275 stocks see 100% rise

CHENNAI: Indicating the huge buyer interest in equities, the rally on Monday saw over 275 stocks witnessing shocking volume (more than 100%) rise in a single session. Stocks such as Motherson Sumi, Asian Hotels, Manjushree , Orissa Sponge, Container Corp, Bosch, SMS Pharma and others saw daily share volumes at 10 times over their five-day averages on Monday, BSE data shows.

Auto ancillary maker Motherson Sumi, which rose 5.2% to Rs 80, saw 90 lakh shares change hands as against a five-day average volume of 1.11 lakh shares. Bosch witnessed nearly 55,000 shares being traded as against a 5-day average of 1,800 shares.

Trading volumes in tech counter R S Software were 18 times at 1.7 lakh shares to its 5-day average as the price hit upper-circuit (20%). Fresenius Kabi (formerly Dabur Pharma) surprised traders as the Monday's traded volume was nearly 14 times at 42,000 shares as against a fiveday average of around 3,100 shares ��� pushing the stock up 20% to Rs 48.4 on the BSE.

"The domestic bourses opened sharply higher in line with other Asian indices. Strong domestic and global economic data and aggressive build-up of fresh derivative positions triggered a rally," Yogesh Radke of Edelweiss Research said. Equity dealers and brokers said the volume rise indicates investor interest and the rise in large-caps was a positive step for the sentiment.