A powerful breakout is seen in these stocks amid market volatility; do you hold them?
Nifty 50 began cautiously due to poor global trends. This article presents a handpicked list of powerful stocks that are experiencing a price volume breakout.
Nifty 50 began today's session cautiously at 17,540.65, owing to negative global trends. Wall Street's major indices concluded down on Friday, falling to two-month lows.
This came after FedEx voiced concern about an impending economic slowdown. In Friday's trading, Nasdaq Composite dropped 0.9 per cent, Dow Jones was down 0.45 per cent, and S&P 500 lost 0.72 per cent.
Nifty 50 was trading at 17,658.65, up 127.8 points (0.73 per cent), at the time of writing. Frontline indices outperformed broader markets. Nifty Mid-Cap 100 index was up 0.22 per cent, while Nifty Small-Cap index was down 0.35 per cent.
The US dollar dropped below its 20-year high on Monday, ahead of the key central banks meeting. The dollar index was at 110.04. Brent crude declined to USD 90.55 per barrel at the time of writing, while WTI futures dropped to USD 83.69 per barrel.
On September 16, FII and DII were net sellers, according to preliminary data. Foreign Institutional Investors (FII) sold shares to the tune of Rs 3,260.05 crore. Domestic institutional investors sold shares worth Rs 36.57 crore.
The following is a list of solid breakout stocks in this volatile market.
Stock Name
|
CMP (Rs)
|
Change (%)
|
Volume
|
Ambuja Cements Ltd.
|
563.3
|
9.0
|
6,00,92,698
|
Escorts Kubota Ltd.
|
2,087.1
|
8.1
|
31,00,896
|
Mazagon Dock Shipbuilders Ltd.
|
452.6
|
5.2
|
32,92,395
|
Campus Activewear Ltd.
|
589.0
|
6.4
|
28,05,383
|
PNB Housing Finance Ltd.
|
433.7
|
5.5
|
26,18,618
|