• Cholamandalam Financial Holdings, Aavas Financiers, CreditAccess Grameen, Johnson Controls-Hitachi Air Conditioning India, and Thyrocare Technologies are trading with higher delivery volumes compared to Friday.

• Geojit BNP Paribas downgrades its rating on Apollo Hospitals Enterprise to 'Reduce' from 'Hold' with a target price at a downside of 15% due to the company's recent price rally. In FY22 so far, the stock is up by 65%.

• Capacit'e Infraprojects hits the lower circuit rating agency India Ratings and Research downgrades the company's long term rating to 'IND D' from 'IND A ' as the lockdown in Maharashtra in the second half of FY21 raised concerns on debt payments.

• Tube Investments of India is rising as reports suggest the company will launch electric three-wheeler passenger vehicles by March 2022. The company is looking to enter the cargo, scooters, and rickshaws segment.

• Cadila Healthcare is trading higher as its Covid-19 vaccine ZyCoV-D has received an emergency use authorization from the Drug Controller General of India. The company said the vaccine will be launched in September.

• Adani Total Gas acquires a 50% stake in Smartmeters Technologies, a gas meter manufacturing company for Rs 1 crore on Friday.

• Hatsun Agro products is trading in the green with more than 27 times its weekly average trading volume. The New India Assurance Company, Caplin Point Laboratories, and Ujjivan Financial Services are trading with more than three times their weekly average trading volume.

• Adani Enterprises trades lower as SEBI halts Adani Wilmar's Rs 4,500 crore IPO due to a pending investigation against Adani Enterprises.

• Societe Generale sells 2.5 lakh shares of Exxaro Tiles for Rs 3 crore in a bulk deal on Friday. In another bulk deal, Nexpact buys 2.4 lakh shares of the company for Rs 2.9 crore.

• Arvind Fashions raises Rs 439 crore through the issue of equity shares at Rs 218.5 per share. The investors include ICICI Prudential Mutual Fund, GP Emerging Markets Fund, The Ram Fund, etc.

• SRF is rising as the company's board of directors will consider a proposal for the issue of bonus shares on Tuesday, August 31.

• Morgan Stanley Asia buys 1 lakh shares (0.13% stake) of Aavas Financiers for Rs 25 crore in two block deals on Friday. In other bulk deals on Friday, HDFC Mutual Fund buys 4.2 lakh shares (0.54% stake) for Rs 104.2 crore and Government of Singapore buys 7.7 lakh shares (0.98% stake) for Rs 189.1 crore of the company.

• Nuvoco Vistas Corporation lists at Rs 471 per share, a 17.4% discount to the issue price of Rs 570 per share. The cement maker's IPO comprised of a Rs 1,500 crore fresh issue and an OFS of Rs 3,500 crore.

• Goldman Sachs buys 9.6 lakh shares of CarTrade Tech for Rs 150.1 crore in a bulk deal on Friday. In other bulk deals, Plutus Wealth and Jupitar India buy 4 lakh shares each for Rs 63.6 crore and Rs 61.4 crore respectively.

• Markets opened high. Nifty 50 was trading at 16,549.80 (99.3, 0.6%) , BSE Sensex was trading at 55,650.83 (321.5, 0.6%) while the broader Nifty 500 was trading at 14,032.65 (88.7, 0.6%)

• Market breadth is surging up. Of the 1,720 stocks traded today, 1,204 were in the positive territory and 450 were negative.

Riding High:

Largecap and midcap gainers today include The New India Assurance Company Ltd. (160.25, 18.31%), Adani Transmission Ltd. (1,179.60, 5.00%) and Adani Total Gas Ltd. (1,126.45, 5.00%).

Downers:

Largecap and midcap losers today include Aditya Birla Capital Ltd. (99.05, -8.92%), Biocon Ltd. (333.20, -6.76%) and General Insurance Corporation of India (139.80, -5.06%).

Movers and Shakers

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

Top high volume gainers on BSE included The New India Assurance Company Ltd. (160.25, 18.31%), Mahindra Logistics Ltd. (784.95, 9.28%) and TCI Express Ltd. (1,385.40, 6.84%).

Top high volume losers on BSE were Ujjivan Financial Services Ltd. (151.75, -14.65%), Caplin Point Laboratories Ltd. (703.95, -8.97%) and NCC Ltd. (70.85, -8.28%).

Escorts Ltd. (1,257.40, 5.30%) was trading at 7.9 times of weekly average. PNC Infratech Ltd. (304.40, 4.75%) and Solar Industries India Ltd. (1,683.70, 0.72%) were trading with volumes 5.5 and 5.5 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

19 stocks made 52 week highs, while 10 stocks hit their 52 week lows.

Stocks touching their year highs included - Bajaj Finance Ltd. (6,752.20, 1.37%), Bajaj Finserv Ltd. (15,271.90, 1.96%) and Dabur India Ltd. (609.90, -0.29%).

Stocks making new 52 weeks lows included - Alembic Pharmaceuticals Ltd. (734.55, -0.56%) and Amara Raja Batteries Ltd. (680.50, -2.40%).

10 stocks climbed above their 200 day SMA including The New India Assurance Company Ltd. (160.25, 18.31%) and Escorts Ltd. (1,257.40, 5.30%). 42 stocks slipped below their 200 SMA including Aditya Birla Capital Ltd. (99.05, -8.92%) and NCC Ltd. (70.85, -8.28%).