Top momentum stocks worth checking

Nifty 50 witnessed muted opening on D-Street today despite Wall Street closing in green. In this article, we have listed top stocks witnessing strong momentum.

After a powerful muhurat trading yesterday, Nifty 50 opened flat at 17,808.3, while its previous close was 17,730.75. This was despite Wall Street closing in the green. On Monday, key Wall Street indices ended in green amid signs of economic softness.

Nasdaq Composite jumped 0.86%, Dow Jones gained 1.34% and S&P 500 climbed 1.19% in overnight trade. Asian markets followed the cues from Wall Street trading higher on Tuesday.

At 2:00 p.m, Nifty 50 was trading at 17,706.9, down 23.85 or 0.13%. Broader market indices outperformed frontline indices. Nifty Mid-Cap 100 index was trading up by 0.68% and the Nifty Small-Cap 100 index gained 0.29%.

On BSE, the advance-decline ratio was negative with 1,906 stocks declining, 1,433 advancing and 124 remaining unchanged. On the sectoral front, PSU banks, automobiles, IT and metals were top performers, while sectors like FMCG, private banks, and realty were the bottom performers.

According to data as of October 21, FIIs were net buyers, while DIIs were net sellers. On the day of muhurat trading, FIIs were net sellers and DIIs were net buyers. Foreign Institutional Investors (FII) bought shares worth Rs 438.89 crore. Domestic Institutional Investors (DII) sold Rs 119.08 crore worth of shares.

Following is the list of top 10 momentum stocks.