BSE SmallCap Index closed at down by 0.18 per cent while BSE Sensex managed to shut shop at 55629 levels, down by 0.29 per cent.

Few IT stocks were seen trending and bucking the broader trend in the markets on Wednesday. IT stocks such as Intense Technology, MRO Tek, HCL Info Systems, BCG and Cambridge Technology were seen locked in the upper circuit.  

Despite Nifty index losing nearly 150 points from the day’s high, it did not breach its prior trading low. Moreover, India VIX, a gauge of the market’s expectation of volatility over the near term, dropped nearly 4 per cent, which suggests that there is no fear among the market participants now.  Considering this, the T20 breakout system has hand-picked the following stocks for the coming trading sessions. 

The equity markets are observing a rally by large-cap stocks in the month of August, which is driving the benchmark indices to higher levels, while the broader market is playing in a consolidation zone. Mid-caps and small caps are now experiencing some profit booking after rallying for the last few months. This is perhaps a fit sign for the market. 

The market opened in green on August 18, 2021.

The market opened in green on August 18, 2021, overall volumes in futures & options currently stand at 6,30,25,576 contracts with a turnover of Rs. 54,59,691.13 crore.

The market opened in green on August 18, 2021, overall volumes in futures & options currently stand at 6,30,25,576 contracts with a turnover of Rs. 54,59,691.13 crore.

Among the sectoral indices, defensives are yet again seen holding the markets steady with a trio of Nifty FMCG, Pharma & IT leading from the front. Nifty Metal is the worst performing sectoral indices.   

BLS International’s subsidiary, Starfin India Pvt Ltd has secured a contract to support the financial inclusion mission of the Indian Government with Bank of Baroda. As per the contract, StarFin has become the official National Business Correspondent (BC) and will offer last-mile banking services in urban as well as rural areas across the country. 

The shares of Textile companies are seen outperforming on Wednesday. One textile stock that is buzzing on bourses is AYM Syntex. The share price of AYM Syntex has jumped higher by more than 6 per cent in Wednesday, on an intraday basis.