Stocks in Focus: Vodafone Idea, GTL Infra, SAIL, Groww Among NSE's Most Traded Names

Indian Stock Market Swings Amid Global Uncertainty

On Wednesday, 13 May, the Indian stock market benchmarks, the Sensex and the Nifty 50, experienced a volatile session, with the Sensex swinging more than 800 points during the session. The Nifty 50 touched an intraday high of 23,510 and a low of 23,263, respectively, until 11:45 am.

The market's performance was influenced by mixed global cues and a decline in crude oil prices. The ongoing talks between the US and Iran remaining stalled have heightened concerns about the West Asia crisis, leading to a negative impact on India's macros. According to VK Vijayakumar, Chief Investment Strategist at Geojit Investments, the downside risk to India's growth and upside risk to inflation have increased, resulting in negative implications for the markets.

The Nifty 50 has a key resistance level of 23,500, as identified by Shrikant Chouhan, the head of equity research at Kotak Securities. If the Nifty 50 breaks below this level, a correction continuation pattern could extend to 23,250-23,150. However, if it manages to surpass 23,500, a pullback move could extend to 23,600-25,650.

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Most Traded Stocks on the NSE

The following stocks were among the most traded on the National Stock Exchange (NSE) on Wednesday:

Vodafone Idea was the most traded stock, with more than 82 crore shares changing hands. The stock jumped 8% to its 52-week high of ₹12.84 on the NSE, following the company's announcement that its board would meet later this week to consider a fundraising proposal along with its fourth quarter and full-year FY26 financial results.

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline

GTL Infrastructure saw over 10 crore shares traded, with the stock surging 11% during the session. The company reported a profit of ₹1,185.58 crore in Q4FY26, a significant improvement from a loss of ₹248.89 crore YoY. SAIL, another highly traded stock, jumped 13% during the session, with the company set to declare its Q4 results on 15 May.

Groww, a fintech company, saw more than 7 crore shares traded, with the stock jumping more than 6% during the session. The stock is looking set to snap its five-session losing streak, despite being down 11% so far in May after a stellar 43% jump in April.