A strong positive breakout is seen in these stocks despite a weaker market

Nifty 50 started lower on the back of negative global trends. In this post, we have curated a list of top stocks experiencing a strong positive breakout.

Nifty 50 opened with a gap down at 16,870.55 after negative cues from global and Asian markets. On Tuesday, key Wall Street indices continued to fall, with the session concluding lower. This is due to sour sentiments fuelled by the US Fed's relentless monetary tightening.

In overnight trading, Nasdaq Composite rose 0.25 per cent, while Dow Jones ended down 0.43 per cent, and S&P 500 sank 0.21 per cent. However, the rally in the late session actually did provide some solace.

Nifty 50 was trading at 16,939.55 at the time of writing, down 67.85 points (0.4 per cent). Frontline indices were outperformed by broader market indices. Nifty Mid-Cap 100 index gained 0.11 per cent, while Nifty Small-Cap 100 index fell 0.08 per cent.

The advance-decline ratio on the BSE was negative. Around 1,641 stocks were falling, 1,475 were rising, and 149 stayed unchanged. Except for the automobile, IT and pharmaceutical sectors, all other sectors traded in the red. Metals, FMCG, banking, and media were the worst-performing sectors.

According to September 27 statistics, FIIs were net sellers, while DIIs were net buyers. Foreign Institutional Investors (FII) sold Rs 2,823.96 crore worth of shares. Domestic Institutional Investors (DII) purchased shares worth Rs 3,504.76 crore.

The following is a list of stocks experiencing a strong positive breakout.