Trendlyne Analysis

Markets fell in today's trading. Nifty 50 closed at 16985.20 (-263.2, -1.5%) , BSE Sensex closed at 57,011.74 (-889.4, -1.5%) while the broader Nifty 500 closed at 14,673.15 (-263.3, -1.8%)

Market breadth is moving down. Of the 1833 stocks traded today, 315 were on the uptick, and 1,505 were down.,

• Bayer Cropscience, Symphony, Suven Pharmaceuticals, and Cholamandalam Financial Holdings are trading with higher volumes as compared to Thursday.

• Supriya Lifesciences' Rs 700-crore IPO gets bids for over 5.69X of its available 1.45 crore shares on offer. Retail investors bid for over 25.3X their quota of 14.5 lakh shares on the second day of bidding. The offer comprises of a fresh issue of Rs 200 crore and an offer for sale of Rs 500 crore.

• HP Adhesives’ Rs 126-crore IPO gets bids for 20.9X of the available 25.28 lakh shares on offer on the last day of bidding. Retail investors bid for 81.1X the quota of 4.6 lakh shares. The offer comprises a fresh issue of Rs 113.44 crore and an offer for sale of Rs 12.53 crore.

• Bharti Airtel prepays Rs 15,519 crore deferred liabilities for spectrum it acquired in 2014. This will help the company save interest costs to the tune of Rs 3,400 crore.

• IT stocks like Larsen & Toubro Infotech, Infosys, Wipro and Mphasis rise in trade as investors are enthused by the prospects of the sector post Accenture's revenue growth guidance upgrade to 19-22% from 12-15%. Accenture sees strong global demand for cloud transformation services.

• Tata Teleservices (Maharashtra) is trading with more than five times its weekly average trading volumes. Mastek, Wipro, and Persistent Systems are trading with more than three times their weekly average trading volumes.

• Realty companies are falling with stocks like DLF, Godrej Properties, Macrotech Developers, and Sobha are trading in the red. The broader sectoral index Nifty Realty is also trading lower.

• Home First Finance enters into a strategic co-lending partnership with Union Bank of India to offer home loans to customers at competitive interest rates.

• RateGain Travel Technologies’ shares list at 15% discount to the issue price of Rs 425 on the bourses after getting bids for 17.4X of total shares on offer.

• HWIC Asia Fund, an affiliate of Fairfax Financial Holdings, sells 40.51 lakh shares or 4.6% stake in IIFL Wealth Management for an average price of Rs. 1,428.2. This marks the complete exit of the fund from the company.

• BREP Asia II, an affiliate of funds led by Blackstone Group, purchases 1.04 crore shares (2.35% stake) in Indiabulls Housing Finance for Rs 274.9 crore in a bulk deal on Thursday.

• Gloom in markets in mid day trading. Nifty 50 was trading at 17,052.85 (-195.6, -1.1%) , BSE Sensex was trading at 57,286.44 (-614.7, -1.1%) while the broader Nifty 500 was trading at 14,751.20 (-185.3, -1.2%)

• Market breadth is moving down. Of the 1,819 stocks traded today, 358 showed gains, and 1,439 showed losses.

Riding High:

Largecap and midcap gainers today include Wipro Ltd. (670.80, 4.11%), Infosys Ltd. (1,820.85, 2.78%) and Honeywell Automation India Ltd. (40,589.10, 2.65%).

Downers:

Largecap and midcap losers today include Apollo Hospitals Enterprise Ltd. (4,786.70, -8.02%), Tata Motors Limited (DVR) (230.55, -7.89%) and Bharat Heavy Electricals Ltd. (60.15, -7.60%).

Volume Rockets

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

Top high volume gainers on BSE included Wipro Ltd. (670.80, 4.11%), Persistent Systems Ltd. (4,640.15, 3.03%) and Infosys Ltd. (1,820.85, 2.78%).

Top high volume losers on BSE were Mahindra Lifespace Developers Ltd. (233.30, -4.03%), Au Small Finance Bank Ltd. (1,109.00, -3.36%) and KPR Mill Ltd. (589.40, -2.48%).

Bajaj Auto Ltd. (3179.15, -2.27%) was trading at 12.8 times of weekly average. Bliss GVS Pharma Ltd. (98.55, -1.10%) and HDFC Asset Management Company Ltd. (2,397.95, -1.63%) were trading with volumes 8.6 and 4.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

5 stocks made 52-week highs, while 11 stocks were underachievers and hit their 52-week lows.

Stocks touching their year highs included - Grindwell Norton Ltd. (1,896.25, 2.21%), KPR Mill Ltd. (589.40, -2.48%) and Persistent Systems Ltd. (4,640.15, 3.03%).

Stocks making new 52 weeks lows included - Akzo Nobel India Ltd. (1,990.90, -2.39%) and Bajaj Auto Ltd. (3,179.15, -2.27%).

4 stocks climbed above their 200 day SMA including Emami Ltd. (542.85, 2.47%) and Galaxy Surfactants Ltd. (2,980.55, 2.46%). 41 stocks slipped below their 200 SMA including Indiabulls Housing Finance Ltd. (233.15, -8.21%) and Bharat Heavy Electricals Ltd. (60.15, -7.60%).