CDSL shares surge 9% on 2x jump in daily volumes; other capital market stocks rally too

Shares of Central Depository Services India Ltd (CDSL) on June 2 surged around 9 percent amid strong jump in daily volumes. A rub-off effect was seen in other capital market stocks as well, which pushed the Nifty Capital Markets index up over 2 percent in the afternoon.

CDSL shares were trading at Rs 1,667 apiece, the highest level seen by the stock in nearly five months. Over 1.2 crore shares were involved in trade today so far, as seen at 1 pm. This is nearly 2 times higher than the 57.10 lakh volume seen by the stock in the previous trading session. The stock has now risen nearly 60 percent from its March low of Rs 1,047 apiece.

Among other capital markets stock, KFin Technologies gained over 6 percent to trade at Rs 1,148 apiece. CAMS, Anand Rathi Wealth and Angel One shares followed, jumping around 4 percent each.

360 One WAM and Nuvama shares gained over 2 percent, while Motilal Oswal Financial Services, Multi Commodity Exchange of India (MCX) and Bombay Stock Exchange (BSE) shares rose over 1 percent each.