Stock market update: RCom, BHEL most traded stocks on NSE on Tuesday

NEW DELHI: Reliance Communications emerged as the most traded stock on NSE on Tuesday.

With over 20.10 crore shares changing hands, the scrip led the pack of most traded stocks.

Reliance Communications has offered an upfront payment of Rs 500 crore to its operational creditor Ericsson, which has got an insolvency order against the Anil Ambani group firm.


BHEL (number of shares traded: 6.39 crore) was up next among the most traded stocks on NSE after it reported doubling of net profit at Rs 457.10 crore for the March quarter, beating Rs 450 crore estimate by analysts in an ET Now poll.

MPS Infotecnics (4.04 crore), Vedanta (3.29 crore), Suzlon Energy (3.10 crore), Just Dial (2.95 crore), JP Associates (2.92 crore), Punjab National Bank (2.78 crore), Electrosteel (2.62 crore), Reliance Naval and Engineering (2.25 crore) were also among the most traded stocks on NSE, in that order.

Indian equities snapped their three-session winning streak on Tuesday owing to losses in bank, financial, FMCG, energy and consumer durables stocks, triggered by weak global cues.

Besides, a fresh fall in rupee aggravated the bearish sentiment of the market. Though crude oil prices recovered a bit, but it remains a concern, hovering around $75 a barrel.

Benchmark Sensex tanked 216 points, or 0.61 per cent, to finish at 34,949, with only 7 stocks in the green and 24 in the red.

The Nifty50 fell 55 points, or 0.52 per cent, to settle at 10,633. Overall, 16 stocks remained up, while 34 down in the index.

Mahindra & Mahindra, GAIL, HCL Technologies, Bharti Airtel, Indian Oil Corporation, HPCL and BPCL finished Tuesday's trade leading the pack of Nifty gainers.