After a steep decline in the previous trading session, Indian benchmark indices struggled to gain positive momentum in early trades today but later soared significantly, driven by strong performances in the FMCG, auto, and telecommunications sectors.
At 11:10 am, the BSE Sensex soared 1.83% reaching a level of 73,400. The Nifty 50 index climbed 2.05% to the 22,335 level. On the Sensex, Hindustan Unilever Ltd, Mahindra & Mahindra and Nestle India were among the top gainers, whereas Larsen & Toubro, Power Grid Corporation of India and State Bank of India were among the market draggers.
Some of the noteworthy volume movers are as follows:
Shares of Bhagiradha Chemicals & Industries Ltd experienced a massive increase in trading volume today, surging 20% to hit a 52-week high of Rs 223.25 per share on the BSE. The Indian agro-chemical company specializes in manufacturing insecticides, fungicides, herbicides, and other related products.
Shares of Dabur India Ltd saw an eightfold rise in trading volume, extending yesterday’s uptrend to reach a new 52-week high of Rs 633 per share on the BSE. The company is a leading player in the fast-moving consumer goods (FMCG) sector, specializing in consumer care and food products.
Shares of Jyothy Labs Ltd witnessed sixfold surge in trading volume, climbing over 15% to reach an intraday high of Rs 454.55 per share on the BSE. The company boasts a diversified product portfolio spanning four major categories including fabric care, dishwashing, household insecticides, and personal care. It holds an established market position in the post-wash and dishwashing segments.
Shares of Honeywell Automation India Ltd saw a notable increase in trading volume, gaining over 2% to reach an intraday high of Rs 51,100 per share on the BSE. The company is a leader in providing integrated automation and software solutions, as well as process and building solutions. Additionally, it offers engineering services in the field of automation and control to global clients.
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: Jun 5, 2024, 12:48 PM IST
We're Live on WhatsApp! Join our channel for market insights & updates