Market closes higher, Tata Motors' September wholesales up by 26% YoY

Markets closed up today. Nifty 50 closed at 17,691.25 (159.2, 0.9%) , BSE Sensex closed at 59,299.32 (533.7, 0.9%) while the broader Nifty 500 closed at 15,181.15 (167.2, 1.1%)

Market breadth is ticking up strongly. Of the 1810 stocks traded today, 1303 were in the positive territory and 440 were negative.

Tanla Platforms, TTK Prestige, Kajaria Ceramics, and Just Dial are trading with higher delivery volumes compared to Friday.
Edelweiss maintains a 'Buy' rating on Aditya Birla Fashion and Retail with a target price at an 11% upside due to the company's 2X growth in the Madura segment and Pantaloons' 3X growth in online sales in Q2FY22.
Divi’s Laboratories is trading higher as Merck reports positive clinical trial results for Molnupiravir, a drug to be used to treat Covid-19 patients. Divi's Labs is the authorised manufacturer of APIs for the drug
Axis Securities maintains a 'Buy' rating on Persistent Systems with a target price at a 10% upside following the company's acquisition of Software Corporation International and Fusion360 last week.
3M India is trading with more than seven times its weekly average trading volume. Capri Global Capital, DCM Shriram, and V-Guard Industries are trading with more than four times their weekly average trading volume.
Tata Motors' total wholesales in September 2021 rise 26% YoY to 55,988 units. The medium & heavy commercial vehicle (CV) wholesales are up by 88% YoY to 8,609 units and light CV wholesales rise by 68% YoY to 5,600 units in the month.
Eicher Motors' Royal Enfield exports in September 2021 increases by 52% YoY to 6,296 units while domestic wholesales decline by 51% to 27,233 units. Total wholesales in the month was 33,529 units, a 44% decline.
Tech Mahindra's wholly owned German subsidiary will acquire a 100% stake in Beris Consulting, an IT software development company, for Rs 60 crore.
Aurobindo Pharma's Managing Director N Govindarajan submits his resignation citing personal reasons. He will step down from his position at the end of the year.
Reports suggest that NTPC is planning to raise Rs 15,000 crore by listing three subsidiaries (NTPC Vidyut Vyapar Nigam, North Eastern Electric Power Corporation, and NTPC-Renewable Energy) by March 2024.
Hero MotoCorp's total wholesales in September 2021 falls 26% YoY to 5.3 lakh units. Domestic wholesales declines by 27.5% to 5 lakh units while exports increase by 35% to 24,884 units.
CSB Bank reports a 3% fall in gold loans in Q2FY22 with total loans of Rs 5,441 crore. However, on a YoY basis gold loans are up by 10.2% and gross advances stood at Rs 14,060 crore in Q2FY22.
Nalanda Equity Fund sells 5.9 lakh shares of Just Dial in a bulk deal worth Rs 59 crore on Friday. Over the past week, the fund has sold 21.3 lakh shares in the company.
Yes Bank's total deposits in Q2FY22 grow by 30% YoY to Rs 1.76 lakh crore, with loans and advances up by 3.6% to Rs 1.72 lakh crore.
Markets rise on early trading, Nifty 50 was trading at 17619.95 (87.9, 0.5%) , BSE Sensex was trading at 59213.24 (447.7, 0.8%) while the broader Nifty 500 was trading at 15093.70 (79.8, 0.5%)
Market breadth is highly positive. Of the 1734 stocks traded today, 1387 were in the positive territory and 291 were negative.

Riding High:

Largecap and midcap gainers today include Aarti Industries Ltd. (1021.35, 8.42%), Divi's Laboratories Ltd. (5220.70, 8.04%) and Astral Ltd. (2354.00, 7.01%).

Downers:

Largecap and midcap losers today include IDBI Bank Ltd. (48.10, -3.70%), Indus Towers Ltd. (304.65, -3.47%) and Oil India Ltd. (241.60, -3.38%).

Volume Shockers

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

Top high volume gainers on BSE included Maharashtra Seamless Ltd. (363.80, 12.84%), DCM Shriram Ltd. (1146.50, 11.96%) and HEG Ltd. (2533.00, 11.82%).

Top high volume losers on BSE were Tanla Platforms Ltd. (901.35, -1.59%), UPL Ltd. (702.95, -1.36%) and Sheela Foam Ltd. (2382.40, -0.17%).

Garden Reach Shipbuilders & Engineers Ltd. (190.95, 2.19%) was trading at 11.8 times of weekly average. Hindustan Copper Ltd. (121.30, 10.42%) and 3M India Ltd. (25435.90, 2.30%) were trading with volumes 9.5 and 8.3 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

45 stocks made 52 week highs,

Stocks touching their year highs included - Abbott India Ltd. (23108.85, 4.89%), Allcargo Logistics Ltd. (293.60, 2.86%) and Astral Ltd. (2354.00, 7.01%).

9 stocks climbed above their 200 day SMA including Hindustan Copper Ltd. (121.30, 10.42%) and Shriram Transport Finance Company Ltd. (1350.75, 4.34%). 4 stocks slipped below their 200 SMA including Aditya Birla Capital Ltd. (111.15, -0.71%) and Bajaj Auto Ltd. (3825.95, -0.69%).