Watch out for these positive breakout stocks on March 15

Watch out for these positive breakout stocks on March 15

by 5paisa Research Team Last Updated: Mar 15, 2023 - 10:30 am 702 Views
Listen icon

Nifty 50 started higher on the back of strong global signals. Watch out for positive breakout stocks on Wednesday in this post.

Nifty 50 index began higher on Wednesday at 17,166.45, up from its previous closing of 17,043.3. This was due to strong global signals. On Tuesday, leading Wall Street indices finished significantly higher as investors expect financial-sector hardship to remain confined, freeing the US Fed to focus on addressing inflation.

Global Markets 

In overnight trade, Nasdaq Composite rose 2.14%, Dow Jones Industrial Average soared 1.06%, and S&P 500 shot up 1.65%. At the time of writing, their respective futures were trading in the green. Asian market indices were trading higher on Wednesday, following the overnight Wall Street activity, with South Korea's KOSPI and Hong Kong's Hang Seng index taking the lead.

Domestic Markets 

Nifty 50 was trading at 17,143.85 at 9:55 a.m., up 100.55 points or 0.59%. Frontline indices, on the other hand, underperformed broader market indices. Nifty Mid-Cap 100 index gained 0.6% and Nifty Small-Cap 100 index jumped 0.73%.

Market Statistics 

The advance-decline ratio on the BSE was positive, with 2121 stocks rising, 749 falling, and 107 staying unchanged. All sectors were trading in the green, with the top performers being the metals, pharma, and banking sectors. 

FIIs were net sellers, while DIIs were net purchasers, according to statistics as of March 14. Foreign Institutional Investors (FIIs) sold shares worth Rs 3,086.96 crore. Domestic Institutional Investors (DIIs) invested Rs 2,121.94 crore in shares.

Breakout Stocks to Watch Out for Today 

Stock Name 

CMP (Rs) 

Change (%) 


Adani Green Energy Ltd. 




Adani Enterprises Ltd. 




Adani Wilmar Ltd. 




IndusInd Bank Ltd. 




PNB Housing Finance Ltd. 





Share Market Today

How do you rate this article?


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.


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
Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Revving Up: Catch the Exciting November 2023 Auto Sales Highlights!

Escorts Kubota Ltd. witnessed a 4% increase in its total dispatches to dealerships, reaching 8,258 units, reflecting a 3.7% YoY growth. The rise in total dispatches to dealerships for Escorts Kubota Ltd.

Dixon Technologies to Manufacture Xiaomi Phones at Noida Plant

In a transformative move to enhance local smartphone manufacturing, Dixon Technologies (India) Ltd. has inaugurated a smartphone manufacturing plant in Noida.

JSW Group acquires 35% in MG Motor India, a SAIC subsidiary

On November 30, JSW Group announced a joint venture (JV) with SAIC Motor Corp. Ltd, the parent company of MG Motor India.