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

The Indian benchmark indices kicked off the week with notable optimism, surging to new record highs on the bourses. The rally was propelled by significant gains in the energy, auto, consumer durables, and telecommunications sectors.

At 10:20 am, the BSE Sensex surged 0.50% reaching a level of 74,625. The Nifty 50 index climbed 0.47% to the 22,619 level. On the Sensex, Mahindra & Mahindra, Reliance Industries and Power Grid Corporation of India were among the top gainers, whereas Wipro, HDFC Bank and Titan were among the market draggers.

Some of the noteworthy volume movers are as follows:

1. Federal Bank Ltd

Shares of Federal Bank Ltd experienced a significant six-fold surge in trading volume but were trading slightly down, reaching an intraday low of Rs 153.85 per share on the BSE. The bank offers a range of services including retail and corporate banking, para banking activities such as debit card services, third-party product distribution, as well as treasury and foreign exchange operations.

2. Info Edge (India) Ltd

Info Edge (India) Ltd witnessed a four-fold surge in trading volume as its shares surged more than 8%, reaching a 52-week high of Rs 6,164 per share on the BSE. The company is recognized as India’s leading online classified entity, boasting a diverse portfolio of brands. Its 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.

3. FSN E-Commerce Ventures Ltd

FSN E-Commerce Ventures Ltd observed heightened buying activity following the release of its quarterly update, leading to a rise of more than 5% as its shares reached an intraday high of Rs 177.70 per share on the BSE. Familiarly recognized as ‘Nykaa,’ the company operates as a digitally native consumer technology platform, offering consumers a content-led, lifestyle retail experience.

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.