List of low price stocks with price volume breakout

Sensex traded with minor gains of 49 points at 54,941 at 10.52 am.

As the market trade sideways after absorbing the rate hike decision, we find that pharma stocks and oil & gas stocks are outperforming the markets.  

In the first hour of the trading session, Sensex and Nifty were able to recover some of the opening losses and traded flat. At the time of market opening, 27 out of 30 stocks on Sensex were trading in the red. The top gainers on Sensex are Dr Reddy’s Laboratories, Reliance Industries, and Maruti Suzuki whereas the top losers include Asian Paints, Tata Steel, Power Grid Corporation, L&T, and UltraTech Cement.  

At the pre-opening bell, S&P BSE Sensex opened in red today at a loss of 108.71 points or 0.20 per cent. 

Highest put option open interest contract was added at a strike price of 16000 for expiry on 09-Jun-2022

The Reserve Bank of India upped the repo rate by 50 basis points today, as expected. What influence, though, might debt fund investors have?

The company is engaged in the exploration, development & production of crude oil and natural gas in India, both onshore as well as offshore.

On Wednesday, the benchmark indices remained under pressure post the repo rate hike. RBI hiked the key policy repo rate by 50 bps to 4.90 per cent whereas the markets were relieved, as there was no CRR hike. The repo rate hike by RBI is likely to impact the home loan borrowers, both the existing as well as the new ones. While the hike is positive for the banks and the NBFCs, it is likely to be a burden for the borrowers. 

Nifty 50 also ended in the red territory at 16,356 levels, falling by 60 points.