Markets close higher, Sansera Engineering's IPO is 35% subscribed on day 1

Nifty 50 closed at 17380.00 (24.7, 0.1%) , BSE Sensex closed at 58247.09 (69.3, 0.1%) while the broader Nifty 500 closed at 14904.35 (52.2, 0.4%)

Market breadth is in the green. Of the 1784 stocks traded today, 1034 were on the uptick, and 699 were down.

SIS, Thermax, Gujarat Fluorochemicals, and Crompton Greaves Consumer Electricals are trading with higher delivery volumes compared to Monday.
Sequent Scientific's promoters sell over 74,000 shares worth Rs 1.7 crore in an insider trade on Monday. In Q2FY22 so far, promoters have sold 2.1 lakh shares worth over Rs 5 crore in three insider trades.
Zee Entertainment Enterprises is trading in the green with more than 18 times its weekly average trading volume. Narayana Hrudayalaya, eClerx Services, and TV18 Broadcast are trading with more than six times their weekly average trading volume.
Sansera Engineering's Rs 1,283 crore IPO is subscribed by 35% of the shares on offer on day one of the bidding process.
HDFC Securities initiates coverage on APL Apollo Tubes with a 'Buy' rating and a target price at an upside of 18% due to the company's 50% share in the steel tubes market and its pan-India distribution network.
MTAR Technologies wins an order worth $30 million (Rs 220 crore) from Bloom Energy, a US based clean energy company.
DCM Shriram's board of directors approve a proposal to buy 17.3 lakh shares of PVC compounds maker Shriram Axiall, a joint venture between DCM Shriram and Axiall LLC. Following the purchase, Shriram Axiall will become DCM Shriram's wholly owned subsidiary.
Dish TV India is rising as the Hindustan Times buys 2 crore shares in the company for Rs 38.4 crore in a bulk deal on Monday.
KNR Constructions receives a letter of acceptance for a road widening project in Telangana worth Rs 312.8 crore.
Vijaya Diagnostic Center lists at Rs 541 per share, a 2% premium to the issue price of Rs 531 per share. The diagnostic chain's IPO was a complete offer for sale of Rs 1,895 crore.
Zee Entertainment Enterprises is rising as its institutional investors holding a collective 17.8% stake in the company call for a special shareholders' meeting to remove Punit Goenka as the company's director.
Ami Organics lists at Rs 910 per share, a 50% premium to the issue price of Rs 610 per share. The specialty chemicals maker's IPO comprised of a fresh issue of Rs 200 crore and an offer for sale of Rs 369 crore.
Infosys completes the buyback of 5.5 crore equity shares worth Rs 9,200 crore. The shares were purchased at an average price of Rs 1,648 per share.
Nifty 50 was trading at 17,418.00 (62.7, 0.4%) , BSE Sensex was trading at 58,391.89 (214.1, 0.4%) while the broader Nifty 500 was trading at 14,919.50 (67.3, 0.5%)
Market breadth is surging up. Of the 1,691 stocks traded today, 1315 were on the uptick, and 324 were down.

Riding High:

Largecap and midcap gainers today include Zee Entertainment Enterprises Ltd. (261.55, 39.98%), Vodafone Idea Ltd. (8.70, 9.43%) and Indian Railway Catering & Tourism Corporation Ltd. (3738.45, 8.81%).

Downers:

Largecap and midcap losers today include Adani Green Energy Ltd. (1149.40, -3.02%), Marico Ltd. (558.30, -3.01%) and SBI Cards and Payment Services Ltd. (1061.30, -2.27%).

Volume Shockers

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

Top high volume gainers on BSE included Zee Entertainment Enterprises Ltd. (261.55, 39.98%), TV18 Broadcast Ltd. (39.80, 10.25%) and Solar Industries India Ltd. (1987.55, 10.07%).

Top high volume losers on BSE were Adani Enterprises Ltd. (1513.20, -1.26%), Cholamandalam Financial Holdings Ltd. (659.80, -1.11%) and Prism Johnson Ltd. (124.15, -0.80%).

Esab India Ltd. (2231.15, -0.16%) was trading at 24.6 times of weekly average. Galaxy Surfactants Ltd. (3515.35, 8.96%) and Hathway Cable & Datacom Ltd. (25.10, 7.04%) were trading with volumes 20.6 and 15.6 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

52 stocks overperformed with 52 week highs, while 1 stock were underachiever and hit their 52 week lows.

Stocks touching their year highs included - Abbott India Ltd. (21454.05, 0.35%), Adani Transmission Ltd. (1942.70, 3.81%) and Atul Ltd. (9850.25, 3.05%).

Stock making new 52 weeks lows included - Varroc Engineering Ltd. (260.90, -1.38%).

13 stocks climbed above their 200 day SMA including Zee Entertainment Enterprises Ltd. (261.55, 39.98%) and Sun TV Network Ltd. (512.15, 4.81%). 5 stocks slipped below their 200 SMA including Garden Reach Shipbuilders & Engineers Ltd. (192.25, -0.83%) and Union Bank of India (34.45, -0.58%).