IFCI, Cinemax most traded in terms of volume on BSE

IFCI topped the volume chart for the second day in a row after NSE allowed fresh positions in the derivatives segment of the scrip.

Newly-listed Cinemax India followed by IDBI, Himachal Futuristic Company, Reliance Natural Resources, Infrastructure Development Finance Company, Gujarat Ambuja Cement, Hindalco Industries and Tata Teleservices were the other volume toppers for today.

IFCI surged 8.07% to close at Rs 28.80, on a massive 3.26 crore shares after NSE removed curbs on fresh positions in the derivative contracts of the company. The scrip has clocked an average daily volume of 61.75 lakh shares in the past one year.

Theater chain operator Cinemax India debuted today and a huge 1.09 crore shares changed hands. The stock debuted at Rs 175, hit a low of Rs 145 as also a high of Rs 178.90. The scrip closed at Rs 152.35 compared to the IPO price of Rs 155.

On the third position, IDBI rose 3.67% to close at Rs 91.90 on a huge volume of 56.68 lakh shares, compared with an average daily volume of 11.04 lakh shares in the past one year.

The other high volume gainers were Himachal Futuristic Company, at 74.76 lakh compared with yesterday’s volume of 46.97 lakh shares (The scrip’s average daily volume is 26.49 lakh shares in the past one year), Reliance Natural Resources at 44.35 lakh shares compared with yesterday’s 50.64 lakh (33.45 lakh shares was the average daily volume in the past one year), Infrastructure Development Finance Company at 23.54 lakh shares (18.22 lakh shares), Gujarat Ambuja Cement at 40.75 lakh shares compared with yesterday’s 48.12 lakh shares (16.82 lakh shares), and Tata Teleservices at 36.61 lakh shares compared with yesterday’s 48.83 lakhs (17.19 lakh shares).

The bourses were gripped by extreme volatility running for the fourth straight day, as a host of factors including a hike in CRR rates outweighed any bullish sentiment. The Sensex managed to settle above the 14,000 level, as strong buying, most of which can be attributed to short-covering in derivatives, at lower level kept the losses within manageable limits.

The 30-shares BSE Sensex lost 81.08 points, at 14,009.90. It had opened lower, at 13,990.41, and plunged to 13,805.36 under intense pressure. Value-buying, however, propelled the Sensex from the lower level in the late-afternoon session. The BSE Sensex also hit a fresh high of 14,036.61, as buying picked up.

Surprisingly, the S&P CNX Nifty was up 2.55 points, to 4,047.10, due to a higher weightage of Wipro, which sustained strength throughout the day.