rs 56 crore fresh issue and an OFS of Rs 675 crore.
Indiabulls Real Estate is rising as its total income in Q1FY22 rises 5.5X YoY to Rs 532 crore, with net profits of Rs 5 crore, against a net loss of Rs 94 crore in Q1FY21.
CarTrade Tech raises Rs 900 crore from anchor investors at Rs 1,618 per share. The investors include Nomura, HSBC Global, Goldman Sachs India, Aditya Birla Sun Life Insurance, Elara India, and Axis Mutual Fund.
Steel Authority of India's Q1FY22 income rises by 122% to Rs 20,754.8, with net profits of Rs 3,897 crore, against a net loss of Rs 1,226 crore. The steelmaker reduced its gross debt by 14% from the previous quarter.
Nuvoco Vistas Corporation raises Rs 1,500 crore from over 40 anchor investors at Rs 570 per share. The investors include SBI Mutual Fund, SBI Life Insurance, ICICI Prudential Mutual Fund, HDFC Life, and Franklin Templeton Mutual Fund.
Nifty 50 was trading at 16287.40 (49.2, 0.3%) , BSE Sensex was trading at 54511.96 (234.2, 0.4%) while the broader Nifty 500 was trading at 13986.25 (31.6, 0.2%)
Market breadth is in the green. Of the 1708 stocks traded today, 1070 were on the uptick, and 584 were down.

Riding High:

Largecap and midcap gainers today include Indian Railway Catering & Tourism Corporation Ltd. (2648.20, 6.46%), Ipca Laboratories Ltd. (2293.15, 5.61%) and Piramal Enterprises Ltd. (2814.10, 5.54%).

Downers:

Largecap and midcap losers today include Steel Authority of India (SAIL) Ltd. (134.10, -4.89%), Indian Overseas Bank (20.70, -4.61%) and Balkrishna Industries Ltd. (2343.85, -4.30%).

Movers and Shakers

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

Top high volume gainers on BSE included BASF India Ltd. (3669.90, 8.71%), JK Paper Ltd. (280.70, 8.48%) and Network 18 Media & Investments Ltd. (51.60, 7.50%).

Top high volume losers on BSE were Intellect Design Arena Ltd. (658.60, -8.63%), Venky's (India) Ltd. (2804.95, -7.94%) and IFB Industries Ltd. (924.80, -6.54%).

AstraZeneca Pharma India Ltd. (3364.65, -1.19%) was trading at 8.9 times of weekly average. MRF Ltd. (80050.65, 1.13%) and Cholamandalam Financial Holdings Ltd. (656.40, -1.47%) were trading with volumes 7.9 and 6.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

17 stocks made 52 week highs, while 2 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - BASF India Ltd. (3669.90, 8.71%), Cummins India Ltd. (908.90, 0.89%) and JK Cement Ltd. (3507.70, 4.45%).

Stocks making new 52 weeks lows included - Alembic Pharmaceuticals Ltd. (772.45, -1.35%) and Ujjivan Small Finance Bank Ltd. (26.55, -2.93%).

7 stocks climbed above their 200 day SMA including EPL Ltd. (247.30, 3.19%) and Mahindra & Mahindra Ltd. (774.95, 2.20%). 4 stocks slipped below their 200 SMA including Welspun Corp Ltd. (129.85, -3.24%) and Multi Commodity Exchange of India Ltd. (1571.20, -2.22%).