Watch out for these price volume breakout stocks

Indian equity market is trading lower today as power and utility stocks slump, whereas gains are witnessed in the banking sector.

Overnight, minutes from the Federal Reserve’s policy meeting showed that the central bank is going to raise interest rates by a half-percentage point each in June and July in order to overcome the inflation. As a result, the Wall Street indices closed higher. The Dow Jones Industrial Average rose 0.60% and S&P 500 advanced 0.95%. Along similar lines, Nasdaq gained 1.51%. 

Another benchmark indicator SGX Nifty indicated a positive opening with a gain of 64 points. In contrast, Indian headline indicators Sensex and Nifty 50 were trading in the red territory. 

At 11:55 am, BSE Sensex fell 0.47% and was at a level of 53,496.07. The top gaining stocks on Sensex were HDFC Bank, Housing Development Finance Corporation Ltd and Axis Bank. The Nifty 50 index was trading at 15,925.65 points, down by 0.62%. The top shares trading in green were the same as Sensex i.e. HDFC Bank, Housing Development Finance Corporation Ltd and Axis Bank. 

On the sectoral front, most of the power stocks were slumped today. BSE Power slipped more than 2% with Adani Green Energy Ltd, JSW Energy Ltd and Adani Transmission Ltd being the top losers. 

Check out these stocks listed below where price volume breakout can be witnessed in today’s trading session.