Top 10 Stocks Grab 81% Of Aggregate Volume

Among the 10 stocks, nine belong to the information technology, communication and entertainment (ICE) sector. Trading volume in these stocks shot up 60 per cent since April, following the meltdown in ICE stocks.

Himachal Futuristic Communication Ltd (HFCL) has been the most traded stock, accounting for 17.7 per cent of the total volume in August.

The aggregate trading volume in HFCL on BSE and NSE shot up nearly three times from 6.4 per cent in April to 17.7 per cent in August.

HFCL hogged the limelight since March when the company announced the placement of 10 per cent shares with Kerry Packer firm Consolidated Press Holdings.

HFCL has been on top of the table since June with its volume accounting for 15.95 per cent of the total traded volume on the bourses.

Satyam Computer, which continued to dominate the market, slipped to the second position after being on top during the January-May period.

Trading volume in the stock continued to be over 10 per cent of the total volume. The volume in May was at a record high at 16.36 per cent which slipped to 13.33 per cent in August.

Zee Telefilms retained the number three position with trading volume accounting for 10.3 per cent of the aggregate volume of the bourses. Infosys Technologies, which rarely being among the top five stocks, recorded a sharp increase in volume in the last three months.

Trading volume in the stock increased to 10 per cent in August from a marginal three per cent in March. Global Tele-Systems, at number five, accounted for 9.3 per cent of the total turnover on the bourses.