With volatility abating and across-the-board buying interest witnessed on Wednesday, we have prepared a list of stocks based on the T20 breakout system, which has the potential to outperform in the near term.    

On Wednesday, the benchmark indices ended in green for the second consecutive day on February 9 keeping eyes on MPC meeting outcome.

Gains across sectors gave impetus to the headline indices higher with auto and financials showing strength. The gains extended to broader market with BSE 500 gaining 1.09 per cent or 256 points to close at 23861.29 

Abbott India, Laxmi Machine Works and Sundaram Clayton were among the day’s movers on BSE 500

Domestic mutual fund AUM saw a marginal increase of 0.8 per cent on monthly basis in the month of January 2022. 

Shares of SBI Cards and Payment Services, one of two state-run credit card issuing companies in the country was among the top gainers on the S&P BSE 500 intraday today. The stock was trading up by 5 per cent in the afternoon trading session on Wednesday and was among the top gainers on the BSE 500.  

Progressive policies by the government can help increase the growth trajectory of the Indian pharmaceutical sector, believes Nikhil Chopra, CEO and Whole-time Director, J.B. Chemicals and Pharmaceuticals Ltd. 

BSE Small-cap index closed the session at 29,233.31, up by 165.28 points i.e. 0.57 per cent.  

Nifty closed about 1.14 per cent higher while Sensex gained about 657 points.

Trident Ltd, a vertically integrated textile and paper manufacturer has multiplied shareholders’ wealth by more than 4.28 times.

Consumer Durables index outperformed on Wednesday driven by broad-based buying in heavyweight stocks. The sector was among the top gainer on the markets today with banking, auto and IT stocks. The Nifty Consumer Durables index has soared around 1 per cent in the early trade. The price hikes and RBI's monetary policy and the growth momentum in the sectors are expected to accelerate this fiscal on positive numbers. Broader markets further lifted the sentiments. Huge selling was seen by FII of Rs 1,967.89 crore and a DII of inflow of Rs 1,115.00 crore was recorded.