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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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Following a sharp decline in the last trading session, Indian benchmark indices extended their losses, mainly driven by heavy losses in power, metals, and IT stocks. Telecommunication and healthcare stocks were relatively less affected by the market downturn.

At 10:40 am, the BSE Sensex fell 0.54%, reaching a level of 71,115. The Nifty 50 index declined 0.65% to the 21,433 level. On the Sensex, Sun Pharmaceutical Industries, Axis Bank and Tata Motors were among the top gainers, whereas Asian Paints, NTPC Ltd and IndusInd Bank were among the market draggers.

Some of the noteworthy volume movers are as follows:

CarTrade Tech Ltd: Trading volume for CarTrade Tech Ltd shares experienced a 24-fold increase, reaching an intraday high of Rs 720 on the BSE. The company is a provider of multi-channel auto platforms, offering coverage and presence across various vehicle types and value-added services. Its platform serves as a connection point for new and used automobile customers, vehicle dealers, vehicle OEMs, and other businesses, facilitating the buying and selling of diverse vehicle types.

Ethos Ltd: With a remarkable 23-fold rise in trading volume, Ethos Ltd shares surged over 4% today. The stock has achieved consecutive record highs in recent sessions. Ethos stands out as one of India’s leading players in the luxury and premium watch retail sector, commanding a substantial share of total retail sales in the premium and luxury segments.

Sanghi Industries Ltd: Shares, witnessing a 21-fold surge in volume, faced significant selling pressure and hit the 10% lower circuit at Rs 120.15 per share on the BSE. The company specializes in the manufacturing and marketing of cement and cement products, catering to both domestic and export markets.

Cholamandalam Financial Holdings Ltd: Shares registered a notable 19-times surge in trading volume and were marginally lower at Rs 1,006 per share on the BSE. This core investment company provides a diverse range of financial products and risk management services to both individual and corporate customers through its group companies.

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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