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BSE Sensex Tanks, but Some Stocks Stand Tall Above 50 DMA

11 January 20246 mins read by Angel One
In a market plagued by uncertainty few high-cap, high-volume stocks trading above their 50-day moving averages
BSE Sensex Tanks, but Some Stocks Stand Tall Above 50 DMA
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

On Thursday, the markets continued to remain under pressure, with NSE’s Nifty 50 and BSE Sensex hitting a 4-month low as global cues dictated the market direction. Nifty 50 fell 264.90 points, or 1.39%, while the Sensex tanked about 900.91 points, or 1.41%, on an intraday basis. The market breadth was extremely weak, with over 5 stocks falling for every gainer in the BSE Sensex. Despite heavy selling, BSE Utilities and BSE Power managed to close with slight gains.

As Dalal Street experienced a bloodbath, 78 stocks reached their 52-week highs, and 13 stocks saw only buyers on Thursday’s expiry.

This story focuses on the stocks that are still showing strong signs of bullishness. Here are the stocks that are trading above their respective 50-day moving averages, indicating investor trust and technical strength. The S&P BSE Sensex is currently trading 4.83% below its 50 DMA.

The following 600 stocks are trading above their 50 DMA on Thursday. These stocks have a market capitalization of more than 500 crores and high trading volumes. The fact that these individual stocks are trading above their 50 DMA suggests that they may have relatively

stronger price performance compared to the broader market. This could indicate that investors have more confidence in these stocks. Certain sectors or stocks may be seen as safe havens.

Diversification, risk management, and ongoing monitoring of these stocks are crucial to making informed investment decisions in such situations.

Here is the list of stocks that were trading above the 50 DMA on Thursday, October 26, 2023:

Sr. No. Stock Name Symbol % Change Price
1 Prism Johnson Ltd PRSMJOHNSN 12.02% 135.60
2 Jindal Saw Limited JINDALSAW 8.59% 387.60
3 Sonata Software Limited SONATSOFTW 8.23% 1135.25
4 Jsw Energy Limited JSWENERGY 6.74% 390.90
5 Swan Energy Limited SWANENERGY 6.06% 329.05
6 Gujarat Ambuja Exports Limited GAEL 4.94% 331.40
7 Angel One Ltd ANGELONE 4.77% 2413.90
8 Prestige Estates Projects Limited PRESTIGE 3.50% 784.35
9 Apar Industries Limited APARINDS 3.46% 5165.40
10 CreditAccess Grameen Ltd CREDITACC 3.29% 1542.50
11 Ircon International Ltd IRCON 2.83% 140.05
12 Iti Limited ITI 1.85% 269.25
13 Canara Bank CANBK 1.58% 359.35
14 Minda Corporation Limited MINDACORP 1.42% 331.80
15 Central Bank Of India CENTRALBK 1.27% 43.85
16 Triveni Engineering & Industries Limited TRIVENI 1.19% 362.90
17 Equitas Small Finance Bank Ltd EQUITASBNK 1.13% 93.70
18 Karur Vysya Bank Limited KARURVYSYA 1.09% 143.80
19 Birlasoft Ltd BSOFT 0.69% 528.90
20 BSE (Bombay stock exchange) BSE 0.59% 1799.20
21 Nbcc (india) Limited NBCC 0.39% 63.80
22 Ujjivan Small Finance Bank Ltd UJJIVANSFB 0.28% 53.30
23 Infibeam Incorporation Limited INFIBEAM 0.27% 18.65
24 Multi Commodity Exchange Of India Limited MCX 0.23% 2234.05
25 Rainbow Childrens Medicare Ltd RAINBOW 0.22% 1132.95
26 K.p.r. Mill Limited KPRMILL 0.21% 795.25
27 Tvs Motor Company Limited TVSMOTOR 0.14% 1577.00
28 PCBL Ltd PCBL -0.08% 189.15
29 Indian Railway Finance Corporation Ltd IRFC -0.14% 70.20
30 Gujarat Narmada Valley Fertilizers And Chemicals Limited GNFC -0.27% 646.70
31 Oil India Limited OIL -0.27% 300.65
32 Power Grid Corporation Of India Limited POWERGRID -0.28% 198.95
33 Mangalore Refinery And Petrochemicals Limited MRPL -0.31% 96.65
34 Nmdc Limited NMDC -0.59% 152.05
35 Nippon Life India Asset Management Ltd NAM-INDIA -0.67% 357.75
36 New India Assurance Company Ltd NIACL -0.70% 135.55
37 L&t Finance Holdings Limited L&TFH -0.76% 131.40
38 Welspun Corp Limited WELCORP -0.92% 399.95
39 Irb Infrastructure Developers Limited IRB -0.92% 32.25
40 Idea Cellular Limited IDEA -0.92% 10.75
41 TATA Consumer Products Ltd TATACONSUM -1.08% 880.35
42 Indian Overseas Bank IOB -1.29% 38.40
43 Gujarat State Fertilizers & Chemicals Limited GSFC -1.37% 190.40
44 Muthoot Finance Limited MUTHOOTFIN -1.39% 1262.90
45 Ipca Laboratories Limited IPCALAB -1.39% 979.75
46 Balkrishna Industries Limited BALKRISIND -1.42% 2556.00
47 Maruti Suzuki India Limited MARUTI -1.56% 10424.15
48 Suzlon Energy Limited SUZLON -1.57% 31.40
49 Coal India Limited COALINDIA -1.63% 305.25
50 Bajaj Auto Limited BAJAJ-AUTO -1.64% 5259.35
51 Zomato Ltd ZOMATO -1.66% 106.45
52 Sun Tv Network Limited SUNTV -1.74% 623.50
53 Tata Motors Limited TATAMOTORS -1.77% 626.55
54 Bharti Airtel Limited BHARTIARTL -1.85% 905.50
55 Colgate Palmolive (india) Limited COLPAL -1.93% 2034.40
56 Fertilizers And Chemicals Travancore Limited FACT -2.19% 655.90
57 Central Depository Services Ltd CDSL -2.34% 1292.25
58 Syrma SGS Technology Ltd SYRMA -2.44% 578.75
59 Kalyan Jewellers India Ltd KALYANKJIL -2.67% 285.90
60 Rural Electrification Corporation Limited RECLTD -2.76% 265.75
61 Bajaj Finserv Limited BAJAJFINSV -3.19% 1560.00
62 HDFC Asset Management Company Ltd HDFCAMC -3.63% 2711.15
63 Aster DM Healthcare Ltd ASTERDM -6.26% 334.55
64 Welspun India Limited WELSPUNIND -7.31% 131.80

(Above stocks are from the index nifty 500 and has high trading volume)

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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