Gujarat Gas and Cipla were shorted even after both companies reported quarterly results prior to the estimate.
The markets are trading volatile even when BSE Sensex is seen to be slipping by more than 200 points per day.
Some of the top stocks that have seen a lot of buildup are Tata Chemicals, GAIL, Metropolis, Astral, Tata Consumer, Havells, Aarti Industries, Tech Mahindra, Deepak Nitrate, SBI Life, Divis Lab, Vodafone Idea, and Kotak Mahindra Bank.
Gujarat Gas and Cipla were shorted even after both companies reported quarterly results prior to the estimate. Escorts, Bandhan Bank, LIC Housing Finance, Shree Cements, Muthoot Finance, RIL, Torrent Power, Ambuja Cement, Bharat Forge, and Bajaj Auto are some of the top stocks trading under pressure due to the accumulation of shorts.
Short coverage was observed in PFC, IOC, Maruti, Mphasis, NTPC, Coal India, Coforge, Bank of Baroda, Canara Bank and Alkem.
Torrent Power, RBL Bank, Page Industries and UPL are considered weak due to a long recovery period.
