In today’s trading session, several stocks have hit their upper circuit limits, displaying only buyers in the market. Investors can monitor the demand and supply for these stocks by observing the number of pending buy orders. This data can help gauge whether the demand will continue in the following sessions, potentially leading to a price rise. It’s also crucial to keep track of any decrease in pending buy orders as it could signal a change in demand or a rise in supply.
Amid broader market declines, with the Sensex extending its losses for the fourth day and plunging over 1,800 points, and the Nifty slipping more than 550 points, there have been specific stocks that have locked in an upper circuit. While most sectors are in the red, these stocks are showing strong buying interest despite the negative market sentiment.
Stocks on Upper Circuit:
- The Grob Tea
Last Price: ₹1273.60
Change: +₹212.25 (+20% over 5 days) - ITD Cementation
Last Price: ₹643.55
Change: +₹105.75 (+19.66% over 5 days) - Malu Paper
Last Price: ₹53.48
Change: +₹8.05 (+17.72% over 5 days) - Lexus Granito
Last Price: ₹48.07
Change: +₹6.55 (+15.78% over 5 days) - BAG Films
Last Price: ₹13.15
Change: +₹1.16 (+9.67% over 5 days) - Infibeam Avenue
Last Price: ₹31.63
Change: +₹2.33 (+7.95% over 5 days) - Keynote Finance
Last Price: ₹293.15
Change: +₹17.85 (+6.48% over 5 days) - Kapston Service
Last Price: ₹245.04
Change: +₹14.63 (+6.35% over 5 days) - Parag Milk Food
Last Price: ₹210.98
Change: +₹10.61 (+5.30% over 5 days) - Asian Hotels
Last Price: ₹217.04
Change: +₹10.33 (+5.00% over 5 days) - Ravindra Energy
Last Price: ₹137.88
Change: +₹6.56 (+5.00% over 5 days)
These stocks have shown strong resilience and are currently locked in the upper circuit, demonstrating high demand. It’s important for investors to continue monitoring the buy-sell dynamics to make informed decisions.
Meanwhile, the overall market continues to show downward pressure, with the Sensex and Nifty off by nearly 4% from their recent highs. Market volatility, as indicated by the India VIX spiking over 12%, has been high, and this has had a significant impact on both mid-cap and small-cap indices, which have slipped up to 2%.
On Thursday, Israel targeted a Russian weapons depot located on Syria’s west coast, according to reports. Israeli military sources stated that the operation’s goal was to prevent the transfer of advanced weapons to Hezbollah, a militant group that has been retaliating against Israel’s ongoing airstrikes. The heightened geopolitical tensions, such as the conflict involving Israel and regional militancy, can contribute to market downturns. Investors tend to be risk-averse during such volatile times, leading to broader sell-offs in the stock markets. Heightened tensions often bring uncertainty, affecting oil prices, commodity markets, and overall investor sentiment, which can drive the markets down further.
