IFGL Refractories, Repro India, Sundaram Clayton among stocks witnessing high volume today

The Indian stock market was witnessing a sharp rally on Monday, May 12, during the afternoon trade as geopolitical tensions between India and Pakistan eased.

At 2 PM, the S&P BSE SENSEX soared 2,657.61 points, or 3.34%, at the 82,112.08 level, while NSE’s NIFTY50 was at the 24,833.15 level, surging 825.15 points, or 3.44%.

On the NIFTY50 index, Adani Enterprises (7.46%), Infosys (7.38%), Shriram Finance (7.22%), HCL Technologies (6.41%) and Wipro (5.98%) were the top gainers.

On the other hand, Sun Pharma and IndusInd Bank were the only losing scrips, tumbling 3.65% and 3.47%, respectively.

On Monday, counters of IFGL Refractories, Repro India, N.B.I. Industrial Finance Company, Sundaram Clayton and Inspirisys Solutions were among the ones witnessing the highest spurt in trading volumes on the NIFTY50 index.

A volume in the stock volume is the number of shares traded in a specific period. A spurt in volume means the stock is witnessing a lot of interest or activity happening around the equity market.

Market investors use this metric to determine their interest in a stock.

As per the stock exchange data, the number of IFGL Refractories shares that changed hands on Monday was over 36.67 times higher than the daily average on the stock counter.

Following that, volumes at Repro India were 18.42 times higher than the daily average; however, the N.B.I. Industrial Finance Company counter saw 15.33 times higher volume than the daily average.

Similarly, counters of Sundaram Clayton and Inspirisys Solutions witnessed 15.32- and 14.92-times higher volume than the daily average, respectively. Volumes at the Northern Arc Capital counter were 12.35 times higher than the daily average.

Counters of Man Industries (India) and ICICI Prudential BSE 500 ETF saw 9.36 times and 9.24 times higher trading volumes during the day.

Punjab Chemicals & Crop Protection and Baid Finserv saw 8.79 times and 8.56 times higher volumes, respectively.