DSIJ Mindshare

BSE SmallCap Index closed at down by 0.18 per cent while BSE Sensex managed to shut shop at 55629 levels, down by 0.29 per cent.

Few IT stocks were seen trending and bucking the broader trend in the markets on Wednesday. IT stocks such as Intense Technology, MRO Tek, HCL Info Systems, BCG and Cambridge Technology were seen locked in the upper circuit.  

Despite Nifty index losing nearly 150 points from the day’s high, it did not breach its prior trading low. Moreover, India VIX, a gauge of the market’s expectation of volatility over the near term, dropped nearly 4 per cent, which suggests that there is no fear among the market participants now.  Considering this, the T20 breakout system has hand-picked the following stocks for the coming trading sessions. 

The equity markets are observing a rally by large-cap stocks in the month of August, which is driving the benchmark indices to higher levels, while the broader market is playing in a consolidation zone. Mid-caps and small caps are now experiencing some profit booking after rallying for the last few months. This is perhaps a fit sign for the market. 

The market opened in green on August 18, 2021.