Top Traded Stocks on NSE: Vodafone Idea, JP Power, Urban Company, MMTC Lead Trading Activity
Market Highlights
On March 18, the Sensex and Nifty 50 indices surged for the third consecutive session, driven by short covering amid positive global cues. The Sensex has gained 2,350 points, or 3%, while the Nifty 50 has jumped 700 points, or 3%, in the last three sessions.
Key Drivers
A slight decline in crude oil prices amid hopes that the US-Iran war may be nearing its end has contributed to the buying in the market. However, experts warn that uncertainty persists, and it is premature to discount the possibility of the war ending in the next few days.
Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data
Most Traded Stocks
The following stocks were among the most active on the NSE:
- Vodafone Idea: Over 36 crore shares changed hands, with the stock jumping 3% in intraday trade.
- Jaiprakash Power Ventures: Over 21 crore shares changed hands, with the stock surging 12% after the company announced an approval of its resolution plan by the NCLT.
- Urban Company: Over 10 crore shares changed hands, with the stock surging 19% during the session.
- MMTC: More than 9 crore shares changed hands, with the stock soaring 19% during the session.
Stock Performance
Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline
- Vodafone Idea: Down 19% year-to-date, compared to a 8% decline in the Nifty 50.
- Jaiprakash Power Ventures: Up 12% in the current session, after a 5% decline in March and an 11% crash in the stock price.
- Urban Company: Up 22% in March, while down 2% year-to-date.
- MMTC: Down 4% year-to-date, with the recent buying driven by a technical factor.
ETFs and Other Stocks
The following ETFs and other stocks were also among the most traded on the NSE:
- Nippon India Silver ETF
- IDBI Bank
- Gokul Agro Resources
- JBM Auto
- Reliance Power
- Nippon India ETF Nifty IT
- Nippon India ETF Gold Bees
- Tata Silver Exchange Traded Fund
- Tata Gold Exchange Traded Fund
- YES Bank
- GTL Infrastructure
- Eternal
- Suzlon Energy
- Filatex Fashions
- SEPC
- Ola Electric Mobility
Investor Takeaway
Investors should be cautious of the market's volatility and potential risks despite the current positive trend.
More in Market
Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data
US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline
Indian Stocks to Watch: BHEL, Agarwal Industrial, JBM Auto, Rajesh Exports, Indian Energy Exchange, Lenskart Solutions in Market Focus on June 4.
