Nifty 50 closed at 17,323.60 (89.5, 0.5%) , BSE Sensex closed at 58,129.95 (277.4, 0.5%) while the broader Nifty 500 closed at 14,759.30 (75.0, 0.5%)

Market breadth is holding steady. Of the 1,769 stocks traded today, 852 were on the uptick, and 855 were down.

• Atul, Ipca Laboratories, Gland Pharma, Vinati Organics, and Schaeffler India are trading with higher delivery volumes compared to Thursday.

• Axis Direct maintains a 'Buy' rating on Au Small Finance Bank with a target price at an 11% upside despite recent resignations of the bank's Chief Risk Officer and Head of Internal Audit.

• RailTel Corporation of India is trading higher after it receives a contract worth Rs 300 crore from the Directorate of Information Technology of the Indian Air Force for the implementation of a secure online policing solutions (OPS) network.

• Jammu & Kashmir Bank is rising as its board of directors approve a plan to raise Rs 2,000 crore in equity and debt during its meeting on Thursday.

• Ami Organics' Rs 569.6 crore IPO is subscribed by 5.6 times of the shares on offer, with the retail portion receiving bids for 8.6 times the available quota on the final day of the bidding process.

• GOCL Corp trades higher after it completes the acquisition of APDL Estate from Hinduja Realty for Rs 62 crore.

• Vijaya Diagnostic Centre's Rs 1,895-crore IPO is subscribed by 66% of the shares on offer, with the retail portion receiving bids for 87% of the available quota on the final day of the bidding process.

• Network 18 Media & Investments, Vaibhav Global, Exide Industries, and L&T Technology Services are trading with more than five times their weekly average trading volume.

• Zen Technologies hits the upper circuit after it receives an order worth Rs 155 crore from the Indian Air Force for the supply of counter unmanned aircraft systems.

• Hindustan Aeronautics is rising after the company said its board of directors will consider a proposal for a stock split in its upcoming meeting on September 21, 2021.

• Adani Green Energy raises $750 million (Rs 5,480 crore) through debt securities to fund capital expenditure for its renewable projects.

• Granules India receives the license for manufacturing and marketing of 2-Deoxy-D-Glucose (2-DG), a drug used to treat moderate to severe Covid-19 patients from the Defence Research & Development Organisation (DRDO).

• HDFC Life Insurance Company announces the acquisition of Exide Life Insurance Company for Rs 6,687 crore. The acquisition will be completed before June 2022.

• Nifty 50 was trading at 17,276.25 (42.1, 0.2%) , BSE Sensex was trading at 57,974.21 (121.7, 0.2%) while the broader Nifty 500 was trading at 14,726.00 (41.7, 0.3%)

• Market breadth is highly positive. Of the 1,688 stocks traded today, 1,208 were on the uptrend, and 421 went down.

Riding High:

Largecap and midcap gainers today include L&T Technology Services Ltd. (4,339.20, 7.22%), Exide Industries Ltd. (189.65, 6.43%) and AIA Engineering Ltd. (2,097.05, 4.78%).

Downers:

Largecap and midcap losers today include Sanofi India Ltd. (8,401.05, -5.77%), Adani Power Ltd. (103.15, -4.97%) and HDFC Life Insurance Company Ltd. (734.40, -3.24%).

Volume Shockers

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

Top high volume gainers on BSE included Shriram City Union Finance Ltd. (2,412.75, 13.98%), Prestige Estates Projects Ltd. (422.70, 10.32%) and S H Kelkar & Company Ltd. (164.35, 8.88%).

Top high volume losers on BSE were Sanofi India Ltd. (8,401.05, -5.77%), Minda Industries Ltd. (684.45, -1.81%) and La Opala RG Ltd. (307.65, -0.19%).

Mazagon Dock Shipbuilders Ltd. (254.65, 5.58%) was trading at 11.2 times of weekly average. Blue Dart Express Ltd. (6,296.90, 6.72%) and Vaibhav Global Ltd. (763.70, 6.71%) were trading with volumes 10.0 and 9.5 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

47 stocks hit their 52 week highs,

Stocks touching their year highs included - Adani Transmission Ltd. (1,750.50, 4.69%), Allcargo Logistics Ltd. (226.75, -1.61%) and Ambuja Cements Ltd. (437.10, 1.96%).

14 stocks climbed above their 200 day SMA including Rail Vikas Nigam Ltd. (30.00, 6.57%) and Exide Industries Ltd. (189.65, 6.43%). 3 stocks slipped below their 200 SMA including GlaxoSmithKline Pharmaceuticals Ltd. (1,511.35, -1.17%) and Adani Green Energy Ltd. (1,081.35, -0.37%).