• Gujarat Fluorochemicals, PNC Infratech, Rossari Biotech, and SBI Cards and Payment Services are trading with higher delivery volumes compared to Monday.

• Tata Motors will raise commercial vehicle prices by around 2% from October 1 because of rising input costs.

• Axis Securities maintains a 'Buy' rating on Camlin Fine Sciences with a 21% target price upside due to its high share of exports (87% of revenue) and planned capacity expansion in FY22.

• Paras Defence and Space Technologies' Rs 170.8 crore IPO is subscribed by 5 times of the shares on offer with the retail portion receiving bids for 10 times the available quota on day 1 of the bidding process.

• SpiceJet's shareholders approve the transfer of the airline operator's logistics business to SpiceXpress and Logistics for Rs 2,555 crore.

• SBI Cards and Payment Services is trading in the red with more than 32 times its weekly average trading volume. Godrej Properties, KEC International, and Inox Leisure are trading with more than three times their weekly average trading volume.

• HDFC Bank's head of retail assets Arvind Kapil said the private lender aims to double its retail loan book in FY22. At the end of Q1FY22, the bank's retail loan book was Rs 3.7 lakh crore, 32% of disbursed loans.

• Kitex Garments signs a memorandum of understanding with the Telangana State Government to invest Rs 2,400 crore for two industrial projects in the state.

• Rakesh Jhunjhunwala sells nearly 1 lakh shares (0.44% stake) in The Mandhana Retail Ventures in an open market transaction on Monday.

• Adani Ports & Special Economic Zone receives approval from the Competition Commission of India (CCI) for its acquisition of a 10.4% stake in the Gangavaram Port.

• HDFC Securities initiates coverage on newly listed cement maker Nuvoco Vistas Corporation with a 'Buy' rating and a 53% target price upside due to its leadership position in eastern states and its expansion into Karnataka.

• Paras Defence and Space Technologies raises Rs 51 crore from five anchor investors at Rs 175 per share ahead of its Rs 170.8 crore IPO.

• Reports suggest that the private equity firm Carlyle Group will sell nearly 3.2 crore shares (3.4% stake) in SBI Cards and Payment Services for Rs 3,267 crore.

• Nifty 50 was trading at 17,454.20 (57.3, 0.3%) , BSE Sensex was trading at 58,649.01 (158.1, 0.3%) while the broader Nifty 500 was trading at 14,850.70 (24.0, 0.2%)

• Market breadth is in the red. Of the 1701 stocks traded today, 667 were on the uptrend, and 947 went down.

Riding High:

Largecap and midcap gainers today include Oil India Ltd. (208.90, 7.05%), IDBI Bank Ltd. (39.15, 5.95%) and JSW Steel Ltd. (668.95, 5.65%).

Downers:

Largecap and midcap losers today include Adani Transmission Ltd. (1642.90, -5.00%), The New India Assurance Company Ltd. (163.60, -3.40%) and Dalmia Bharat Ltd. (2157.05, -2.90%).

Movers and Shakers

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

Top high volume gainers on BSE included Brigade Enterprises Ltd. (401.20, 9.24%), Himadri Speciality Chemical Ltd. (53.00, 9.17%) and Gujarat Narmada Valley Fertilizers & Chemicals Ltd. (383.00, 7.81%).

Top high volume loser on BSE was SBI Cards and Payment Services Ltd. (1069.90, -0.22%).

Varun Beverages Ltd. (918.30, 4.79%) was trading at 7.3 times of weekly average. Godrej Properties Ltd. (1723.65, 4.78%) and Prestige Estates Projects Ltd. (418.85, 5.80%) were trading with volumes 6.5 and 5.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

15 stocks overperformed with 52 week highs,

Stocks touching their year highs included - Allcargo Logistics Ltd. (255.20, 4.46%), Bajaj Finance Ltd. (7813.85, 4.99%) and Bajaj Finserv Ltd. (17587.25, 3.34%).

5 stocks climbed above their 200 day SMA including Jindal Steel & Power Ltd. (361.60, 2.99%) and Gujarat Pipavav Port Ltd. (101.95, 2.05%). 18 stocks slipped below their 200 SMA including Indiabulls Housing Finance Ltd. (208.45, -3.32%) and Balmer Lawrie & Company Ltd. (129.65, -2.34%).