• SBI Mutual Fund buys 81.8 lakh shares of Nuvoco Vistas Corporation, 22.3 lakh shares of G R Infraprojects, and 4.8 lakh shares of Tatva Chintan Pharma Chem in Q2FY22.

• UltraTech Cement's Q2FY22 revenue rises by 12% YoY to Rs 11,743 crore on the back of higher sales volumes, with net profits of Rs 1,314 crore, a 6% growth.

• Metropolis Healthcare is rising as the company's board of directors approve the acquisition of Hitech Diagnostic Centre in a deal worth Rs 636 crore.

• Indiabulls Real Estate is rising as the realty company's total income in Q2FY22 rises by 7.5X to Rs 381.2 crore, with net profits of Rs 5.6 crore against a loss of Rs 76 crore in the year ago period.

• Cera Sanitaryware, SJVN, Mahindra CIE Automotive, and NHPC are trading with more than four times their weekly average trading volume.

• Paras Defence and Space Technologies hits the upper circuit as the company's board of directors approve the incorporation of an associate company engaged in servicing and repairs of defence equipment and navy vessels.

• Cyient's Q2FY22 revenue rises by 11.2% YoY to Rs 1,126.5 crore, with a 44% growth in net profits to Rs 121.3 crore with total deal wins for the quarter at $63.5 million.

• Nomura Singapore buys 4.7 crore shares of GMR Infrastructure in Q2FY22, increasing its stake in the company to 2.7% from 1.9%.

• ICICI Securities downgrades its rating on PNB Housing Finance to 'Sell' from 'Buy' with a target price at a 24% downside as the housing finance company decides not to proceed with the preferential issue of shares worth Rs 4,000 crore to Carlyle Group.

• HCL Technologies' Q2FY22 revenue grows by 11.2% YoY to Rs 20,895 crore, with net profits of Rs 3,259 crore, a 4% rise. The IT company's quarterly deal win was $2.2 billion, a 38% growth YoY.

• Goldman Sachs Singapore sells 7.2 lakh shares of Fortis Healthcare in Q2FY22. It now holds a 1.2% stake in the healthcare services company.

• HDFC Bank's Q2FY22 net profit rises by 18% YoY to Rs 8,834.3 crore with a 12% growth in net interest income to Rs 17,684.4 crore due to a healthy growth in loans.

• Adani Enterprises' joint venture with Wilmar International, the edible oil maker Adani Wilmar, receives SEBI's approval to float its Rs 4,500 crore IPO.

• Avenue Supermarts' Q2FY22 consolidate revenue rises by 42% YoY to Rs 7,789 crore, with a two-fold growth in net profits to Rs 418 crore.

• The market opened on an upbeat note. Nifty 50 was trading at 18,494.25 (155.7, 0.9%) , BSE Sensex was trading at 61,838.88 (532.9, 0.9%) while the broader Nifty 500 was trading at 15,911.00 (141.8, 0.9%)

• Market breadth is highly positive. Of the 1,755 stocks traded today, 1,317 were in the positive territory and 376 were negative.

Riding High:

Largecap and midcap gainers today include Tata Power Company Ltd. (257.30, 15.59%), NHPC Ltd. (35.50, 14.89%) and Vedanta Ltd. (374.75, 12.91%).

Downers:

Largecap and midcap losers today include Avenue Supermarts Ltd. (4897.80, -8.00%), IDBI Bank Ltd. (59.70, -4.48%) and Amara Raja Batteries Ltd. (726.75, -4.39%).

Volume Rockets

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

Top high volume gainers on BSE included NHPC Ltd. (35.50, 14.89%), SJVN Ltd. (32.55, 14.81%) and National Aluminium Company Ltd. (121.70, 13.10%).

Top high volume losers on BSE were Avenue Supermarts Ltd. (4897.80, -8.00%), Amara Raja Batteries Ltd. (726.75, -4.39%) and HCL Technologies Ltd. (1221.40, -2.38%).

Mahindra CIE Automotive Ltd. (264.10, 5.41%) was trading at 8.3 times of weekly average. Cera Sanitaryware Ltd. (6201.00, 10.60%) and Rail Vikas Nigam Ltd. (34.05, 11.09%) were trading with volumes 7.1 and 7.0 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

72 stocks hit their 52 week highs,

Stocks touching their year highs included - Bajaj Finance Ltd. (7865.55, 0.03%), Bajaj Finserv Ltd. (18677.95, 1.02%) and Bata India Ltd. (2120.45, 0.11%).

11 stocks climbed above their 200 day SMA including Future Consumer Ltd. (7.85, 2.61%) and Housing and Urban Development Corporation Ltd. (45.70, 1.90%). 3 stocks slipped below their 200 SMA including Cadila Healthcare Ltd. (534.30, -1.80%) and Dr. Reddy's Laboratories Ltd. (4877.50, -1.64%).