Markets close higher, Chemplast Sanmar raises Rs 1,732.5 crore from anchor investors

Nifty 50 closed at 16,280.10 (21.9, 0.1%) , BSE Sensex closed at 54,554.66 (151.8, 0.3%) while the broader Nifty 500 closed at 13,892.75 (-42.3, -0.3%)

Market breadth is overwhelmingly negative. Of the 1,759 stocks traded today, 227 were gainers and 1,515 were losers.

Quess Corp, Fine Organic Industries, Symphony, Infosys, and Procter & Gamble Hygiene & Healthcare are trading with higher delivery volumes compared to Monday.
HDFC Securities maintains an 'Add' rating on Mahindra & Mahindra with a 12.7% target price upside as the company expects to increase sales by 6% in FY22 with new launches in the passenger vehicle segment.
Cadila Healthcare's Covid-19 vaccine is likely to be approved by Drug Controller General of India this week, according to reports. The pharma company will produce 10-12 crore doses annually.
Hinduja Global hits the upper circuit after the company announces the divestment of its healthcare services business to Baring Private Equity Asia for an enterprise value of $1.2 billion (Rs 8,920 crore).
CarTrade Tech's Rs 2,998.5 crore IPO is subscribed by 55% of the shares on offer, with the retail portion receiving bids for 1.1 times of the available quota on day 2 of the bidding process.
Bombay Dyeing & Manufacturing Company's revenue in Q1FY22 rises by 4.2X YoY to Rs 380.8 crore, with net losses declining by 16% to Rs 109 crore.
Nuvoco Vistas Corporation's Rs 5,000 crore IPO is subscribed by 23% of the shares on offer, with the retail portion receiving bids for 38% of the available quota on day 2 of the bidding process.
Timken India is trading in the green with 11 times its weekly average trading volume. Navin Fluorine International, Gujarat State Petronet, and Hindustan Aeronautics are trading in the green with over three times their weekly average trading volume.
Max Financial Services, Coal India, and Siemens are trading higher, whereas Ashoka Buildcon, Power Grid Corporation of India, and Jindal Steel & Power are trading lower ahead of their Q1FY22 earnings update later today.
Shree Cements' Q1FY22 revenue rises by 48% YoY to Rs 3,449.5 crore, with net profits up by 78% to Rs 661.7 crore.
Smallcap World Fund purchases 41.3 lakh shares of Quess Corp (2.1% stake) for Rs 371 crore in a bulk deal on Monday.
Timken India is trading higher after its Q1FY22 net profit jumps 18X YoY to Rs 56.7 crore, revenues rise 2.8X to Rs 470.7 crore.
Aptus Value Housing Finance India raises Rs 834 crore from 36 anchor investors at Rs 353 per share. The investors include Nomura India, Abardeen Global, CLSA Global Markets, Copthall Mauritius, Edelweiss Mutual Fund (MF), and Axis MF.
Polar Capital Funds buys 8.4 lakh shares of Glenmark Life Sciences for Rs 61.2 crore in a bulk deal on Monday. The API maker listed at Rs 751.1, a 4.3% premium to the issue price of Rs 720 per share on Friday.
Chemplast Sanmar raises Rs 1,732.5 crore from 78 anchor investors at Rs 541 per share. The investors include Goldman Sachs (Singapore), Nomura Singapore, Morgan Stanley Asia, SBI Mutual Fund (MF), Axis MF, Mirae asset MF, and Aditya Birla Sun Life.
Nifty 50 was trading at 16,317.45 (59.2, 0.4%) , BSE Sensex was trading at 54,655.04 (252.2, 0.5%) while the broader Nifty 500 was trading at 13,982.60 (47.6, 0.3%)
Market breadth is in the green. Of the 1,680 stocks traded today, 956 were in the positive territory and 674 were negative.

Riding High:

Largecap and midcap gainers today include Abbott India Ltd. (18,328.70, 4.69%), Ipca Laboratories Ltd. (2,398.45, 4.59%) and Gujarat State Petronet Ltd. (338.25, 4.24%).

Downers:

Largecap and midcap losers today include Steel Authority of India (SAIL) Ltd. (127.25, -5.11%), Adani Power Ltd. (85.85, -4.98%) and JSW Energy Ltd. (234.85, -4.96%).

Movers and Shakers

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

Top high volume gainers on BSE included Future Retail Ltd. (50.35, 6.45%), Escorts Ltd. (1,270.00, 6.34%) and Max Healthcare Institute Ltd. (303.65, 5.54%).

Top high volume losers on BSE were Manappuram Finance Ltd. (191.50, -4.68%), Motherson Sumi Systems Ltd. (223.20, -3.33%) and Network 18 Media & Investments Ltd. (50.00, -3.10%).

Timken India Ltd. (1550.95, 3.97%) was trading at 16.9 times of weekly average. 3M India Ltd. (23922.70, -1.63%) and Responsive Industries Ltd. (134.35, 4.59%) were trading with volumes 10.1 and 8.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

15 stocks took off, crossing 52 week highs, while 2 stocks tanked below their 52 week lows.

Stocks touching their year highs included - BASF India Ltd. (3,790.60, 3.29%), Bharti Airtel Ltd. (622.20, 3.83%) and Cummins India Ltd. (945.05, 3.98%).

Stocks making new 52 weeks lows included - Alembic Pharmaceuticals Ltd. (769.15, -0.43%) and Ujjivan Small Finance Bank Ltd. (25.95, -2.26%).

5 stocks climbed above their 200 day SMA including Escorts Ltd. (1,270.00, 6.34%) and Kotak Mahindra Bank Ltd. (1,813.25, 1.82%). 21 stocks slipped below their 200 SMA including Lemon Tree Hotels Ltd. (38.35, -5.54%) and KEC International Ltd. (393.30, -5.16%).