Top Traded by Value Today 23-Sep-2026: Key Stocks

Introduction

Nifty 50 closed at 23,459.35 (up 0.19%) while the Sensex ended at 74,886.04 (up 0.04%) on 23 Sep 2026, with intraday risk measures easing as India VIX fell 8.60% to 10.28. Market breadth within the Nifty pack was positive, with 36 advances versus 14 declines, even as IT names featured among the index laggards in the day’s broader tape. Value turnover stayed concentrated in financials and high-beta themes, with large trades in HDFC Bank and Bajaj Finance, and heavy retail-led churn in EV and small-cap momentum names such as Ola Electric and PC Jeweller.

Large Cap Top Traded by Value

HDFC Bank Ltd (-0.14%) HDFC Bank eased as investors largely stayed on the sidelines ahead of the bank’s scheduled board meeting on 17 Oct 2026 to consider and approve unaudited results for the quarter and half-year ended 30 Sep 2026. The bank also announced a trading window closure from 24 Sep to 19 Oct 2026, which typically reduces near-term discretionary trading by insiders and can keep the stock range-bound despite high value turnover.

Reliance Industries Ltd (+0.41%) Reliance inched higher as the broader tape held firm on supportive global cues, with market commentary also pointing to falling crude prices as a key macro support during the session. For Reliance, softer crude often feeds into expectations of improved cost dynamics across energy-linked operations, helping the stock stay bid even in a modest up-market.

Bajaj Finance Ltd (+3.07%) Bajaj Finance climbed sharply as financials outperformed, with the day’s market narrative explicitly flagging “Bajaj twins” among notable movers while Nifty Bank ended higher. The stock’s outsized rise versus the headline indices also kept it among the most traded by value, reflecting aggressive repositioning in large NBFC names.

BSE Ltd (+1.10%) BSE gained as trading conditions turned more benign with India VIX dropping to 10.28, typically supportive for exchange-led volumes and participation in cash and derivatives. The stock also saw sustained activity in line with the day’s high concentration of turnover in market infrastructure and trading-linked counters.

Mahindra & Mahindra Ltd (-0.49%) M&M slipped as autos lagged on the day, with Nifty Auto ending marginally lower, prompting rotation away from select auto heavyweights despite steady benchmarks. The decline came alongside heavy value turnover, suggesting trade-driven rebalancing rather than a low-liquidity move.

Mid Cap Top Traded by Value

Meesho Ltd (-1.60%) Meesho fell after cautionary commentary circulated around near-term growth, with the stock reacting to concerns about slower NMV growth in the September quarter due to rescheduling of a flagship festive sale and higher customer acquisition spending. The downgrade in near-term operating expectations came through in price despite very heavy churn, keeping Meesho the most traded mid-cap by volume and value.

Ather Energy Ltd (-2.81%) Ather Energy declined on profit-taking amid heavy turnover after the stock’s recent run-up left it closer to its 52-week high zone (₹1,741.90). The selling was pronounced even as EV-linked names saw mixed moves in the session, indicating stock-specific de-risking rather than a one-way sector trade.

Multi Commodity Exchange of India Ltd (+3.35%) MCX rallied as the stock pushed toward its 52-week high (₹3,479.80), drawing momentum-led participation in a high-liquidity exchange counter. The move was accompanied by strong traded volumes (24.47 lakh shares), consistent with traders positioning for sustained activity in commodity-linked trading platforms.

Steel Authority of India Ltd (+6.67%) SAIL surged as the stock broke out on strong participation, with 4.30 crore shares changing hands and a sharp single-day move that typically signals short-covering and momentum buying. The rally also put the counter back in focus versus its 52-week high of ₹209.70, a level closely watched by technical traders.

Swiggy Ltd (-2.09%) Swiggy slipped amid continued selling in consumer internet names, with traders trimming exposure after recent volatility across platform businesses. The high volume (2.57 crore shares) alongside the decline suggests the move was driven by active re-positioning rather than illiquidity.

Small Cap Top Traded by Value

Ola Electric Mobility Ltd (+10.93%) Ola Electric jumped nearly 11% on exceptionally heavy turnover, with 41.52 crore shares traded, indicating a momentum-driven move rather than a thin-float spike. The stock also extended a multi-day upmove cited in live market tracking, which typically pulls in incremental short-covering and tactical trading flows.

Cupid Ltd (+5.83%) Cupid rallied after reporting strong FY26 results and raising its FY27 guidance, a combination that directly lifted earnings and growth visibility for investors. The company posted FY26 revenue of ₹391 crore (up 93%) and PAT of ₹108 crore (up 165%), and guided to FY27 revenue of ₹725-750 crore and net profit of ₹210-225 crore, with Palava plant commissioning and international expansion highlighted.

Elecon Engineering Company Ltd (+10.63%) Elecon Engineering surged alongside an extreme volume spike, with market trackers noting activity far above recent averages, a classic trigger for momentum strategies. The stock’s jump on high participation placed it among the day’s most traded small caps by value despite being well below its 52-week high (₹625.45).

PC Jeweller Ltd (+6.54%) PC Jeweller rose as the stock traded close to its 52-week high (₹14.87), triggering breakout-style buying in a high-beta counter. The move was reinforced by massive liquidity, with 90.93 crore shares traded, indicating broad participation rather than a narrow operator-led rise.

Glass Wall Systems (India) Ltd (-7.31%) Glass Wall Systems fell sharply as the stock reversed from near its recent highs (52-week high ₹318.00), a pattern that often triggers stop-loss selling in momentum-driven small caps. The heavy traded volume of 3.87 crore shares alongside the decline points to forced unwinds rather than a gradual drift lower.

Market Overview

Indian equities ended modestly higher, with Nifty 50 at 23,459.35 (up 0.19%) and Sensex at 74,886.04 (up 0.04%), holding early gains despite mixed sectoral trends. A key supportive signal for risk-taking was the sharp drop in India VIX to 10.28 (down 8.60%), which generally coincides with higher participation and tighter intraday ranges in index heavyweights.

Sectorally, FMCG showed relative strength (Nifty FMCG up 0.82% in live sectoral reads), while IT remained a drag with key IT stocks listed among the day’s top losers. Banking and financials held up, with Nifty Bank ending higher and Bajaj Finance featuring among the strongest high-value movers.

Flows remained a constraint in the background, with foreign investors reported to have sold ₹38.1 billion of Indian equities on Tuesday, extending a selling streak across recent sessions. Even so, market breadth within the Nifty constituents stayed positive (36 advances versus 14 declines), and trading interest gravitated toward exchanges, commodity platforms, and high-beta retail favourites.

Explore More Market Movers

Readers can explore the complete list of market movers here:

https://www.multibagg.ai/market-movers/top-gainers