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

Indian benchmark indices were experiencing high volatility, oscillating between gains and losses. While the FMCG, healthcare, metals, and information technology sectors reported losses, real estate, auto, and oil and gas companies were attempting to boost the market with notable gains. The broader indices also witnessed a decline after opening the trading session higher.

At 11:00 am, the BSE Sensex lost 0.28%, reaching a level of 71,824. The Nifty 50 index fell 0.31% to the 21,644 level. On the Sensex, Bajaj Finance, Bharti Airtel and HCL Technologies were among the top gainers, whereas Hindustan Unilever, ITC Ltd and Tech Mahindra were among the market draggers.

Some of the noteworthy volume movers are as follows:

GMR Airports Infrastructure Ltd

Trading volume for GMR Airports Infrastructure shares surged twelvefold, and the stock climbed around 4%, reaching a 52-week high of Rs 87.55 per share on the BSE. The shares, displaying a sustained uptrend, consistently achieve new record highs daily. The company’s primary activities include the development, maintenance, and operation of airports, power generation, coal mining and exploration, highway development, as well as the establishment, maintenance, and operation of special economic zones.

Phoenix Mills Ltd

Shares experienced an over 8-fold surge in trading volume and are currently trading close to their recently achieved 52-week high of Rs 2,595 per share on the BSE. Phoenix Mills Ltd is actively involved in the operation and management of malls, construction of commercial and residential properties, as well as the hotel business in India.

Trident Ltd

Despite a generally weak market, shares surged approximately 13% and reached a 52-week high of Rs 46.47 on the BSE. The Trident Ltd engages in the manufacturing, trading, and sale of textile products such as Yarn, Terry Towels, and Bed sheets. Additionally, it is involved in paper and stationery, as well as the energy and chemicals businesses.

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.