• 3M India, Redington (India), KPR Mill, Proctor & Gamble Health, and Zydus Wellness are trading with higher delivery volumes compared to Tuesday.

• Bank of India looks to raise Rs 3,000 crore in a qualified institutional placement of equity shares. The bank said the funds will be used to improve digital operations and tie up with fintech companies to fuel growth.

• Central Depository Services is falling as HDFC Bank sells nearly 20 lakh shares (2.2% stake) in the company for Rs 223 crore according to a regulatory notice filed on Tuesday.

• The Reserve Bank of India approves the re-appointment of Sandeep Bakhshi as the Managing Director and CEO of ICICI Bank with effect from October 15.

• TCNS Clothing Co. is trading in the green with more than 29 times its weekly average trading volume. Bajaj Electricals, Venky's (India), and Gillette India are trading with more than three times their weekly average trading volume.

• WABCO India is falling as its promoter ZF International will sell 3.8 lakh shares (2.01% stake) for Rs 262 crore in an offer for sale on August 25 and August 26.

• Adani Ports & Special Economic Zone receives approval from the Andhra Pradesh government for the acquisition of a 10.4% stake of Gangavaram Port for Rs 644.8 crore. The company expects the deal to be completed within a month.

• CLSA Global Markets sells nearly 12 lakh shares of Chemplast Sanmar for Rs 65.6 crore in a bulk deal on Tuesday. In another bulk deal on Tuesday, Copthall Mauritius Investment sells nearly 9 lakh shares of the company for Rs 47.8 crore.

• Tatva Chintan Pharma Chem is falling as its Chief Financial Officer Mahesh Tanna tenders his resignation. He will step down on August 31. The specialty chemical maker listed in July 2021 at Rs 2,112, a 95% premium to its issue price.

• Axis Mutual Fund buys 5.9 lakh shares (0.85% stake) of Sudarshan Chemical Industries for Rs 33.3 crore in a bulk deal on Tuesday.

• Gillette India's Q1FY22 net profit falls 38.8% YoY to Rs 27.5 crore despite a 24.6% rise in revenues to Rs 439.4 crore.

• Rakesh Jhunjhunwala buys nearly 2.9 crore shares (1.59% stake) of Canara Bank as per the shareholding data filed by the bank on Tuesday.

• Nifty 50 was trading at 16,688.95 (64.4, 0.4%) , BSE Sensex was trading at 56,110.19 (151.2, 0.3%) while the broader Nifty 500 was trading at 14,129.25 (66, 0.5%)

• Market breadth is surging up. Of the 1,672 stocks traded today, 1,327 were on the uptrend, and 295 went down.

Riding High:

Largecap and midcap gainers today include General Insurance Corporation of India (157.55, 12.90%), Hindustan Aeronautics Ltd. (1,248.25, 7.61%) and The New India Assurance Company Ltd. (164.15, 7.43%).

Downers:

Largecap and midcap losers today include Havells India Ltd. (1,204.25, -4.86%), Bajaj Finserv Ltd. (15,904.40, -3.39%) and Canara Bank (151.05, -2.99%).

Movers and Shakers

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

Top high volume gainers on BSE included General Insurance Corporation of India (157.55, 12.90%), Linde India Ltd. (2,564.50, 12.20%) and Great Eastern Shipping Company Ltd. (338.40, 11.89%).

Top high volume losers on BSE were Gillette India Ltd. (5,846.65, -1.40%) and WABCO India Ltd. (7,107.85, -0.95%).

TCNS Clothing Co. Ltd. (604.15, 8.57%) was trading at 108.9 times of weekly average. Bajaj Electricals Ltd. (1,174.15, 3.12%) and Venky's (India) Ltd. (2,911.70, 11.62%) were trading with volumes 8.3 and 6.4 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

15 stocks hit their 52 week highs, while 1 stock was underachiever and hit their 52 week lows.

Stocks touching their year highs included - Bajaj Electricals Ltd. (1,174.15, 3.12%), Bajaj Finance Ltd. (6,944.95, -0.50%) and Bajaj Finserv Ltd. (15,904.40, -3.39%).

Stock making new 52 weeks lows included - Amara Raja Batteries Ltd. (675.35, -1.55%).

28 stocks climbed above their 200 day SMA including Great Eastern Shipping Company Ltd. (338.40, 11.89%) and Sudarshan Chemical Industries Ltd. (599.00, 5.61%). 2 stocks slipped below their 200 SMA including Bayer Cropscience Ltd. (5,361.05, -1.87%) and Shriram Transport Finance Company Ltd. (1,267.35, -0.95%).