BSE 500: These shares gained with price volume breakout when Sensex tumbled.

BSE 500: These shares gained with price volume breakout when Sensex tumbled.

by 5paisa Research Team Last Updated: Dec 13, 2022 - 11:25 am 49.2k Views
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The stocks rising with increasing volumes can be considered to reflect a continuation of the trend.

The frontline indices tumbled on Wednesday with BSE Sensex losing 456 points and Nifty 50 slipping by 152.15 points.

BSE 500 index slipped by more than 1% on Wednesday on a closing basis. Shriram City Union Finance was the top BSE 500 index gainer, up by nearly 8%. Idea helped push the BSE Telecom index by gaining more than 7%.

The Nifty continued to trade with weakness on Wednesday, witnessing a follow-through decline. However, Nifty opened in the green. There was some minor recovery in the last few minutes of the trading session. A long bearish candle was formed in Nifty on the daily chart. This indicates a reversal in the market.

IRCTC and Deepak Nitrate featured amongst the top BSE 500 losers. IRCTC was down by more than 17% while Deepak Nitrate slipped by more than 11% on Wednesday on a closing basis. Other BSE 500 top losers on Wednesday remained Cera Sanitaryware, Navin Fluorine, Dixon Technologies, Jubilant Foods and Aarti industries.

While the overall markets remained weak there were few BSE 500 stocks that managed to outperform. Few of the BSE 500 components gained with rising volumes on a closing basis.

Here is the list of top 10 BSE 500 gainers on Wednesday that saw a price volume breakout:

  

Sr No   

Stocks   

LTP   

Price gain (%)   

Volume change (times)   

1  

Mahindra Lifespace Developers   

289.95  

7.37  

3.03  

2  

IDEA   

10.7  

7  

2.13  

3  

Shriram City Union Finance   

2368  

7.78  

2.03  

4  

CG Power   

136.85  

4.99  

1.83  

5  

Sterlite Technology   

284.7  

4.1  

2.2  

6  

Bharti Airtel   

708.1  

3.96  

2.59  

7  

Equitas Holdings   

127.4  

3.49  

1.58  

8  

Balmar Lawrie   

133.5  

3.05  

6.65  

9  

Vinati Organics   

2061.15  

2.79  

1.79  

10  

SBI   

501.2  

2.66  

1.67  

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