Watch out for these breakout stocks today

Watch out for these breakout stocks today

by 5paisa Research Team Last Updated: Mar 23, 2023 - 11:21 am 318 Views

Nifty 50 opened higher amid strong global cues. In this article, watch out for breakout stocks on Tuesday.

Nifty 50 opened higher on Tuesday at 17,060.4 against its previous close of 16,988.4. This was a result of strong global cues. Key Wall Street indices ended higher on Monday on hopes of stability in the banking sector after regulators designed a deal for Swiss banking giant UBS to take over rival Credit Suisse. Furthermore, major US banks are considering equity investment to support the First Republic Bank.

Global Markets 

Nasdaq Composite jumped 0.39%, Dow Jones Industrial Average surged 1.2%, and S&P 500 climbed 0.89%, in overnight trade. Even their respective futures were also trading in the green at the time of writing. Tracking the overnight cues from Wall Street, Asian market indices mostly traded higher on Tuesday with an exception of Japan’s Nikkei 225 index.

Domestic Markets  

At 10:35 a.m., Nifty 50 is trading at 17,067.4, up by 79 points or 0.47%. Broader market indices, on the other hand, performed mixed against frontline indices. Nifty Mid-Cap 100 index and Nifty Small-Cap 100 index gained 0.31% and 0.69%, respectively.

Market Statistics 

On BSE, the advance-decline ratio was positive with 2035 stocks advancing, 1035 declining and 148 remaining unchanged. On the sectoral front, apart from FMCG and IT, all the other sectors are trading in green.

According to the data as on March 20, FIIs were net sellers and DIIs were net buyers. Foreign Institutional Investors (FIIs) sold shares to the tune of Rs 2,545.87 crore. Domestic Institutional Investors (DIIs) bought shares worth Rs 2,876.64 crore.

Breakout Stocks to Watch Out on Tuesday 

Stock Name  

CMP (Rs)  

Change (%)  

Volume  

Aarti Drugs Ltd.  

372.2  

1.1  

33,28,677  

Stove Kraft Ltd.  

394.7  

11.0  

8,91,735  

UTI Asset Management Company Ltd.  

668.9  

5.0  

9,38,720  

ICICI Bank Ltd.  

844.2  

0.9  

22,93,063  

Jubilant Foodworks Ltd.  

443.8  

2.0  

8,42,809 


How do you rate this article?

or

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

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.

Open Free Demat Account

Resend OTP
Please Enter OTP
Account belongs to

By proceeding, you agree to the T&C.

Latest News
How PFC F&O contracts will be adjusted for special dividend

In its Board Meeting held on 27th May 2023, the board of directors of Power Finance Corporation (PFC) Ltd has approved an Interim Dividend pay-out of ₹4.50/- per equity share of face value of ₹10/- each.

  • Jun 09, 2023
What you must know about Cell Point IPO

Cell Point (India) Ltd is one of the largest retail outlets for mobile phones and other electronic accessories in South India.

  • Jun 09, 2023
Sahana Systems IPO GMP (Grey Market Premium)

Sahana Systems IPO worth ₹32.74 crore comprises entirely of a fresh issue of shares by the company. The price band has been fixed in the range of ₹132 to ₹135.

  • Jun 09, 2023

Start Investing Now!

Open Free Demat Account in 5 mins

Enter Valid Mobile Number