resr 5paisa Research Team 12th December 2022

Nifty 50 opens on a buoyant note; check out these powerful stocks for December 5

Listen icon

As indicated by SGX Nifty, Nifty 50 opened higher. In this article, we have listed the top stock witnessing price volume breakout. 

On Friday, Nifty 50 ended the session lower by 0.62% at 18,812.5. However, SGX Nifty suggested a buoyant opening of the market. Although the markets opened higher, at 9:30 a.m., Nifty 50 was trading at 18,663.75, down by 32.35 or 0.17%. Said that, Nifty Mid-Cap 100 index and Nifty Small-Cap 100 index is outperforming the frontline indices as they trade in the green. 

Key Wall Street indices on Friday ended flat. Nasdaq Composite concluded down by 0.18%, Dow Jones gained 0.1% and S&P 500 lost 0.12%. This was a result of investors digesting the higher-than-expected labour data and the upcoming US Fed meeting. The nonfarm payrolls ascended by 2.63 lakh last month and the unemployment rate was unchanged at 3.7%. 

Moreover, the Caixin or the S&P Global services Purchasing Managers' Index for November showcased the lowest reading of 46.7 in last six months. In addition, this was the third successive month of contraction in output and new work. The September’s and October's readings came in at 49.3 and 48.4, respectively. 

The Asian peers, on the other hand, are trading higher on Monday. This was amid China cooling off the testing rules for COVID-19 in some cities. This in turn is indicating more restrictions to ease further.

According to the data as on December 2, FIIs and DIIs, both were net buyers. Foreign Institutional Investors (FIIs) bought shares worth Rs 214.76 crore. Domestic Institutional Investors (DIIs) invested Rs 712.34 crore in shares.

The following is the list of strong stocks witnessing price volume breakout. 

Stock Name 

CMP (Rs) 

Change (%) 

Volume 

SJVN Ltd. 

41.9 

6.8 

26,55,942 

Manappuram Finance Ltd. 

122.2 

2.4 

5,16,189 

JM Financial Ltd. 

81.25 

2.1 

3,83,553 

National Aluminium Company Ltd. 

79.2 

1.5 

6,07,393 

Hindalco Industries Ltd. 

470.55 

2.1 

2,57,794 

How do you rate this article?

Characters remaining (1500)

Disclaimer: Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial. Also, The

Get 100 trades FREE* with the code "FREEPACK"
+91
''
Resend OTP
''
''
Please Enter OTP
''
By Proceeding, you agree T&C*
Mobile No. belongs to

Indian Stock Market Related Articles

Swing Trading Stocks: Week of ...

by Tanushree Jaiswal 15/04/2024

IPL Insights: 7 Lessons for St...

by Tanushree Jaiswal 10/04/2024

IPL 2024- Unraveling Its Impac...

by Tanushree Jaiswal 24/04/2024

Swing Trading Stocks: Week of ...

by Tanushree Jaiswal 07/04/2024

Venture Capital Drought: India...

by Tanushree Jaiswal 04/04/2024