The volume of trading in the new rolling settlement regime has been gravitating toward a few stocks. Infosys Technologies and Satyam Computer made history today by hogging a hefty 45.38 per cent of the total volumes on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Together, the two stocks aggregated a combined turnover of Rs 894.22 crore against a total volume of Rs 1970.50 crore on the BSE and NSE.
Infosys Technologies which reported Q1 earnings in line with expectations saw a buying spree on the BSE and NSE. Infosys aggregated volumes of Rs 641.32 crore, accounting for 32.55 per cent of the total traded volumes. Infy saw 94,147 trades for 17.61 lakh shares on both these exchanges. Today's volume in Infy accounted for 2.66 per cent of the total equity capital of the company. The stock which opened on a weak note at Rs 3480 soared to high of Rs 3849 before closing to Rs 3767.40- gaining Rs 272.55 or 7.80 per cent over the previous close.
Satyam Computer which beat market expectations on its Q1 numbers was on also on the buying list. The stock aggregated the total volume of Rs 252.90 crore (accounting for 12.83 per cent of the total volume) on BSE and NSE.
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Satyam witnessed 86,111 trades for 149.73 lakh shares accounting for 5.32 per cent of the total equity capital of the company.
The volume of trading in top two stocks on BSE and NSE accounted for 19.2 per cent of the total on the first day of rolling regime. The volume perked up on the subsequent days from 25 per cent on July 4 to 35 per cent on July 6. The volume aggregated around 32 per cent of the total on July 9 and 10.