These stocks are trending in a subdued market environment

On Tuesday, the domestic markets continued to remain volatile and subdued. In spite of this, a number of stocks made fresh 52-week highs, led by investors’ confidence. Stocks such as Cipla, JK Cement, Mindtree, JSL, etc. were trending.

Sensex and Nifty erased their early morning gains to slip into the red zone. Lately, Sensex was seen trading almost flat with a negative bias at 40,564.12 levels while Nifty was down by 0.07 per cent or 8.85 points at 11,922.10.  

Analysts believe that on Tuesday, markets may close in red, snapping their recent gaining streak. Meanwhile, as bulls remained in control in October as well by pushing the benchmark indices further above their crucial levels, a correction in the near-term is expected. As indices trade in the overbought territory, disconnection can be seen with broader markets failing to outperform thus, raising the red flag in the short-term.

The shares of Infosys gained to Rs 1,147.65 per share, making a new 52-week high. The previous 52-week high was of Rs 1,139.80 per share made during the previous trading session i.e. on Monday, October 12, 2020.

Generally, it is said that if a stock breaches its 52-week high, then there is a strong chance of significant gains ahead.

Scrips that witnessed high volume movement included CRISIL, Sonata Software, Vinati Organics, etc.

Mainly pharma and IT stocks were seen trending on Tuesday.

Below is a list of some of the buzzing stocks on October 13, 2020: