Today both Nifty 50 and Sensex trading in a narrow range with no major positive or negative bias. Markets lags direction because of many uncertainties persists in Indian and global fronts. India-China tension is a major threat to the markets. Since markets already fell a lot from its recent peaks not much reflection of border tension is reflecting in the indices. Also corona virus covid 19 cases are skyrocketing in India is also a big threat to the economy and overall growth. Globally also fears about a second wave of corona outbreak making jitters in world markets and affecting investor sentiments.
Nifty Gainers and Losers
At 1038am more stocks are in the green zone leading by Bajaj Finance and Bajaj Finserv with more than 3% gains. Other stocks with major gains are Adani ports, UPL, Reliance Industries, BPCL, ONGC, Asian paints, Maruti and GAIL. Stocks with more than 1% loss are Wipro, HCLTech, HDFC, Infy and Mahindra.
Morning Volume Gainers
We calculate volume gainers in a different way. We compare current intra-day volume till this moment versus average two months volume for that particular stock till this moment. This will give very clear and exact volume figures compared to comparing current intra-day volume to average 2 months end of day volume numbers. So as per our chart today no major volume gainers as of 10:38am. Only stocks like Bajaj Finsrv, Coal India, Bajaj Finance etc trading with better volumes compared to other Nifty 50 stocks.
Major Recoveries in the Morning from Day’s Low
Stocks like Adani ports, Bajaj Finance and Bajaj Finsrv, UPL, Asian paints, Maruti, Bpcl and SBI recovered a lot from its intraday low in today’s trading. A recovery in intraday means traders are more positive about this stock in today’s session.
Major Drops in the Morning from Day’s High
Stocks like Vedanta, Hdfc, Coal India, Zeel, Indusind Bank, ITC, Mahindra and Kotak Bank dropped more than 1.6% from its peak value today or day’s high in the morning trading till 10:38am.