Stocks below Rs 100: Only buyers seen in these scrips on May 11

Stocks below Rs 100: Only buyers seen in these scrips on May 11

Sayali Kotwal

At noon on Wednesday, the core equity indices i.e., Sensex and Nifty 50 fell sharply amidst weak global cues.     Asian markets gained as the inflation data released by the Chinese Government was not as bad as expected. This proved to be a relief for the Asian markets, which were trading higher by 1 per cent.

At noon on Wednesday, the core equity indices i.e., Sensex and Nifty 50 fell sharply amidst weak global cues.    

Asian markets gained as the inflation data released by the Chinese Government was not as bad as expected. This proved to be a relief for the Asian markets, which were trading higher by 1 per cent.

The investors are now looking forward to April inflation data that is set to be released on Wednesday by the US government.  

The crude oil price fell below $100 on Tuesday and is now trading at $102 per barrel. The 10- year US bond yield also dipped below the 3 per cent mark and is trading at 2.98 per cent.   

Sensex was at 53,980.43, down by 384.42 points or 0.71 per cent while Nifty was at 16,129.30, down by 110.75 points or 0.68 per cent from the last trading session.            

On BSE, 668 shares have advanced, 2,533 shares declined whereas 117 shares are unchanged.      

The Top Gainers in Nifty 50 pack are HDFC Life Insurance Company, Bharti Airtel, Kotak Mahindra Bank, SBI Life Insurance Company, and Axis Bank. Meanwhile, the top five stocks pulling down the index are Hindustan Unilever, Shree Cement, Tata Motors, NTPC, and Larsen & Toubro.  

BSE Smallcap index is trading at 25,549.75, down by 2.03 per cent. The top gainers in the pack were TD Power Systems, Zensar Technologies, Gujarat State Petroleum Ltd, Texmaco Rail & Engineering, and Elantas Beck India. Each of these stocks has gained more than 5 per cent. Similarly, the Top Losers include Techno Electric Engineering Company, Dishman Carbogen Amcis, Man Industries, Welspun India, and Indiabulls Housing Finance.  

All the sectoral indices were trading in the green with BSE Metal, BSE IT, and BSE FMCG being lower by more than a per cent each.  

Following is the list of low-priced stocks that were locked in the upper circuit on Wednesday. Keep a close eye on these counters for the upcoming sessions:         

Sr No

Stock Name

LTP

Price Change (%)

1

SSPDL Ltd

14.49

5

2

Tine Agro Ltd

22.05

5

3

Ganesh Films India Ltd

16

4.99

4

APLAB Ltd

22.15

4.98

5

Manaksia Coated Metals and Industries

23.25

4.97

 

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