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A total of 13,209 shares changed hands on the counter till 11:31AM (IST)

Astral, incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 51408.23 Crore) operating in Plastics sector.

For a substantial span post inception in 2001, ETFs had an insignificant existence until the government infused fresh life into them through divestment and debt ETFs. Since 2015, Employees’ Provident Fund has also given ETFs a shot in the arm via its consistent exposure.

“We continue to like quality business in Tata Power at this point of time. Having said that, NTPC could also remain a stronger player largely because of the volume increase. However, we are not likely to see quantum jump and that is where one will probably have to be mindful.”

The stock quoted a 52-week high price of Rs 425.85 and a 52-week low of Rs 272.3.

The stock has been trading in a rising channel since 2014-2015 on the monthly charts. It has always bounced back after retesting the lower trendline of the channel pattern.

Morgan Stanley maintained an overweight rating on Maruti Suzuki with a target price of Rs 11,963. The brokerage firm expects a higher average selling price (ASP) owing to an increase in the SUV mix.

​This means the average traded quantity of the stock for 5 days along with its cumulative open interest has increased whereas the price has decreased.​

Analysts attribute this strong divergence of performance between two pockets of the market to a combination of solid corporate earnings and active participation of both local and institutional investors in the India growth story which goes well beyond bluechips.

"Historically, September and October have been the months when there is a seasonal downturn in overall demand. And we have a price rally just as we speak. So it feels very odd because there is much more than just pent-up optimism about China finally looking robust. It is effectively permeating the oil prices even though the supply and demand fundamentals should not really reflect it."