D-Link (India) hit a record high of Rs 556.75, as they rallied 17 per cent on the BSE in Tuesday's intra-day trade amid heavy volumes on healthy outlook.
Q2 results 2023 news: Apart from the Dussehra stock market holiday, widely tracked companies such as Reliance Industries and Maruti Suzuki will declare their earnings this week.
Based on the OI percentage, 51 stocks were on the short-covering list. These included Petronet LNG, Deepak Nitrite, Coforge, Hindustan Petroleum Corporation and Can Fin Homes
D-Link India was down nearly 4 percent to Rs 225. Ace investor Ashish Kacholia has sold further 3.69 lakh equity shares in the networking products manufacturer at an average price of Rs 227.91 per share.
Based on the OI percentage, 85 stocks, including Britannia Industries, United Breweries, Can Fin Homes, Navin Fluorine International and Hindustan Aeronautics, saw long buildups.
Based on the open interest future percentage, we have seen a short build-up in a total of 63 stocks on Wednesday including LIC Housing Finance, Max Financial Services, Nifty Financial, City Union Bank, and Dixon Technologies.
Markets expected to remain volatile amid worries about inflation and its impact on corporate earnings, while also fuelling concerns over aggressive US Fed rate hikes in the near term. However, stock specific action may continue as earnings season progresses.