Market ends flat, Proctor & Gamble Hygiene & Healthcare's Q1FY22 net profit falls 29.2%

Nifty 50 closed at 16,636.90 (2.3, 0.0%) , BSE Sensex closed at 55,949.10 (4.9, 0.0%) while the broader Nifty 500 closed at 14,106.95 (13.4, 0.1%)

Market breadth is neutral. Of the 1,766 stocks traded today, 870 were on the uptick, and 846 were down.

TeamLease Services, Spandana Sphoorty Financial, Grindwell Norton, Honeywell Automation India, and AIA Engineering are trading with higher delivery volumes compared to Wednesday.
Bharti Airtel's board will decide on raising funds during its meeting on August 29. In February 2021, the telecom company raised $1.25 billion (Rs 9,270 crore) through debt.
Aditya Birla Capital's promoter group buys 50,000 shares worth Rs 56 lakh in an insider trade last week. In August so far, promoters purchased 3.2 lakh shares worth Rs 3.7 crore in three insider trades.
Rakesh Jhunjhunwala buys 41.9 lakh shares (0.55% stake) of Fortis Healthcare on Tuesday. He now holds 4.1 crore shares (5.47% stake) in the company.
Affle (India) hits the upper circuit after its board of directors approved a proposal for the stock split in a 1:5 ratio.
ICICI Direct upgrades Arvind Fashions to a 'Hold' rating from a 'Reduce' rating with a target price at a 4% upside expecting the company to reduce debt by 45% in FY22 due to the management's focus on capital allocation.
Swan Energy is trading in the green with more than 34 times its weekly average trading volume. Shoppers Stop, Wockhardt, Thermax, and Zydus Wellness are trading with more than three times their weekly average trading volume.
Bank of India is rising as its board of directors approves a Rs 3,000 crore fundraising plan through a qualified institutional placement at a floor price of Rs 66.1 per share.
Thermax is rising after Thermax Babcock and Wilcox Energy Solutions, a wholly-owned subsidiary of the company wins an order worth Rs 293 crore for supplying three oil and gas boilers on engineering, procurement, and construction basis to a refinery and petrochemical complex in western India.
Think India Opportunities Master Fund sells 6.2 lakh shares (0.91% stake) of Capacit'e Infraprojects for Rs 9 crore in a bulk deal on Wednesday.
Kaveri Seed Company's board of directors approve a proposal for buyback of equity shares at a price up to Rs 850 per share in the meeting held on Wednesday.
Proctor & Gamble Hygiene & Healthcare's Q1FY22 net profit falls 29.2% YoY to Rs 49 crore despite a 23% rise in revenues to Rs 792.3 crore.
Nifty 50 was trading at 16,647.65 (13, 0.1%) , BSE Sensex was trading at 56,011.02 (66.8, 0.1%) while the broader Nifty 500 was trading at 14,126.80 (33.2, 0.2%)
Market breadth is overwhelmingly positive. Of the 1,679 stocks traded today, 1,137 were on the uptrend, and 485 went down.

Riding High:

Largecap and midcap gainers today include Mahindra & Mahindra Financial Services Ltd. (155.10, 5.58%), Adani Transmission Ltd. (1,365.45, 5.00%) and Adani Total Gas Ltd. (1,303.90, 5.00%).

Downers:

Largecap and midcap losers today include Vodafone Idea Ltd. (5.90, -6.35%), NMDC Ltd. (148.55, -4.93%) and Bharti Airtel Ltd. (586.90, -4.17%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Esab India Ltd. (2,264.10, 16.39%), Swan Energy Ltd. (148.15, 13.57%) and ABB Power Products and Systems India Ltd. (2,159.40, 10.19%).

Top high volume loser on BSE was Wockhardt Ltd. (415.05, -4.97%).

Jamna Auto Industries Ltd. (88.80, 8.29%) was trading at 13.4 times of weekly average. Shoppers Stop Ltd. (245.75, 2.37%) and Procter & Gamble Hygiene & Healthcare Ltd. (13,589.95, 3.53%) were trading with volumes 9.5 and 8.2 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 tanked below their 52 week lows.

Stocks touching their year highs included - Carborundum Universal Ltd. (760.25, 2.86%), Godrej Consumer Products Ltd. (1,042.65, 0.17%) and Kajaria Ceramics Ltd. (1,163.35, 7.00%).

Stocks making new 52 weeks lows included - Amara Raja Batteries Ltd. (666.30, -1.34%) and Hero MotoCorp Ltd. (2,647.55, -0.99%).

16 stocks climbed above their 200 day SMA including Swan Energy Ltd. (148.15, 13.57%) and Shipping Corporation of India Ltd. (108.15, 6.55%). 3 stocks slipped below their 200 SMA including Indiabulls Housing Finance Ltd. (219.00, -1.95%) and Bayer Cropscience Ltd. (5,282.15, -1.47%).