Trendlyne Analysis

Nifty 50 closed at 17,991.95 (46, 0.3%) , BSE Sensex closed at 60,284.31 (148.5, 0.3%) while the broader Nifty 500 closed at 15,481.90 (53.9, 0.4%)

Market breadth is balanced. Of the 1,807 stocks traded today, 873 were on the uptrend, and 889 went down.

• Kansai Nerolac Paints, Jindal Stainless (Hisar), Affle (India), and Timken India are trading with higher delivery volumes compared to Monday.

• Tata Power's wholly-owned subsidiary Tata Power Solar wins a Rs 538 crore order from Energy Efficiency Services to build 100 MW of distributed ground mounted solar projects.

• The Government of Singapore buys 40 lakh shares of Aavas Financiers in Q2FY22, now holding a 5.1% stake in the housing finance company.

• Radhakishan Damani buys 3.2 lakh shares of VST Industries in Q2FY22, increasing his stake in the company to 32.3% from 30.2%.

• SBI Mutual Fund buys 43 lakh shares of Gokaldas Exports in Q2FY22. The fund now holds a 7.4% stake in the company.

• Ujjivan Small Finance Bank’s loan book rises 4.4% YoY to Rs 14,508 crore, while total deposits are up by 31.1% to Rs 14,090 crore.

• Krsnaa Diagnostics' Q2 revenue falls by 55% YoY to 108.3 crore, and net profits decline by 63% to Rs 12.5 crore. The diagnostic chain listed on exchanges in August 2021.

• Axis Securities maintains a 'Hold' rating on Tata Consultancy Services with a 4% target price upside expecting delays in deal wins for Q3FY22.

• Delta Corp is rising as its Q2FY22 net loss declines by 60% YoY to Rs 22 crore, with a 94% growth in revenues to Rs 74 crore.

• Schaeffler India is trading with more than nine times its weekly average trading volume. Alembic Pharmaceuticals, Ujjivan Small Finance Bank, and Vardhman Textiles are trading with more than four times their weekly average trading volume.

• HFCL’s Q2FY22 net profit rises 61% YoY to Rs 86 crore, revenue is up by 6.4% to Rs 1,122 crore.

• Life Insurance Corporation of India sells 37.6 lakh shares (2.05% stake) of Bharat Dynamics in an open market transaction on Friday.

• Schaeffler India is rising as the industrial machinery maker's board of directors will meet on October 28 to consider a stock split.

• Akash Prakash's Amansa Holdings sells 54 lakh shares of Laurus Labs and and 10 lakh shares of Gateway Distriparks in Q2FY22.

• Porinju Veliyath buys 3 lakh shares of McDowell Holdings in Q2FY22. He now holds a 2.1% stake in the alcoholic beverages company.

• Nifty 50 was trading at 17,959.05 (13.1, 0.1%) , BSE Sensex was trading at 60,085.57 (-50.2, -0.1%) while the broader Nifty 500 was trading at 15,447.85 (19.9, 0.1%)

• Market breadth is in the green. Of the 1,723 stocks traded today, 1,061 showed gains, and 598 showed losses.

Riding High:

Largecap and midcap gainers today include IDBI Bank Ltd. (58.10, 19.92%), Endurance Technologies Ltd. (1792.25, 7.57%) and Canara Bank (187.05, 5.89%).

Downers:

Largecap and midcap losers today include HCL Technologies Ltd. (1250.35, -4.03%), Torrent Power Ltd. (520.90, -3.41%) and Tata Communications Ltd. (1393.25, -2.79%).

Movers and Shakers

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

Top high volume gainers on BSE included Network 18 Media & Investments Ltd. (73.25, 19.98%), IDBI Bank Ltd. (58.10, 19.92%) and Radico Khaitan Ltd. (1173.00, 14.77%).

Top high volume losers on BSE were Tata Metaliks Ltd. (1065.30, -6.22%), HCL Technologies Ltd. (1250.35, -4.03%) and Thermax Ltd. (1395.55, -1.64%).

Schaeffler India Ltd. (7628.95, 5.79%) was trading at 12.6 times of weekly average. Ujjivan Small Finance Bank Ltd. (23.05, 10.82%) and Cholamandalam Financial Holdings Ltd. (753.20, 5.05%) were trading with volumes 10.8 and 9.9 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

48 stocks overperformed with 52 week highs,

Stocks touching their year highs included - Bata India Ltd. (2083.45, 5.80%), Canara Bank (187.05, 5.89%) and Century Plyboards (India) Ltd. (512.15, 1.38%).

9 stocks climbed above their 200 day SMA including Future Retail Ltd. (59.00, 10.38%) and Future Consumer Ltd. (7.85, 5.37%). 5 stocks slipped below their 200 SMA including Vaibhav Global Ltd. (704.05, -2.72%) and EPL Ltd. (238.85, -1.53%).