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

Domestic indices started today’s trading session on a positive note, nearing their all-time highs. Leading the gains were the power, utilities, auto, and financial services sectors, while real estate and consumer durables witnessed notable declines. The BSE Midcap Index significantly outperformed the main indices by a wide margin.

At 10:30 am, the BSE Sensex gained 0.36% reaching a level of 74,752. The Nifty 50 index added 0.34% to the 22,682 level. On the Sensex, Power Grid Corporation of India, Mahindra & Mahindra and Asian Paints were among the top gainers, whereas Kotak Mahindra Bank, Wipro and Maruti Suzuki were among the market draggers.

Some of the noteworthy volume movers are as follows:

Kotak Mahindra Bank

Shares of Kotak Mahindra Bank, which were the biggest drag on the BSE Sensex today, tumbled more than 4% to reach an intraday low of Rs 1,552 per share on the BSE. This occurred after KVS Manian, the joint managing director of the bank, resigned with immediate effect. It is a diversified financial services group providing a wide range of banking and financial services, including retail banking, treasury and corporate banking, investment banking, stock broking, advisory services, asset management, and insurance.

Filatex Fashions Ltd

Shares of Filatex Fashions Ltd, with a 10-fold spurt in trading volume, experienced heavy selling pressure, leading to being locked at a 20% lower circuit at Rs 12.07 per share on the BSE. It is recognized as one of India’s leading and oldest participants in the socks manufacturing industry.

Indiamart Intermesh Ltd

Shares of Indiamart Intermesh Ltd, with a 6-fold increase in trading volume, attracted significant buying interest and surged more than 5% today to reach an intraday high of Rs 2,791 per share on the BSE. As a B2B digital marketplace, it prioritizes integrating Small and Medium Businesses (SMEs) into the new paradigm with speed and ease.

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.