Market Movers: Here are today’s high-volume buzzers!
Investors were drawn to these stocks with increased trading volumes in a recovery market moves; do you own them?
India’s equity benchmark indices opened flat on Wednesday, as gains in Reliance Industries and Bharti Airtel, following their agreements with Elon Musk’s SpaceX to introduce Starlink internet services in India, balanced the decline in IT stocks.
At 10:00 AM, Sensex was down 62 points, or 0.08 per cent, at the 74,165 level, while Nifty jumped by 29 points, 0.13 per cent at 22,476. On the broader level, Nifty Mid-Cap dropped by 0.27 per cent, while Nifty Small-Cap surged by 0.29 per cent.
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Nifty Private Bank, Nifty Bank and Nifty Oil & Gas are among the Top Gainers while Nifty IT, Nifty Media and Nifty Realty are among the Top Losers.
About 1,330 stocks are advancing as against 1,143 declining stocks, thus indicating a Positive sentiment in the broader market.
Top Volume Buzzers of the Day
Several stocks have witnessed unusual trading activity today, with a significant surge in volumes compared to their two-week average. These volume buzzers indicate strong market interest and volatility. Below is an analysis of the most active stocks based on volume change and price movement.
KRBL Limited is currently witnessing a substantial surge in trading volume, recording 6.16 lakh shares traded compared to its two-week average of 1.01 lakh shares. This marks a 6.08 times increase in volume. The stock is trading at Rs 169.80, experiencing a sharp decline of Rs 42.40, which translates to a drop of 19.98 per cent. The turnover for the stock has reached Rs 10.58 crore, indicating strong selling pressure. The significant decline in price suggests potential negative sentiment or profit-booking by traders.
IndusInd Bank Limited is also among the top volume buzzers, with 29.14 lakh shares traded today compared to a two-week average of 6.08 lakh shares, reflecting a 4.79 times increase in volume. The stock is currently trading at Rs 689.20, up by Rs 33.25, marking a gain of 5.07 per cent. With a turnover of Rs 192.48 crore, the stock is attracting substantial buying interest. The rise in price along with high volume suggests strong bullish momentum and investor confidence in the banking sector.
Axis Bank Limited has seen a trading volume of 3.37 lakh shares today, significantly higher than its two-week average of 0.75 lakh shares, indicating a 4.48 times rise in volume. The stock is currently trading at Rs 1010.15, down by Rs 15.40, reflecting a decline of 1.50 per cent. The total turnover for the stock stands at Rs 34.15 crore. Despite the higher trading volume, the negative price movement suggests possible profit-booking or market correction.
Disclaimer: The article is for informational purposes only and not investment advice.