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  1. New India Assurance, Star Health, CDSL surge amid spike in trading activity; check full list

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New India Assurance, Star Health, CDSL surge amid spike in trading activity; check full list

SUMMARY

Nine of 15 major sector gauges compiled by the National Stock Exchange (NSE) were trading higher led by the NIFTY PSU Bank index's 0.7% gain.

Stock Market

Trading volume in New India Assurance Company jumped by 37 times to 4.64 crore shares compared with an average volume of 12.52 lakh shares. Image: Shutterstock

The Indian equity benchmarks were trading on a flat note in noon deals on Thursday, June 18, as losses in index heavyweights like Infosys, Tata Consultancy Services, Larsen & Toubro, Reliance Industries, Kotak Mahindra Bank and Bharti Airtel were offset by gains in HDFC Bank, State Bank of India, ICICI Bank, Bharat Electronics, Trent and Axis Bank.

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As of 12:00 pm, the SENSEX was up 10 points at 77,166 and NIFTY50 index advanced 9 points to 24,095.

On the sectoral front, nine of 15 major sector gauges compiled by the National Stock Exchange (NSE) were trading higher led by the NIFTY PSU Bank index's 0.7% gain. NIFTY Media, Healthcare, Bank and Financial Services indices also rose between 0.2% and 0.5%.

On the flip side, IT, oil & gas and consumer durable shares were witnessing selling pressure.

Here are stocks witnessing heavier than usual trading volumes:
New India Assurance: Shares of the state-run insurer surged as much as 14.24% to hit an intraday high of ₹188.50 as the company is planning to sell 1 crore NSE shares in the upcoming IPO.

Trading volume in the stock jumped by 37 times to 4.64 crore shares compared with an average volume of 12.52 lakh shares.

On the BSE, a total of 19 lakh shares changed hands compared with an average volume of 80,000 shares traded daily in the past two weeks.

Star Health and Allied Insurance: Shares of the country's leading private sector health insurer advanced as much as 8.8% to touch an intraday high of ₹580 amid spike in trading activity.

Trading volume jumped by 6.5 times to 34.63 lakh shares on the NSE compared with an average of 5.33 lakh shares.

On the BSE, 2.02 lakh shares changed hands compared with an average of 1.8 lakh shares traded daily in the past two weeks.

Carborundum Universal: Shares of the country's leading abrasives and bearings maker climbed as much as 12% to touch an intraday high of ₹1,267.85.

Trading volume in the stock rose 5.6 times to 15.13 lakh shares compared with an average volume of 2.7 lakh shares.

On the BSE, a total of 1.11 lakh shares changed hands compared with an average of 12,000 shares traded daily in the past two weeks.

CDSL: Shares of the depository services provider rose as much as 8% to ₹1,397. Trading volume jumped 3.9 times to 69 lakh shares compared with an average volume of 17.5 lakh shares.
Anthem Biosciences: Shares of the biotechnology company rose as much as 5.6% to hit an intraday high of ₹811 amid spike in trading activity.

Volume on NSE jumped 3.6 times to 12.91 lakh shares compared with an average volume of 3.63 lakh shares.

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Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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