These stocks are experiencing a solid positive breakout
Nifty 50 began higher because of good global trends. In this post, we have highlighted the top stocks that are experiencing a solid positive breakout.
Nifty 50 began higher at 18,435.15, up from its previous closing of 18,385.3. This was due to good global signals. On Tuesday, leading Wall Street indices ended flat to positive after a four-day losing run. This was owing to investors' concerns about poor Christmas shopping, as well as the Bank of Japan's (BoJ) unexpected hike in bond yields as part of its monetary policy tweak, which pushed US Treasury yields higher.
In overnight trade, Nasdaq Composite closed flat with a positive bias at 0.01%, Dow Jones Industrial Average increased 0.28%, and S&P 500 advanced 0.1%. On Wednesday, Asian peers were higher after the Wall Street's bullish overnight close. In the aftermath of the Bank of Japan's surprising action, Japan's Nikkei 225 index continued to fall.
Nifty 50 was trading at 18,363.55, down 21.75 points or 0.12%, at 10:30 a.m. Broader market indices outpaced frontline indices. Nifty Mid-Cap 100 index gained 0.32%, while the Nifty Small-Cap 100 index climbed 0.16%.
On the BSE, the advance-decline ratio was positive, with 1749 stocks rising, 1438 falling, and 175 staying unchanged. On a sectoral front, PSU banks, pharma, realty and IT were the top performers and FMCG, media and private banks suffered the most.
Both FIIs and DIIs were bet purchasers, according to statistics as of December 20. Foreign Institutional Investors (FIIs) purchased shares worth Rs 455.94 crore. Domestic Institutional Investors (DIIs) bought Rs 494.74 crore worth of shares.
The following is a list of the top stocks experiencing a solid positive breakout.
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