Stocks below Rs 100: Only buyers seen in these scrips on May 26

Sayali Kotwal
/ Categories: Trending, Mindshare
Stocks below Rs 100: Only buyers seen in these scrips on May 26

 The Asia Pacific markets are giving a mixed reaction after the Minutes of Federal Reserve's May meeting indicated that the bank may hike the interest rate by 50 basis points again in the month of June and July. The Fed is keeping a keen eye on the inflation levels as well as on the rising crude oil prices.

 At 11.30 am on Thursday, the core equity indices i.e., Sensex and Nifty 50 were reaching their day's low, after opening flat in the morning session. 

 The Asia Pacific markets are giving a mixed reaction after the Minutes of Federal Reserve's May meeting indicated that the bank may hike the interest rate by 50 basis points again in the month of June and July. The Fed is keeping a keen eye on the inflation levels as well as on the rising crude oil prices. The US dollar also rose as a result of this announcement.  

In the US markets, the tech-heavy Nasdaq index was up by 1.5 per cent on Wednesday, as the chip manufacturing company Nvidia gave a meek guidance report in its first Quarterly Results. On the other hand, S&P 500 index and Dow Jones index were up by 0.95 per cent & 0.60 per cent, respectively.  

The crude oil price was up by 0.53 per cent and was trading at $110.86 per barrel while the 10-year US Treasury bond yield was unchanged at 2.745 per cent.  

  Sensex was at 53,450.53, down by 300. 61 points or 0.56  per cent while Nifty gave up its 16,000 level mark and was at 15,918.05, down by 110.10 points or 0.69 per cent from the last trading session.            

  On BSE, 753 shares have advanced, 2,371 shares declined whereas 121 shares are unchanged.      

 The Top Gainers in Nifty 50 pack are HDFC Bank, HDFC, Nestle India, Axis Bank, and ICICI Bank. Meanwhile, the Top Losers pulling down the index are Asian Paints, Adani Ports, UPL, BPCL, and ITC.

BSE Smallcap index is trading at 24,762.38 down by 1.44  per cent. The top gainers in the pack were ITI (up by 11.15 per cent), AIA Engineering, Thyrocare Technologies, Shalimar Paints, and Sanghvi Movers. Each of these stocks has gained more than 5 per cent. Similarly, the top losers include Sequent Scientific, Globus Spirits, Andhra Petrochemicals, Suzlon Energy, and LT Foods.   

On the sectoral front, all the sectors were in the red with BSE IT, BSE Realty, and BSE CDGS being down by more than 3 per cent each. Meanwhile, BSE Private Bank and BSE Finance were the only ones in the green.  

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

Sr. no.   

Stock name   

LTP   

Change (per cent)  

1  

Kohinoor Foods   

36.6  

4.87  

2  

Shanti Overseas   

32.1  

4.9  

3  

Rex Pipes and Cables   

33.1  

4.91  

4  

Salasar Exteriors   

86.95  

4.95  

5  

Hindprakash Industries   

72.65  

4.99  

6  

Hindustan Motors   

13  

9.7  

7  

Global Education   

92.65  

4.99  

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