Five stocks witnessing long unwinding

Long unwinding refers to selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness.

The domestic benchmark indices opened in the red on Wednesday and even at 11.05 am, both Sensex & Nifty were spotted in the negative territory. Sensex was seen trading at 60,298.32 levels, down by 0.04 per cent while Nifty plunged 0.11 per cent to be at 17,979.55 levels.

Asian Paints, Power Grid, and NTPC emerged as the top three gainers today, climbing 2.44 per cent, 2.38 per cent & 1.94 per cent, respectively.

Following are the stocks where profit booking is seen taking place in the F&O segment: