All NIFTY50 stocks in green; Vijaya Diagnostic, One Point One Solutions, Cholamandalam Financial among stocks that saw spurt in volumes today

The benchmark equity market rebounded and was trading nearly 2% higher during the afternoon trade on Tuesday, April 8, tracking gains in its Asian peers.

At 2:52 PM, the S&P BSE SENSEX was trading at the 74,307.46 level, soaring 1,169.56 points, or 1.60%, while the NSE's NIFTY50 index jumped 399.85 points, or 1.8%, to 22,561.45.

All stocks on NIFTY50 were trading positively during the afternoon session. Jio Financial Services, Shriram Finance, Titan, Adani Enterprises and Zomato were the most gaining scrips, surging as much as 5.25% on the National Stock Exchange.

Axis Mutual Fund – Axis NIFTY Bank ETF, Vijaya Diagnostic Centre, One Point One Solutions, Mittal Life Style and Five-Star Business Finance were the highest-volume gainers during the intraday period on NSE.

A volume in the stock volume is the number of shares traded in a specific period. A spurt in volume means the stock is witnessing a lot of interest or activity happening around the equity market. Market investors use this metric to determine their interest in a stock.

According to National Stock Exchange (NSE) data, counters of Axis Mutual Fund – Axis NIFTY Bank ETF – witnessed the most volume exchange in its counters. The number of Axis Mutual Fund – Axis NIFTY Bank ETF shares that changed hands during afternoon trade on Tuesday was over 34.81 times higher than the daily average on the stock counter.

Similarly, volumes at Vijaya Diagnostic Centre counters were 19.13 times higher than the daily average, while One Point One Solutions counters witnessed 12.14 times higher than the daily average.

Counters of Mittal Life Style Limited and Five-Star Business Finance Limited marked 9.75 and 9.73 times higher volume than the daily average, respectively. Volumes at both Cholamandalam Financial Holdings Limited and Precot Limited counters were 8 times higher than the daily average.

Further, counters of Sanofi Consumer Healthcare India and S Chand and Company saw 7.65 times and 7.59 times higher trading volumes during the day. Silly Monks Entertainment also marked a higher volume of 7.15 times than the daily average on Tuesday.