• Galaxy Surfactants, WABCO India, Garware Technical Fibres, Westlife Development, and Emami are trading with higher delivery volumes compared to Wednesday.

• Axis Securities initiates coverage on DCB Bank with a 'Buy' rating and a target price at an upside of 24% because of the bank's return on assets of 0.9% in FY21 despite Covid-19 decreasing its asset quality in the year.

• Coal India's coal production rises 14.5% YoY to 42.6 million tons (MT) in August 2021. The coal offtake increase by 9.5% to 48.6 MT in the month.

• Ami Organics' Rs 569.6 crore IPO is subscribed by 2.4 times of the shares on offer, with the retail portion receiving bids for 3.9 times the available quota on day 2 of the bidding process.

• Dr. Reddy's Laboratories is trading higher as the pharmaceutical company launches a generic version of revlimid, a drug used to treat cancer of the plasma cells, in the Canadian market.

• Vijaya Diagnostic Centre's Rs 1,895-crore IPO is subscribed by 35% of the shares on offer, with the retail portion receiving bids for 57% of the available quota on day 2 of the bidding process

• IFB Industries is trading in the green with more than 27 times its weekly average trading volume. Alembic, Delta Corp, National Fertilizers, and Aarti Industries are trading with more than six times their weekly average trading volume.

• REC sells 6.2 crore shares (0.62% stake) of NHPC for Rs 168 crore in a bulk deal on Wednesday.

• SBI Cards and Payment Services' promoter group SBI Life Insurance Company sells 1 lakh shares of the credit card issuer for Rs 11.5 crore in an insder trade on Wednesday.

• Tata Motors will lower production of its passenger vehicles and commercial vehicles in the coming months due to a shortage of semiconductors.

• NMDC's iron ore sales volume rises 62.6% YoY to 2.9 million tonnes (MT) in August 2021. Production volume jumps 88.9% YoY to 3.06 MT in the month.

• Eicher Motors' Royal Enfield total wholesales fall 8.5% YoY to 45,860 units in August 2021. Exports rise 2.6X YoY to 6,790 units, while domestic wholesales fall 17.8% YoY to 39,070 units in the month.

• Shyam Metalics and Energy's wholly-owned subsidiary Shyam SEL & Power acquires 90% stake in Shree Venkateshwara Electrocast, an aluminium foil manufacturing company for Rs 22.3 crore.

• Hero MotoCorp's total two-wheeler wholesales fall 22.3% YoY to 4.5 lakh units in August 2021. Domestic wholesales fall 24.2% YoY to 4.3 lakh units, but exports rise 44.1% YoY to 22,742 units in the month.

• Nifty 50 was trading at 17,127.55 (51.3, 0.3%) , BSE Sensex was trading at 57,441.64 (103.4, 0.2%) while the broader Nifty 500 was trading at 14,603.60 (52.3, 0.4%)

• Market breadth is overwhelmingly positive. Of the 1,686 stocks traded today, 1,227 showed gains, and 388 showed losses.

Riding High:

Largecap and midcap gainers today include Vodafone Idea Ltd. (7.20, 18.03%), Container Corporation of India Ltd. (735.70, 6.86%) and HDFC Life Insurance Company Ltd. (759.00, 5.63%).

Downers:

Largecap and midcap losers today include Bank of India (59.55, -6.29%), Endurance Technologies Ltd. (1,639.30, -2.97%) and Oberoi Realty Ltd. (757.00, -2.77%).

Movers and Shakers

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

Top high volume gainers on BSE included Vodafone Idea Ltd. (7.20, 18.03%), La Opala RG Ltd. (308.25, 11.56%) and TCNS Clothing Co. Ltd. (653.80, 10.92%).

Top high volume losers on BSE were Bank of India (59.55, -6.29%), Varroc Engineering Ltd. (279.25, -3.59%) and Symphony Ltd. (962.00, -0.70%).

IFB Industries Ltd. (1,011.50, 8.06%) was trading at 40.8 times of weekly average. Delta Corp Ltd. (208.50, 10.32%) and Fine Organic Industries Ltd. (3,022.15, 6.75%) were trading with volumes 13.3 and 8.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

54 stocks took off, crossing 52 week highs,

Stocks touching their year highs included - ACC Ltd. (2,481.00, 2.35%), Adani Transmission Ltd. (1,672.15, 0.76%) and Allcargo Logistics Ltd. (230.45, 6.15%).

9 stocks climbed above their 200 day SMA including Natco Pharma Ltd. (985.50, 4.73%) and TV18 Broadcast Ltd. (35.70, 3.33%). 4 stocks slipped below their 200 SMA including Bank of India (59.55, -6.29%) and Mahindra & Mahindra Ltd. (752.45, -2.27%).