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

The domestic indices started the trading session with a sharp upward surge, recovering from earlier losses. The rally was spearheaded by the IT, power, consumer durables, and telecommunication sector stocks.

At 10:10 am, the BSE Sensex climbed 0.84%, reaching a level of 71,785. The Nifty 50 index soared 0.80% to the 21,634 level. On the Sensex, Titan, Bharti Airtel and Axis Bank were among the top gainers, whereas IndusInd Bank, Reliance Industries and Sun Pharmaceutical Industries were among the market draggers.

Some of the noteworthy volume movers are as follows:

Varun Beverages Ltd: Today, there was a remarkable 17-fold increase in the trading volume of shares, accompanied by a favourable surge in momentum. The company holds a significant position in the beverage industry and stands as one of the largest franchisees of PepsiCo globally. It specializes in the production and distribution of a diverse range of carbonated soft drinks, non-carbonated beverages, and packaged water, all marketed under trademarks owned by PepsiCo.

Kotak Mahindra Bank: The Kotak Mahindra Bank shares experienced a fivefold surge in trading volume, gaining by over 1% to attain an intraday high of Rs 1,800 per share on the BSE. The company serves as a diversified financial services entity, offering an extensive array of banking and financial services, encompassing retail banking, treasury and corporate banking, investment banking, stock broking, advisory services, asset management, and insurance.

Indrayani Biotech Ltd: The shares observed a fourfold surge in trading volume, hitting a 20% upper circuit limit and reaching a 52-week high of Rs 89.40 per share on the BSE. The company manages various business units, each handled by an independent team of field experts. The company operates in diverse sectors including food and hospitality, dairy, healthcare, engineering, biotech, agriculture, and infrastructure.

Ultracab (India) Ltd: Shares, buoyed by heightened trading volume, were locked at a 5% upper circuit, trading at Rs 20.32 per share on the BSE. The company specializes in the manufacturing and export of electric wires and cables.

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.