In what seems to be the greatest fall in over two months, the markets tanked 1.50 per cent, owing to a panic sell-off by investors after Fed Chairman’s comments on an aggressive rate hike in the upcoming meeting for September.

Being one of the stocks with the highest turnover, it had a significant spurt in volume. The price-volume breakout has piqued the interest of investors.

The key equity barometers continued to trade with major losses on the first day of the week. 

Shares of Gautam Gems Ltd zoomed 14.21 per cent in today’s session and closed at Rs 11.17. In its board meeting held on August 20, the company decided and fixed Rs 44.30 crore as the Right Issue Size for the issue of 4,02,68,236 Equity Shares with Right Issue Price of Rs 11 per equity share. 

Stylam Industries Ltd produces a huge selection of premium decorative laminates, solid surfaces, speciality surfaces, PU+ lacquer coating, and compact laminates.

It was a one-way downward journey as Nifty plunged below the crucial 17,500 mark. The benchmark index slipped 1.51 per cent while Sensex tanked 872 points.

On Monday, the stock jumped nearly 79 per cent and it is trading at the level of Rs 50. The stock touched an intraday high of Rs 52.35 and a low of Rs 47.45.  

RBI discussion paper, issued earlier in August, expressed that the charges in UPI need to be levied in the same way as IMPS for fund transfer. This raised questions about the possibility of RBI charging fees for UPI payments, which has created a buzz among the general public.   

The shares of this company made a fresh 52-week high at Rs 33.50 a piece on August 22, 2022. The stock has been consistently hitting its 5 per cent upper circuit levels for the past two weeks and witnessed a spurt in volume by 2x on Monday.  

Markets started lower on the back of weak global trends. In this post, we have listed two stocks having a powerful technical setup.