Nifty 50 closed at 16,614.60 (51.6, 0.3%) , BSE Sensex closed at 55,792.27 (209.7, 0.4%) while the broader Nifty 500 closed at 14,113.10 (42.3, 0.3%)

Market breadth is sharply down. Of the 1,750 stocks traded today, 532 were on the uptrend, and 1,185 went down.

• Akzo Nobel India, CreditAccess Grameen, Ratnamani Metals & Tubes, Multi Commodity Exchange of India, and Schaeffler India are trading with higher delivery volumes compared to Monday.

• Axis Securities maintains a 'Buy' rating on APL Apollo Tubes with a target price upside of 10.8% as the company currently has a 50% market share in the domestic steel tubes segment. The brokerage expects the company to increase volumes by 1.8-2 million tonnes in FY22

• Ruchi Soya Industries receives the approval of SEBI to sell fresh shares worth Rs 4,300 crore through a follow-on public offer, reports suggest the FPO maybe next week.

• ICICI Direct maintains a 'Buy' rating Glenmark Pharmaceuticals with an 18% target price upside due to its strong position in the dermatology space and improving respiratory drugs portfolio.

• Infosys invests an additional $450,000 (Rs 3.3 crore) into TidalScale a software server maker. The IT services company's total investment in TidalScale is $3.45 million (Rs 25 crore).

• Mas Financial Services and Aster DM Healthcare are trading in the green with more than nine times their weekly average trading volume. Tata Elxsi, Apollo Hospitals Enterprise, and Petronet LNG are trading in the green with over three times their weekly average trading volume.

• Fiem Industries hits a 52-week high after the company announces that it is the only supplier of head lamps, tail lamps, indicators, rear fender assembly, and mirrors to Ola Electric.

• Birla Sun Life Insurance buys 2.3 lakh shares of Krsnaa Diagnostics for Rs 23.5 crore in a bulk deal on Monday. The company listed at Rs 1,025 per share, a 7.4% premium to the issue price.

• HDFC Securities maintains a 'Buy' rating on Dilip Buildcon with a target price at an upside of 25% expecting order inflows worth Rs 12,000 crore for the company in FY22.

• Morgan Stanley Asia sells 2.5 lakh shares of Exxaro Tiles for Rs 3.2 crore in a bulk deal on Monday. In another bulk deal, Plutus Wealth Management sells 2.6 lakh shares of the company for Rs 3.3 crore. The company listed at Rs 126 per share, a 5% premium to the issue price on Monday.

• Adani Enterprises' wholly-owned subsidiary, Adani Road Transport to buy 49% stake in Maharashtra Border Check Post Network, a road and checkpost construction and operating company for Rs 1,680 crore from Sadbhav Infrastructure Project.

• KNR Constructions' non-executive director and promoter Kamidi Yashoda sold 20 lakh shares (0.71% stake) of the company for Rs 57.4 crore in an insider trade on Monday.

• Nifty 50 was trading at 16,577.75 (14.7, 0.1%) , BSE Sensex was trading at 55,622.29 (39.7, 0.1%) while the broader Nifty 500 was trading at 14,090.05 (19.3, 0.1%)

• Market breadth is in the green. Of the 1,676 stocks traded today, 864 were gainers and 767 were losers.

Riding High:

Largecap and midcap gainers today include Apollo Hospitals Enterprise Ltd. (4,920.50, 13.24%), Adani Total Gas Ltd. (973.15, 4.86%) and Adani Transmission Ltd. (1,024.00, 4.73%).

Downers:

Largecap and midcap losers today include Vedanta Ltd. (303.15, -9.91%), Hindustan Zinc Ltd. (317.65, -3.99%) and Adani Power Ltd. (79.95, -3.73%).

Movers and Shakers

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

Top high volume gainers on BSE included Apollo Hospitals Enterprise Ltd. (4,920.50, 13.24%), Aster DM Healthcare Ltd. (176.45, 7.95%) and Tata Elxsi Ltd. (4,715.25, 7.07%).

Top high volume loser on BSE was Vedanta Ltd. (303.15, -9.91%).

Mas Financial Services Ltd. (737.90, 1.14%) was trading at 19.3 times of weekly average. Petronet LNG Ltd. (223.65, 4.24%) and Cholamandalam Financial Holdings Ltd. (639.75, 1.23%) were trading with volumes 4.8 and 4.1 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

33 stocks made 52 week highs, while 5 stocks tanked below their 52 week lows.

Stocks touching their year highs included - Allcargo Logistics Ltd. (229.50, 2.46%), Apollo Hospitals Enterprise Ltd. (4,920.50, 13.24%) and Cummins India Ltd. (1,019.70, 3.63%).

Stocks making new 52 weeks lows included - Aurobindo Pharma Ltd. (731.45, -0.89%) and Biocon Ltd. (366.60, -0.10%).

5 stocks climbed above their 200 day SMA including KEC International Ltd. (403.70, 2.23%) and Rallis India Ltd. (288.65, 0.56%). 17 stocks slipped below their 200 SMA including Kaveri Seed Company Ltd. (576.55, -5.01%) and Advanced Enzyme Technologies Ltd. (370.10, -3.63%).