Markets pulled back from days high; Aurionpro, Dixon Technologies & Indoco Remedies become highflyers of the day!

The same old story is repeating in the markets for almost the third straight day in a row. The key benchmark indices witnessed a gap-up on the back of positive global cues and thereafter, extended their gains only to face resistance at higher levels. At the brink of the afternoon, it gave away the bulk of its early gains.   

Nifty lost more than 100 points from the day’s high and it’s now trading with modest gains of a quarter of a per cent. The top four gainers in Nifty 50 index are from the banking sector with HDFC Bank leading the way, followed by ICICI Bank, Kotak Mahindra Bank, and Axis Bank. On the other hand, Reliance Industries and Infosys emerged as the top losers in Nifty 50.   

In the Futures segment, the top gainer is SBI Life, followed by M&M Financial and Kotak Mahindra Bank while the list of top losers includes BPCL, which was trading down by 5.75 per cent, followed by GAIL and Motherson Sumi Systems.   

Talking about the stock-specific action, the stock of Aurionpro got locked at the upper circuit with a whopping jump of about 15-fold in volume as compared to the 30-days average volumes.  

Besides, the company has announced that it is signing a strategic partnership with Future-Tech, UK for data centre design and consultancy projects in India & South Africa. Further, Bhaskar Bhattacharya, EVP-Enterprise Business, while announcing the partnership, stated that “Aurionpro has ventured into this business at the right time as the Indian Data Centre market is likely to reach US$ 4 billion.”  

Meanwhile, Indoco Remedies also garnered the limelight soon after announcing the launch of Brinzolamide Ophthalmic suspension 1 per cent in the US market by Teva Pharmaceutical Industries. The stock is trading higher by nearly 5 per cent.   

The stock of Dixon Technologies is also seen buzzing on the bourses as the company has fixed the record date (March 19, 2021) for 1:5 stock splits.