Sectorally, buying was seen in capital goods, IT, consumer durables, auto, and bank stocks while power, utilities, healthcare, and telecom stocks witnessed selling pressure
After Tuesdays correction in the small and midcap space, many pharma stocks gave a good up move by forming a new all-time high on Wednesday. Ajanta Pharma gave an excellent breakout in daily and weekly timeframe but gave back gains in the second half
Buying was seen in realty, utilities, metal, power and capital goods on Tuesday while selling was seen in telecom, FMCG and healthcare. Stocks that were in focus on Tuesday include names like Finolex Industries that gained over 7%; BEML that rose over 13% and Gujarat Pipavav Port that closed with gains of over 7%.
Stocks that were in focus include names like GMR Airport Infrastructure, which was up more than 9% to hit a fresh 52-week high, APL Apollo Tubes, which rose more than 4%, and MTAR Technologies, which closed with gains of nearly 4% to a fresh high on Thursday.