Trendlyne Analysis

Gloom in markets in today's trading. Nifty 50 closed at 17,368.25 (-143.1, -0.8%) , BSE Sensex  closed at 58,283.42 (-503.3, -0.9%) while the broader Nifty 500 closed at 15,064.25 (-90.8, -0.6%)

Market breadth is holding steady. Of the 1,860 stocks traded today, 890 were in the positive territory and 930 were negative.

• Tata Teleservices, Cholamandalam Financial Holdings, EPL, and IIFL Wealth Management are trading with higher volumes as compared to Friday.

• Metro Brand's Rs 1,367.5 crore IPO gets bids for over 52% of its available 1.91 crore shares on offer. Retail investors bid for over 87% of their quota of 95.72 lakh shares on the second day of bidding. The offer comprises of a fresh issue of Rs 295 crore and an offer for sale of Rs 1,072.5 crore.

• MapmyIndia's Rs 1,040 crore IPO gets bids for nearly 155X of its available one crore shares on offer. Retail investors bid for over 15.2X their quota of 35.22 lakh shares on the last day of bidding. The offer is entirely an offer-for-sale by selling shareholders.

• MedPlus Health’s Rs 1,398.3 crore IPO gets bids for 45% of the available 1.25 crore shares on offer on the first day. Retail investors bid for 85% the quota of 44 lakh shares. The offer comprises a fresh issue of Rs 600 crore and an offer for sale of Rs 798.3 crore.

• Sterlite Technologies rises on the bourses after it unviels its '5G-from-India' solution at the India Mobile Congress 2021 event. The digital network agregator's 5G portfolio includes optical, radio and deployment solutions.

• CAMS is trading with more than 29 times its weekly average trading volumes. Vardhaman Textiles, Sun Pharma Advanced Research Company and Symphony are trading with more than six times their weekly average trading volumes.

• Power Finance Corp (PFC) pays a second interim dividend of Rs 369.57 crore to the government and Rs 290.45 crore to other shareholders for FY22 at the rate of Rs 2.50 per equity share on December 10, 2021.

• The Nifty IT index gains on Monday on the basis of broad-based buying. Coforge, MPhasis, L&T Technology, Tech Mahindra, Mindtree among the top gainers and Infosys amongst the top losers in the index.

• Paytm reports a 129% YoY increase in its gross merchandise value to Rs 1.66 lakh crore for the first two months of Q3FY22. It also registers a 375% YoY increase to Rs 1,320 crore in the value of loans disbursed through its platform for the given period.

• Minda Industries enters into a JV with FRIWO AG Germany with a stake of 50.1% to manufacture and supply various electric vehicle components in India with a planned capex of Rs 390 crore in the next six years.

• Tega Industries’ shares list at a 66% premium to the issue price of Rs 453 on its debut on the bourses after getting bids for 214X of total shares on offer

• MedPlus Health Services raises Rs 418 crore ahead of its IPO by selling 52.51 lakh shares at Rs 796 a piece to anchor investors, including, Abu Dhabi Investment Authority, BlackRock Global Funds, Fidelity, Nomura, Morgan Stanley, ICICI Prudential Life Insurance Company and SBI Life Insurance among other investors.

• Vedanta approves an interim dividend of Rs 13.5 per share. The total dividend outgo for the company will be Rs 5,019 crore. The record date is December 18, 2021

Riding High:

Largecap and midcap gainers today include Tata Communications Ltd. (1457.05, 4.69%), Piramal Enterprises Ltd. (2746.30, 3.63%) and Syngene International Ltd. (623.00, 3.45%).

Downers:

Largecap and midcap losers today include Vodafone Idea Ltd. (15.50, -5.49%), IDBI Bank Ltd. (51.50, -4.54%) and Thermax Ltd. (1767.85, -4.23%).

Volume Rockets

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

Top high volume gainers on BSE included CreditAccess Grameen Ltd. (728.45, 19.80%), Minda Industries Ltd. (1038.60, 10.25%) and VIP Industries Ltd. (597.30, 8.59%).

Top high volume losers on BSE were Computer Age Management Services Ltd. (2745.90, -5.27%), AstraZeneca Pharma India Ltd. (3052.50, -2.83%) and KSB Ltd. (1268.05, -1.51%).

Shriram City Union Finance Ltd. (2146.75, 5.92%) was trading at 14.6 times of weekly average. Sun Pharma Advanced Research Company Ltd. (279.25, 8.19%) and Vardhman Textiles Ltd. (1982.65, 0.61%) were trading with volumes 10.1 and 8.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

16 stocks took off, crossing 52 week highs, while 1 stock were underachiever and hit their 52 week lows.

Stocks touching their year highs included - Bajaj Holdings & Investment Ltd. (5515.60, -1.12%), GlaxoSmithKline Pharmaceuticals Ltd. (1861.50, -1.12%) and Vodafone Idea Ltd. (15.50, -5.49%).

Stock making new 52 weeks lows included - Gulf Oil Lubricants India Ltd. (489.90, -0.09%).

18 stocks climbed above their 200 day SMA including CreditAccess Grameen Ltd. (728.45, 19.80%) and Alok Industries Ltd. (24.95, 6.85%). 8 stocks slipped below their 200 SMA including Computer Age Management Services Ltd. (2745.90, -5.27%) and PNC Infratech Ltd. (291.10, -2.69%).