Top Stocks on the National Stock Exchange (NSE) See High Trading Activity

Indian Stock Market Update: March 6, 2024

The Indian stock market continued its downward trend on Friday, March 6, with the Nifty 50 falling by almost 1% to an intraday low of 24,575. The Sensex also fell by over 600 points, or nearly 1%, to the day's low of 79,395. This decline is attributed to persisting concerns over the US-Iran war and its macroeconomic fallout due to crude oil price surge.

The market is heavily influenced by crude prices, with Brent crude currently trading around the $85 level. According to VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, a significant spike in crude prices above $90 and towards $100 could impact global markets.

The most traded stocks on the NSE included:

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• Vodafone Idea: Nearly 18 crore shares changed hands, with the stock gaining over 1% despite weak market sentiment.
• Filatex Fashions: Nearly 6 crore shares changed hands, with the stock hitting an all-time low of ₹0.19 and falling by 5%.
• Navkar Urbanstructure: Over 3 crore shares changed hands, with the stock hitting an all-time high and lower circuit of ₹1.05 on the NSE, falling by 5%.
• Suzlon Energy: More than 3 crore shares changed hands, with the stock climbing nearly 2% in intraday trade on the NSE.

Other notable stocks among the most traded on the NSE included Jupiter Wagons, Ircon International, Dharan Infra-EPC, IRFC, DCX Systems, Nippon India Silver ETF, NMDC, PC Jeweller, Ola Electric Mobility, Nippon India ETF Gold BEES, and Bharat Electronics (BEL).