Watch out for these strong breakout stocks today


by 5paisa Research Team Last Updated: Mar 27, 2023 - 04:06 pm 858 Views
Listen icon

Nifty 50 began higher on the first trading day of the week, supported by strong global signals. In this post, watch out for strong breakout stocks as of Monday.

As compared to its Friday close of 16,945.05, Nifty 50 opened higher on Monday at 16,984.3. This was due to strong global trends. Leading Wall Street indices rose on Friday as fears over Deutsche Bank were alleviated by European Central Bank (ECB) President Christine Lagarde, who stated that eurozone banks are stable and have good capital and liquidity situations.

Global Markets   

On Friday, Nasdaq Composite rose 0.31%, Dow Jones Industrial Average increased 0.41%, and S&P 500 surged 0.56%. At the time of writing, their respective futures were trading in the green. On Monday, Asian market indices had a mixed performance. Only two indices were trading higher; Japan’s Nikkei 225 index and Australia’s S&P ASX 200.

Domestic Markets 

Nifty 50 was trading at 17,024.5 at 9:50 a.m., up 79.45 points or 0.47%. Frontline indices, on the other hand, outperformed broader market indices. Nifty Mid-Cap 100 index fell 0.18%, while Nifty Small-Cap 100 index dropped 0.86%.

Market Statistics   

The advance-decline ratio on the BSE was negative, with 1095 stocks rising, 1851 falling, and 137 staying unchanged. Except for realty, all other sectors were trading flat to positive. 

FIIs were net sellers and DIIs were net purchasers as of March 24, according to the statistics. A total of Rs 1,720.44 crore worth of shares were sold by foreign institutional investors (FIIs). Domestic Institutional Investors (DIIs) invested Rs 2,555.53 crore in shares.

Breakout Stocks to watch out for on March 27 

Stock Name  

CMP (Rs)  

Change (%)  

Volume  

Adani Green Energy Ltd.  

1,052.6  

2.3  

17,26,608  

Aurobindo Pharma Ltd.  

509.8  

1.9  

8,46,057  

Hindalco Industries Ltd.  

394.9  

1.7  

11,38,819  

Jindal Steel & Power Ltd.  

539.7  

1.0  

7,08,094  

Gland Pharma Ltd.  

1,320.0  

3.0  

2,74,860 

Share Market Today


How do you rate this article?

or

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

378X91-D3

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
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
What you must know about Accent Microcell IPO?

Accent Microcell Ltd is a 11 year old company, incorporated in the year 2012 to produce high-quality cellulose-based excipients. These excipients find application in the pharmaceutical, nutraceutical, food, cosmetic and other industries.

Electric Two-Wheeler Sales Surge in November: A Close Examination

In November, sales of electric two-wheelers witnessed impressive growth, totaling just over 91,000 units. This marks a nearly 20% increase compared to the same month last year and a 22% rise from October.

HUL Strategically Divides Beauty and Personal Care for Modern Beauty Brand Challenges

Hindustan Unilever Ltd (HUL) is making strategic moves to enhance its competitiveness in the beauty and personal care market. Starting April 1, the company will split its beauty and personal care division into two separate entities—beauty and wellbeing (B&W) and personal care (PC).