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

19 February 20243 mins read by Angel One
Investors were drawn to these stocks with increased trading volumes in an otherwise lacklustre market; do you own them?
Market Movers: Here are today’s high-volume buzzers!
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The domestic indices were fluctuating between modest gains and losses, with significant gains observed in the energy, oil & gas, power, and metal sectors. At 10.10 am, the BSE Sensex edged up by 0.05%, reaching a level of 71,858. The Nifty 50 index added 0.14% to the 21,870 level. On the Sensex, Mahindra & Mahindra, NTPC Ltd and Wipro were among the top gainers, whereas Axis Bank, Kotak Mahindra Bank and ICICI Bank were among the market draggers.

Some of the noteworthy volume movers are as follows: 

Vedanta Ltd: The trading volume of shares experienced a remarkable 180-fold increase, showing a modest upswing amidst a generally subdued market. The company is a diversified natural resource conglomerate involved in the exploration, extraction, and refinement of minerals, as well as oil and gas. Its operations encompass exploration, production, and trading of zinc, lead, silver, copper, aluminium, iron ore, and oil and gas.

Glenmark Pharmaceuticals Ltd: Shares experiencing a 17-fold surge in trading volume registered an increase of over 6%, reaching an intraday high of Rs 847.30 per share on the BSE. The company is a leading global pharmaceutical enterprise, with a presence in generics, specialty, and over-the-counter (OTC) businesses, operating across more than 80 countries.

Rajesh Exports Ltd: The shares faced significant selling pressure, leading to a sharp decline of 11% and reaching a 52-week low of Rs 298.95 on the BSE. The company operates as a gold refiner, manufacturer, and exporter of gold products. It stands out as one of the select few globally with operations spanning the entire gold value chain, from refining to retailing.

Yes Bank Ltd: Shares with a threefold rise in trading volume experienced a modest gain, reaching an intraday high of Rs 29.30 per share on the BSE. It is a bank offering a comprehensive array of products, services, and digital solutions, tailored for retail, MSME, and corporate customers. Its investment banking, merchant banking, and brokerage operations are conducted through Yes Securities, a wholly-owned subsidiary of the bank.

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. 

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