Top Stocks on NSE: IDFC First Bank Among Most Traded Issues

Indian Stock Market Sees Healthy Buying Interest Amid Global Cues

The Indian stock market experienced a surge in buying interest on Monday, February 23, following positive global cues after the US Supreme Court struck down US President Donald Trump's tariffs under the International Economic Emergency Powers Act (IEEPA). In response, Trump announced new tariffs of 15% on the trading partners of the US.

The Nifty 50 index rose by almost 1% to an intraday high of 25,771. Key sectors and companies saw significant trading activity on the NSE around 2 pm. The most traded stocks were:

• IDFC First Bank: 58 crore shares changed hands, with the banking stock experiencing a 20% drop following a ₹590 crore fraud at its Chandigarh branch.
• Vodafone Idea: 28.5 crore shares traded, with the telecom stock falling 2.6% in intraday trade despite positive market sentiment.
• Morepen Laboratories: 9 crore shares changed hands, with the stock surging 19% in intraday trade after securing a ₹825 crore Contract Development and Manufacturing Organisation (CDMO) mandate from a leading global pharmaceutical company.
• Ola Electric Mobility: 8 crore shares traded, with the stock dropping 3% to hit a 52-week low of ₹25.70 during the session.
• Easy Trip Planners: 4.5 crore shares changed hands, with the stock falling 3% during the session amidst profit booking after soaring 41% last week following multiple bulk deals.

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

The trading activity in these stocks highlights the market's response to the changing global economic landscape and the impact of key sector developments on investor sentiment.