Indian equity markets opened the new financial year on a steady note with selective buying, even as a few stocks continued to witness selling pressure. The Nifty traded range-bound near 22,750–22,800 levels, while Nifty Midcap 100 and Nifty Smallcap 100 showed signs of early recovery. India VIX remained elevated but indicated some cooling in volatility compared to the previous session.
Around 30 stocks hit their lower price bands during the session, mostly in the small and micro-cap segments, with limited overall impact on market breadth.
Key Lower Circuit Stocks (Sorted by Value Traded)
| Symbol | LTP | % Chng | Price Band % | Volume (Lakhs) | Value (₹ Crores) |
|---|---|---|---|---|---|
| JINDALPOLY | 719.30 | -2.91 | 5.00 | 2.40 | 17.30 |
| OWAIS | 115.50 | -2.86 | 5.00 | 0.48 | 0.56 |
| RNBDENIMS | 61.30 | -4.99 | 5.00 | 0.63 | 0.39 |
| AXITA | 8.66 | 1.05 | 5.00 | 3.85 | 0.33 |
| GSLSU | 45.88 | -0.30 | 5.00 | 0.52 | 0.24 |
| OSIAHYPER | 3.70 | -4.88 | 5.00 | 6.27 | 0.23 |
| AISL | 57.00 | -5.00 | 5.00 | 0.13 | 0.07 |
| NAMAN | 42.05 | -4.97 | 5.00 | 0.16 | 0.07 |
| LEXUS | 23.44 | -4.99 | 5.00 | 0.26 | 0.06 |
| SANGANI | 40.50 | 4.11 | 5.00 | 0.15 | 0.06 |
Key Highlights:
- JINDALPOLY recorded the highest value traded among lower circuit stocks at ₹17.30 crores on a 2.91% decline.
- OWAIS and RNBDENIMS followed with full 5% lower circuits and decent turnover.
- Several micro-cap names including OSIAHYPER, AISL, NAMAN, and LEXUS also hit their lower bands, though with relatively lower liquidity.
- The overall impact remained contained, with most stocks showing modest volumes compared to the previous session’s heavy selling.
This limited lower circuit activity aligned with the mild Nifty T20 losers observed earlier in the day, suggesting a pause in aggressive downside momentum as the new financial year began.
