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

Today’s trading session saw a sharp downturn in Indian headline indices, heavily impacted by declines in the information technology, oil & gas, power, and capital goods sectors. The broader indices followed suit, mirroring the trend observed in the main indices.

At 10:30 am, the BSE Sensex plunged 0.81% reaching a level of 72,161. The Nifty 50 index tumbled 0.88% to the 21,861 level. On the Sensex, Bharti Airtel and Bajaj Finance were among the top gainers, whereas Tata Consultancy Services, Nestle India, and IndusInd Bank were among the market draggers.

Some of the noteworthy volume movers are as follows:

1. Tata Consultancy Services Ltd

   The trading volume of Tata Consultancy Services Ltd saw a significant rise, surging hundreds of times, following the announcement of Tata Sons’ plan to sell TCS shares worth over Rs 9,000 crore. However, the shares experienced a decline of over 2% today after hitting a new 52-week high in the previous trading session. The company is a renowned IT services, consulting, and business solutions provider, having collaborated with numerous global giants in their evolution endeavours.

2. EIH Associated Hotels Ltd

   EIH Associated Hotels Ltd observed a significant surge of 200 times in trading volume, yet experienced a slight downturn, reaching an intraday low of Rs 663.50 per share on the BSE. The company’s primary focus lies in owning premium luxury hotels, featuring renowned brands such as ‘Oberoi’ and ‘Trident’, both synonymous with luxury and excellence in the hospitality industry.

3. Godfrey Phillips India Ltd

   Godfrey Phillips India Ltd saw a remarkable surge of 24 times in trading volume, experiencing a gain of around 2% to reach an intraday high of Rs 3,185.10 per share on the BSE. As one of India’s leading FMCG companies, it is renowned for producing some of the country’s most sought-after cigarette brands. Furthermore, the company has diversified its product range beyond cigarettes, venturing into India’s fiercely competitive confectionery segment and retail industry.

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.