Market News
3 min read | Updated on March 07, 2025, 12:20 IST
SUMMARY
The top gainer was Sun Pharma Advanced Research Co. Ltd (SPARC) that surged nearly 13% in trade on Friday. This takes the stock’s rally to 25% for the week ended March 7. The other major gainer was defence stock Data Patterns (India) Ltd that jumped as much as 11.1% in intra-day trade on the NSE.
Data Patterns to Quess Corp: These stocks see volume surge as NIFTY surpasses 22,600 | Image: Shutterstock
India’s benchmark equity stock indices NIFTY and SENSEX were trading only marginally higher on Friday, March 7, after jumping nearly 2% in the past two sessions. The market breadth was positive, with the stocks trading in the green outnumbering the stocks trading in the red by a wide margin.
Top gainer | Gain over previous close |
---|---|
Sun Pharma Advanced Research Co. Ltd | 12.8% |
Data Patterns (India) Ltd | 11.1% |
Inox Wind | 9.2% |
Triveni Turbine | 7.9% |
Titagarh Rail Systems Ltd | 6.9% |
The stock that witnessed a sharp rise in trading volumes on Friday was footwear company Metro Brands Ltd. According to data on exchanges, the number of shares that changed hands on the stock counter by early noon session on Friday was almost 5 times higher compared to the daily average.
Metro Brands was in focus as the stock started trading ex-dividend today. The company had fixed March 7 as the record date to determine the eligible shareholders for dividend payout.
Data Patterns, which was one of the top gainers today, also saw a spike in volumes. Number of shares that changed hands on the stock counter was 4.4 times higher than the daily average by early noon session.
Trading volumes in Kalpatru Projects International Ltd were 4.1 times higher than the daily average, while those in SPARC were 3.6 times more than the daily average.
Stock counter | Increase in volumes on March 7 (compared with average daily volume) |
---|---|
Metro Brands | 4.9 times |
Data Patterns (India) | 4.4 times |
Kalpataru Projects International Ltd | 4.1 times |
Sun Pharma Advanced Research Co. Ltd | 3.6 times |
Quess Corp | 3.6 times |
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