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Market Movers: Here are today’s high-volume buzzers!

19 January 20243 mins read by Angel One
Investors were drawn to these stocks with increased trading volumes in an otherwise weak market; do you own them?
Market Movers: Here are today’s high-volume buzzers!
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In today’s trading session, Indian benchmark indices experienced a sharp downturn, reflecting the prevailing weakness in Asian markets. With the exception of the information technology, capital goods, and consumer durable sectors, all other sectoral indices were trading in negative territory. Financial services, banking, and metal stocks, in particular, faced substantial losses.

At 10:25 am, the BSE Sensex plunged 1.20%, reaching a level of 72,249. The Nifty 50 index slumped 1.14% to the 21,780 level. On the Sensex, Tata Consultancy Services, HCL Technologies and Larsen & Toubro were among the top gainers, whereas HDFC Bank, Tata Steel and Kotak Mahindra Bank were among the market draggers.

Some of the noteworthy volume movers are as follows:

Goa Carbon Ltd: Shares of the company experienced increased buying interest following the announcement of dividends, climbing more than 17% to attain aAt 10:25 am, the BSE Sensex plunged 1.20%, reaching a level of 72,249. The Nifty 50 index slumped 1.14% to the 21,780 level. On the Sensex,of Rs 710 on the BSE. The company is engaged in the production and marketing of calcined petroleum coke.

Northern Spirits Ltd: Trading volume for the shares surged sevenfold, and they were trading slightly lower, reaching an intraday low of Rs 400 per share on the BSE. The company’s main focus is on importing and distributing premium alcoholic beverages.

ICICI Lombard General Insurance Company Ltd: Experiencing a sixfold increase in trading volume, the shares soared by over 7%, reaching an intraday high of Rs 1,475 on the BSE. The company stands as a prominent and well-established private sector general insurance entity in India, providing a diverse array of products and risk management solutions through various distribution channels.

Apollo Tyres Ltd: Shares were trading slightly lower, fluctuating near the 52-week high of Rs 485 on the BSE. The company specializes in manufacturing automatic bias and radial tyres, along with tubes, and boasts a varied product portfolio that includes renowned tyre brands in the T&B, light truck, passenger car, and farm vehicle segments in India.

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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