Mumbai: Despite weak global cues, the Nifty 50 index opened higher today. In this article, we are looking at top stocks that are going through a price volume breakout. Nifty 50 index opened at 17,622.85. It had closed at 17,563.95 in the previous session. Despite weak global cues, the domestic stock market is seeing a rally. On Thursday, the US stock market closed with a fall. Wall Street slumped after Strong Weekly job claims and the Fed’s scathing statement from Philadelphia President Patrick Harker. It is believed that the US Fed Reserve may continue to increase interest rates aggressively to contain inflation. This has increased the risk of recession. The Nasdaq Composite closed down 0.61% on Thursday. Similarly, the Dow Jones declined 0.3 percent and the S&P 500 fell 0.8%.
At 12:40, the Nifty 50 index was trading 69.45 points or 0.4% higher at 17,633.4 points. The broader market index has outperformed the frontline index. Nifty Mid-Cap 100 Index was trading 0.26 percent lower and Nifty Small-Cap 100 Index was trading 0.12% higher. As on October 21, FIIs were net buyers and DIIs were net sellers. Foreign institutional investors bought shares worth Rs 1,864.79 crore while domestic institutional investors sold shares worth Rs 886.8 crore. Here is a list of stocks that are undergoing price volume breakout.
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