Nifty 50 Today Stays Volatile After Extending Below 16,000

Nifty 50 Today Stays Volatile After Extending Below 16,000

Nifty 50 today was in the ‘green’ after a series of bearish sessions for some time after it opened. This Indian stock market index, however, remained volatile. The Nifty 50  index extended below the 17,000 mark recently for the second time in recent weeks. This was another big hit after the repeated bearish sessions that it has been experiencing.

The Indian stock market indices have been suffering lately due to the fact that bears are overpowering the market. In addition, stock traders are also exiting their risky investments. This has been detrimental to the Nifty 50 Index in such a manner that it is too volatile today. After reaching a high of 17,071.65 after opening at 17,025.55, the index reached a low of 16,960.60. Nifty 50 today was down by 0.12% as it traded at 16,962.40 (losing 21.15 points) at the time of writing.

On the other hand, the BSE Sensex India also saw a similar performance and remained volatile as well. However, it was in the ‘green’ at the time of reporting. Sensex India was up by 0.05% and traded at 57,175.47 (gaining 28.15 points). In addition, there were instances of it swinging into the ‘red’ from the green just as volatile as any other stock option.

Nifty 50 Today Gainers’ List

The top Indian stocks that were in the ‘green’ while the Nifty 50 index was seen fluctuating have been noted below. About more than 30 stocks were advancing initially but by the time we started drafting this article only 23 out of 50 stocks were gaining. This means that the Nifty 50 today might witness other stocks extending into the ‘red’ as well.

1. Bharat Petroleum Corporation Limited

Bharat Petroleum Corporation Limited (NSE: BPCL) saw its stock go up by 2.87% and trade at ₹308.35 (up by 8.60 points) at the time of writing in the trading session today. The total trade volume was 27,39,983, which was worth ₹8,375.31 lakhs.

2. Power Grid Corporation Of India Limited

Power Grid Corporation Of India Limited (NSE: POWERGRID) saw its stock gain by 2.57% and trade at ₹213.70 (up by 5.35 points) at the time of writing in the trading session today. The total trade volume was 1,27,47,362, which was worth ₹27,181.20 lakhs.

3. Coal India Limited

Coal India Limited (NSE: COALINDIA) saw its stock increase by 2.33% and trade at ₹230.70 (up by 5.25 points) at press time in the trading session today. The total trade volume was 42,73,166, which was worth ₹9,813.75 lakhs.

4. Bajaj Auto Limited

Bajaj Auto Limited (NSE: BAJAJ-AUTO) saw its stock increase by 2.02% and trade at ₹3,600.00 (up by 71.25 points) at the time of drafting this article in the trading session today. The total trade volume was 95,426, which was worth ₹3,412.74 lakhs.

5. Axis Bank Limited

Axis Bank Limited (NSE: AXISBANK) saw its stock rise by 1.70% and trade at ₹798.90 (up by 13.35 points) at the time of reporting in the trading session today. The total trade volume was 60,83,563, which was worth ₹48,360.68 lakhs.

The Nifty 50 today is volatile also due to the inflation factor. However, the data is yet to be screened. Moreover, we expected that the situation is not going to change any time soon. Therefore, be extremely cautious while investing in this Indian stock market index. Further, the BSE Sensex India index is also performing dynamic enough.

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Sahil Patil

Investing decisions should be precise and correct as that involves huge sums of money. So if you have to consider a good investment advisor, then you can surely count on Sahil Patel. He has been in the investing business for the last 5 years and will surely help you in your investment decisions.

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