These stocks are experiencing a strong price volume breakout

On the back of negative global trends, Nifty 50 started slightly lower. In this post, we have highlighted the top stocks that are experiencing a price volume breakout.

Nifty 50 began the new week down at 18,402.15, compared to Friday's closing of 18,496.6. This was due to lacklustre global cues. Prominent Wall Street indices fell on Friday as a result of stronger-than-expected US producer price information and a rise in service costs. This fuelled fears that the US Fed would be proactive in tightening monetary policy to combat inflation.

On Friday, Nasdaq Composite dropped 0.7%, Dow Jones Industrial Average sank 0.73%, and S&P 500 dipped 0.9%. Asian markets slumped on Monday ahead of the back-to-back global macroeconomic data release. This covers rate hike decisions by the US Federal Reserve, the Bank of England, and others.

Nifty 50 is trading flat at 18,509.9, down 13.3 points or 0.07% at 10:49 a.m. When compared to the frontline indices, broad market indices are outperforming. Nifty Mid-Cap 100 index is up 0.12%, while Nifty Small-Cap index gained 0.22%.

The advance-decline ratio on the BSE is flat, with 1844 stocks advancing, 1501 dropping, and 177 staying unchanged. Apart from the FMCG, Pharma and IT sectors, all other sectors are trading in the green.

According to December 9 statistics, FIIs were net sellers while DIIs were net purchasers. Foreign Institutional Investors (FIIs) sold Rs 158.01 crore worth of shares. Domestic Institutional Investors (DIIs) invested Rs 501.63 crore in shares.

The following is a list of stocks that have seen a price volume breakout.