Vodafone Idea, Ola Electric, Adani Power Among Most Traded Stocks on NSE Today

Indian Stock Market Sees Selling Pressure Amid Higher Crude Oil Prices

The Indian stock market experienced selling pressure in intraday trade on Monday, April 6, as higher crude oil prices and mixed global cues weighed on investor sentiment. The equity benchmark Nifty 50 declined by 0.75% during the session, with the shares of Reliance, Bharti Airtel, and Kotak Mahindra Bank among the top drags on the market.

Despite the decline, several stocks saw significant trading activity on the National Stock Exchange (NSE). Some of the most traded stocks, or most active stocks in terms of volume, on the NSE included Vodafone Idea, Ola Electric Mobility, Adani Power, Reliance Power, YES Bank, Jaiprakash Power Ventures, Tata Gold Exchange Traded Fund, Tata Silver Exchange Traded Fund, Suzlon Energy, and PC Jeweller. Other notable stocks that saw high trading volumes included NMDC, GTL Infrastructure, Zerodha Gold ETF, HDFC Bank, Nippon India ETF Gold Bees, IRB Infrastructure Developers, HCC, V-Mart Retail, Zerodha Nifty 1D Rate Liquid ETF, and Zydus Wellness.

Vodafone Idea was among the top traded stocks on the NSE, with more than 31 crore shares changing hands as the stock climbed nearly 1% in a weak market. This comes after the company added subscribers after a gap of almost five years, with a net gain of 21,927 users in February, taking its base to 198.4 million, according to Trai data.

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Ola Electric Mobility also saw significant trading activity, with over 26 crore shares changing hands while the stock jumped more than 7% during the session. The stock has been rising after the company announced a strong comeback in business performance, with registrations surging 150% year-on-year to 10,117 units during the month, according to VAHAN data.

Adani Power was another stock that saw significant trading activity, with more than 11 crore shares changing hands as the stock climbed more than 3%. The company recently received a letter of award from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply of 2500 MW RE RTC power for a period of 25 years.