Low Price Shares locked in Upper Circuit on 18-october-2022

Domestic equity markets were trading higher on Tuesday amid strong global cues and falling crude oil prices. 

Nifty50 climbed over 150 points to trade around 17,500 levels while S&P BSE Sensex gained over 600 points to trade at 58,900 levels. The indices retrieved 17,500, and 59,000 levels, respectively on an intraday basis.

List of Low Price Shares Today: 18-october-2022

Following is the list of low price stocks locked in the upper circuit on October 18. Keep a close eye on these counters for the upcoming sessions.

The stocks of SBI, Bharti Airtel, Mahindra & Mahindra, Ultratech Cement and L&T were the top contributors to Sensex whereas NTPC, Sun Pharmaceutical Industries, HDFC and Tech Mahindra were the only Sensex losers.

On the sectoral front, all sectors traded higher with FMCG, Telecom, Capital Goods and Realty were on the forefront. BSE Capital Goods Index gained 1.72% lifted up by Suzlon Energy, Siemens and Bharat Electronics. Expected healthy order books and price increases over the past year are likely to lead to an uptick in demand for capital goods companies and this infused optimistic sentiments in capital goods stocks. The broader markets also jumped in tandem as Nifty MidCap 100 and Nifty SmallCap 100 zoomed 0.7% each.

Among individual stocks, shares of Zee Entertainment gained over 4% after Invesco Developing Markets Fund sold a 10.14% stake through a block deal. The shares of Adani Transmission zoomed over 2% post a 13% jump in the number of electricity units sold during Q2FY23.