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Price Action: IFCI, Axis Bank gain even as CDSL, NALCO, Cochin Shipyard decline; volumes spike in HAL, Adani Ports
Price Action: IFCI, Axis Bank gain even as CDSL, NALCO, Cochin Shipyard decline; volumes spike in HAL, Adani Ports
About this update from Ifci Limited
Indian equities saw stock-specific action on Thursday, with several stocks registering gains and losses amid a broadly range-bound market, while trading activity remained concentrated in select counters.Among the gainers, IFCI rose 1.93 percent to Rs 62.37, supported by buying interest. Axis Bank also edged higher, gaining 0.46 percent to Rs 1,365.30.On the downside, Central Depository Services Limited declined 1.77 percent to Rs 1,368.50. National Aluminium Company fell 2.44 percent to Rs 428.05, while Cochin Shipyard slipped 0.54 percent to Rs 1,552.60.Among the most active stocks on the NSE by traded value, Hindustan Aeronautics Limited saw transactions worth Rs 107 crore, even as the stock declined 1.10 percent. CDSL recorded turnover of Rs 108 crore, while Cochin Shipyard and NALCO saw trading activity of Rs 114 crore and Rs 117 crore, respectively.Adani Ports and Special Economic Zone remained active with traded value of Rs 115 crore and was marginally higher by 0.12 percent at Rs 1,575.30.Market participants said stock-specific action continues to dominate, with investors closely tracking volumes along with price moves for directional cues. High trading activity in select stocks indicates continued interest despite the broader market remaining range-bound.