A solid positive breakout is seen in these stocks; do you own them?

Nifty 50 started lower on the back of negative global trends. In this post, we have curated a list of top stocks that are experiencing a solid positive breakout.

Nifty 50 began lower today at 17,593.85 on the back of negative global cues. The major Wall Street indices declined for the third time in a row. This was due to the US Fed's unexpected rate move and hawkish stance on inflation.

On Thursday, Nasdaq Composite ended down 1.37 per cent, Dow Jones declined 0.35 per cent, and S&P 500 plunged 0.84 per cent. Even Asian counterparts followed the bearish cues from Wall Street's overnight session.

Nifty 50 was trading at 17,443.55 at the time of writing, down 186.25 points (1.06 per cent). Broader market indices traded in line with frontline indices. Nifty Mid-Cap 100 index fell 1.16 per cent, while Nifty Small-Cap 100 index was down 1.04 per cent.

On BSE, the advance-decline ratio was not promising. Around 2,115 stocks fell, 1,105 rose, and 166 stayed unchanged. All sectors traded in the negative territory, except for IT and pharma. Banks, media, automobiles, and realty were the biggest losers.

FIIs were net sellers and DIIs were net purchasers on September 22. Foreign Institutional Investors (FII) sold Rs 2,509.55 crore worth of shares. Domestic Institutional Investors (DII) bought shares worth Rs 263.07 crore.