The Indian stock market shook off its earlier trend from the beginning of the ongoing week on Friday follwing strong comeback of the benchmark indices. By around 1 PM, the BSE Sensex had climbed 237 points, while the Nifty 50 added 89 points.
Trading was lively on the National Stock Exchange, with top movers including Vodafone Idea, EaseMyTrip, Dharan Infra, Ola Electric Mobility, Tata Silver ETF, Brainbees Solutions (FirstCry), Tata Gold ETF, Suzlon Energy and Yes Bank. The mid-day recovery across key sectors appears to have restored some confidence for investors after a sluggish week.
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Most traded stocks on NSE
Vodafone Idea
Around 10:35 AM, more than 10 crore shares were traded. The stock rose about 0.5 per cent to ₹11.32.
EaseMyTrip
Nearly 4 crore shares changed hands. Around 10:45 AM, the stock declined 6.5 per cent to ₹8.63. After nearly 60 per cent growth over three consecutive sessions, profit-booking pressure was visible.
Brainbees Solutions (FirstCry)
Nearly 2.5 crore shares were traded. Around 10:50 AM, the stock gained 6.20 per cent to ₹227. After four consecutive days of decline, the recovery is attributed to short covering.
Ola Electric Mobility
More than 2 crore shares were traded. Around 10:55 AM, the stock was down nearly 2 per cent at ₹27. The company has made no new announcements in the past two days. Weak earnings and a prolonged downward trend continue to weigh on the stock.
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Suzlon Energy
Nearly 2 crore shares were traded. Around 11 AM, the stock declined 1 per cent to ₹44.76. The company informed that the Principal Commissioner of Customs in Chennai imposed a penalty of ₹9.60 crore on Suzlon Global Services Limited, which has now merged with Suzlon Energy.
Experts advise caution amid volatility
According to market experts, the partial recovery followed short covering after the previous session’s sharp fall, along with selective buying interest. However, investors are advised to remain cautious amid ongoing volatility.
{News Ei Samay does not provide investment advice anywhere. Investment and trading in the share market or any field involve risk. Proper study and expert advice are recommended beforehand. This news is published for educational and awareness purposes.}
