
Most traded stocks today: Earing gains seen during early deals, the Indian stock market benchmarks- the Sensex and the Nifty 50- traded with significant losses around noon on Monday, 16 March, amid persisting concerns over crude oil prices above the $100 per barrel mark driven by the US-Iran war, heavy foreign capital outflow, and growing concerns over the economic ramifications of the conflict in the Middle East.
The Nifty 50 rose by about 0.60%, but quickly reversed and plunged almost 1%. The Sensex fell more than 1,000 points from its day's high.
Meanwhile, Vodafone Idea, IDBI Bank, YES Bank, Tata Silver Exchange Traded Fund, Tata Gold Exchange Traded Fund, Suzlon Energy, Adani Power, SEPC, Dharan Infra-EPC, ITI, and Nippon India ETF Gold BEES were among the most traded stocks on the NSE around 11:30 am.
Ola Electric Mobility, Nippon India Silver ETF, Reliance Power, Aditya Birla Sun Life Nifty IT ETF, IFCI, MRPL, Eternal, and Tejas Networks were also among the most traded stocks.
Vodafone Idea: More than 33 crore shares had changed hands by 11:30 am on Monday as the stock jumped more than 5% during the session, looking set to snap its three-day losing run. On a weekly basis, the telecom stock plunged 8% last week, even as on 11 March it said it would meet institutional investors in Singapore on 16 March and in Hong Kong on 17 March.
IDBI Bank: More than 7 crore shares had changed hands on the NSE as the stock crashed more than 16% during the session amid reports that the Indian government has scrapped plans to divest the PSU banking stock after offers received fell below the minimum price expectation, dampening investor sentiment.
YES Bank: Over 6 crore shares had changed hands by 11:30 am. YES Bank shares declined more than 3% intraday, looking set to extend losses for the fourth consecutive session. Last week, the stock fell nearly 7%, extending losses to the third consecutive week.
Suzlon Energy: More than 5 crore shares changed hands as the stock climbed about 2%, but traded volatile. Suzlon Energy's share price rose by 3.5% last week, snapping a four-week losing streak.
Adani Power: Adani Power shares climbed more than 5% as more than 5 crore shares changed hands after the company said it had received a letter of award from Maharashtra State Electricity Distribution Company Limited for the supply of 1600 MW thermal power under a long-term power supply agreement.
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Nishant is a market reporter at Mint, where he holds the official designation of Principal Correspondent – Markets. He has been closely tracking the Indian stock market as well as major global stock markets along with the broader macroeconomic trends for a decade. <br><br> He is obsessed with breaking down complex financial and economic concepts into clear and engaging stories. He focuses not only on what is happening in the markets, but also why it matters. <br><br> His coverage includes stock market trends, sector rotations, monetary and fiscal policy developments, inflation, growth data, and personal finance strategies. <br><br> With nearly 10 years of experience in covering financial markets, Nishant has covered bull markets, corrections, policy transitions, and macro developments that has equipped him with a deep understanding of how domestic and global forces shape markets and affect investments. <br><br> He regularly interviews market veterans, fund managers, economists, policymakers, and corporate leaders to provide readers with a 360-degree view of market dynamics and the broader economic landscape. <br><br> Before joining Mint, Nishant worked with some of India’s most respected business newsrooms, including The Economic Times and Moneycontrol, where he reported extensively on the stock market, corporate earnings, macroeconomic trends, GDP, inflation, monetary policies of the RBI and the US Federal Reserve, bonds, and currencies. <br><br> Apart from economics and investing, he has interests in geopolitics and emerging technologies, such as AI.
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