Shares of BSE Ltd. ended 1.5% higher on Thursday but that came on the back of a three-day fall, during which the stock corrected over 13% from its highs.
Sources within the dealing rooms told CNBC-TV18 that the stock witnessed some delivery-based selling in Thursday's trading session and is currently consolidating.
Despite this recent correction, shares of BSE have gained 280% so far in 2023.
Another Rangebound Session
The market is showing no strength at higher levels as it continues to consolidate around the 19,800 mark.
Dealers said that the flows are mixed at the FII Desk with some market at close basket buying seen.
Sector rotation continued on Thursday despite the market consolidating with auto stocks being well bid at the institutions, while Pharma stocks saw some profit booking.
Resistance for the Nifty, according to dealers, is seen at the 19,800 - 19,850 band, which is where the index is currenrly placed.
Some key triggers going forward for the market would be a truncated next week, the F&O series expiry for November and the outcome of the state assembly polls in five states at the start of December.
Besides BSE, these stocks also made it to the dealing room chatter:
Tilaknagar Industries: Shares ended 5.5% lower on Thursday, which was the worst single-day performance of the stock in two months. A large block, where 1.5% of the equity exchanged hands, took place in the stock today. Dealers said that the promoter entity is the likely seller in the block deal.
Aegis Logistics: The stock ended flat in Thursday's trading session after rising 5% on Wednesday. Dealers said that a leading hedge fund is an active buyer in the stock.
DLF: The stock ended 0.6% higher on Thursday and has been oscillating between gains and losses over the last five trading sessions. Dealers said that FIIs were buyers in the stock in Thursday's session and the stock may see high delivery volumes.
(Edited by : Hormaz Fatakia)
Note To Readers
Disclaimer: The stocks discussed in this article are based on unconfirmed reports from dealing rooms. It is advised to carry out your own due diligence before making any investment decision.
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