• Sundaram Clayton, Shoppers Stop, IIFL Wealth Management, and Kansai Nerolac Paints are trading with higher delivery volumes compared to Monday.

• Axis Direct maintains a 'Buy' rating on Credit Access Grameen with a target price at a 10% upside because of the microfinance company's 92% collection efficiency in August 2021 an improvement from 81% collection efficiency in June 2021.

• LIC Housing Finance partners with India Post Payments Bank (IPPB) to provide home loans to IPPB's 4.5 crore customers.

• HDFC Bank signs a memorandum of understanding with the National Small Industries Corporation to provide credit to micro, small and medium enterprises companies.

• Panacea Biotec is rising as the pharmaceutical company begins supplying 10 lakh doses of the Sputnik V Covid-19 vaccine.

• DishTV is trading with nine times the weekly average trading volume whereas Ujjivan Financial Services, Mahindra Holidays & Resorts India, and Johnson Controls-Hitachi Air Conditioning are trading with more than three times their weekly average trading volume.

• JSW Steel's crude steel output in August 2021 grows by 5% YoY to 13.7 lakh tonnes (LT) with an 8% decline in the production of flat-rolled products to 8.9 LT and a 30% increase in the production of long-rolled products to 3 LT.

• Motilal Oswal maintains a 'Neutral' rating on HDFC Life Insurance Company with a target price at an upside of 2% expecting the life insurer's agency channels to improve following the acquisition of Exide Life Insurance.

• State owner miner NMDC reduces prices of iron ore lumps and fines by Rs 1,000 a tonne to Rs 6,150 per tonne for lump ore and Rs 5,160 per tonne for fines.

• Infosys says the Rs 9,200 crore buyback programme which started on June 25 is close to completion. The IT services company's board of directors will meet on September 8 to consider closing the buyback programme.

• ICICI Direct maintains a 'Buy' rating on Adani Ports and Special Economic Zone with a 20% target price upside due to the port operator's aggressive expansion in warehousing to create an integrated logistics network.

• DishTV's shareholder Yes Bank (holding a 25.6% stake) asks the DTH company to remove five directors including Jawahar Lal Goel, the Managing Director of the company.

• Edelweiss Financial Services' raises Rs 400 crore through the issue of non-convertible debentures.

• Nuvoco Vistas Corporation's Q1FY22 revenues decline by 16.2% YoY to Rs 2,203 crore with a 3X jump in net profits to Rs 114.3 crore. The cement maker listed at a 17% discount to the issue price last month.

• Nifty 50 was trading at 17362.10 (-15.7, -0.1%) , BSE Sensex was trading at 58281.99 (-14.9, -0.0%) while the broader Nifty 500 was trading at 14792.15 (-13.7, -0.1%)

• Market breadth is holding steady. Of the 1681 stocks traded today, 809 were on the uptrend, and 810 went down.

Riding High:

Largecap and midcap gainers today include Vodafone Idea Ltd. (8.25, 13.79%), Indian Railway Catering & Tourism Corporation Ltd. (3286.90, 9.26%) and Indus Towers Ltd. (241.65, 7.95%).

Downers:

Largecap and midcap losers today include Adani Power Ltd. (93.10, -5.00%), Adani Total Gas Ltd. (1334.25, -5.00%) and Bank of India (57.95, -3.26%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Dish TV India Ltd. (15.55, 13.09%), Indian Railway Catering & Tourism Corporation Ltd. (3286.90, 9.26%) and Indus Towers Ltd. (241.65, 7.95%).

Top high volume losers on BSE were Ujjivan Financial Services Ltd. (137.75, -10.00%) and Solar Industries India Ltd. (1731.00, -1.56%).

Rail Vikas Nigam Ltd. (31.50, 7.33%) was trading at 5.2 times of weekly average. Mahindra Holidays & Resorts India Ltd. (339.25, 4.37%) and Johnson Controls-Hitachi Air Conditioning India Ltd. (2234.20, 0.81%) were trading with volumes 5.0 and 4.7 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

39 stocks overperformed with 52 week highs, while 2 stocks tanked below their 52 week lows.

Stocks touching their year highs included - Ambuja Cements Ltd. (441.50, 0.73%), Asian Paints Ltd. (3336.25, 0.62%) and Bajaj Electricals Ltd. (1341.45, 2.85%).

Stocks making new 52 weeks lows included - Ujjivan Financial Services Ltd. (137.75, -10.00%) and Varroc Engineering Ltd. (277.70, 1.26%).

14 stocks climbed above their 200 day SMA including Indus Towers Ltd. (241.65, 7.95%) and LIC Housing Finance Ltd. (423.95, 4.73%). 5 stocks slipped below their 200 SMA including Manappuram Finance Ltd. (163.90, -2.61%) and Exide Industries Ltd. (185.85, -1.46%).