Watch out for these solid breakout stocks in the second half of today's session

Watch out for these solid breakout stocks in the second half of today's session

Henil Shah
/ Categories: Trending, Mindshare

On Wednesday, Nifty 50 opened higher on the back of solid global trends. In this post, we have highlighted the top stocks for the second half with a solid positive breakout.

On Wednesday, Nifty 50 began higher at 18,325.2, compared to yesterday's close of 18,244.2. This was due to strong global trends. Leading Wall Street indices closed the day higher on Tuesday as Best Buy's sales projection allayed fears that the holiday shopping season might not be negatively impacted by higher inflation. Furthermore, the increase in oil prices fuelled a rally in energy stocks.

 

In overnight trade, Nasdaq Composite climbed 1.36 per cent, Dow Jones rallied 1.18 per cent, and S&P 500 ascended 1.36 per cent. S&P 500 ended the session at a two-and-a-half-month high. On Wednesday, Asian markets rose in response to the overnight spike on Wall Street. However, investors are nonetheless wary of growing Covid instances in China.

 

Nifty 50 was trading at 18,276.05 at 1:50 p.m., up 31.85 points or 0.17 per cent. Broader market indices outpace frontline indices. Nifty Mid-Cap 100 index gained 0.33 per cent, while the Nifty Small-Cap 100 index was up 0.59 per cent.

 

According to November 22 statistics, FIIs were net sellers, while DIIs were net buyers. Foreign Institutional Investors (FII) sold Rs 697.83 crore worth of shares. Domestic Institutional Investors (DII) bought shares worth Rs 636.39 crore.

 

The following is a list of solid breakout stocks for the second half of today’s session.

 

Stock Name

CMP (Rs)

Change (%)

Volume

RHI Magnesita India Ltd.

796.0

13.0

43,30,083

Gujarat Narmada Valley Fertilizers and Chemicals Ltd.

628.2

6.1

55,58,188

Mazagon Dock Shipbuilders Ltd.

892.5

3.0

1,23,37,741

KPIT Technologies Ltd.

719.1

5.2

42,13,722

State Bank of India

607.2

1.4

76,58,375

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