Despite starting the trading session lower, domestic indices later gained positive momentum, buoyed by strong performances in the auto, telecommunications, metals, and consumer durables sectors. The broader indices also mirrored this strength, rising in line with the main indices.
At 10:50 am, the BSE Sensex gained 0.32% reaching a level of 73,903. The Nifty 50 index added 0.23% to the 22,456 level. On the Sensex, Mahindra & Mahindra, UltraTech Cement Company and State Bank of India were among the top gainers, whereas Larsen & Toubro, Nestle India and IndusInd Bank were among the market draggers.
Some of the noteworthy volume movers are as follows:
Shares of Restaurant Brands Asia Ltd saw a tenfold surge in trading volume, propelling the stock more than 5% higher to an intraday high of Rs 108.05 per share on the BSE. The company holds the prestigious position of being the ‘Exclusive National Master Franchisee’ for Burger King in India. Burger King is one of the largest fast food hamburger chains in the world.
Shares of Endurance Technologies Ltd experienced an eightfold rise in trading volume today, soaring to a new 52-week high of Rs 2,317.55 per share on the BSE. The company specializes in the manufacturing and sale of auto components and equipment, including aluminium die casting (such as alloy wheels), suspension, transmission, and braking products, with operations spanning across India.
Shares of Info Edge (India) Ltd witnessed a sixfold surge in trading volume, with heightened buying interest propelling the stock more than 8% higher to reach an intraday high of Rs 6,338.55 per share on the BSE. The company’s holdings encompass various domains, including naukri.com for online recruitment, 99acres.com for online real estate, jeevansathi.com for online matrimonial services, and shiksha.com for online education information services.
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.
Published on: May 17, 2024, 1:20 PM IST
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