Share Market Update: Multiple Stocks Witness Volume Break Out On Budget Day! Any names on the list? –

Share Market Update: On an eventful day, the SGX Nifty opened at 17,811.6 as indicated against the Nifty 50’s previous close of 17,662.15. It was among the strongest global signals. Key Wall Street indexes ended higher on Tuesday as labor costs print growth at the slowest pace in a year. The Nasdaq Composite rose 1.67%, the Dow Jones Industrial Average rose 1.09% and the S&P 500 rose 1.46% in overnight trade.

At 10:25 am, the Nifty 50 was trading up 141.6 points or 0.8% at 17,803.75. The broader market index, on the other hand, outperformed the forward indices. Nifty Mid-Cap 100 Index and Nifty Small-Cap 100 Index gained 1.01% and 0.9% respectively.

At the time of writing, markets are trading near the day’s highs. It is still below its 20 and 50-day EMAs after taking good support at the 200-day exponential moving average (EMA). A new bullish run will begin after it breaches above the 18,290-18,430 zone. On the downside, 17,580 will act as strong support.

Below is the list of stocks which witnessed price volume breakout.

Stock Name CMP (Rs.) Change (%) Volume
Cholamandalam Investment and Finance Company Ltd. 759.8 7.5 47,81,406
Apar Industries Ltd. 1,922.7 14.0 8,63,202
Borosil Renewables Ltd. 526.0 10.3 8,15,337
Syngene International Ltd. 579.3 3.0 9,05,298
Aurobindo Pharma Ltd. 420.6 3.1 8,95,462

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