Market Scan
On Wednesday, October 7, the closing prices of three stocks in the Nifty 500 universe were above their respective Volume Weighted Average Price (VWAP), according to StockEdge's technical scan data.
When the closing price is above the VWAP, it means the stock closed at a price higher than its volume-weighted average traded price during the day. The VWAP gives greater weight to prices at which higher trading volumes occurred.
Rainbow Children's Medicare
VWAP: Rs 1236.23 | LTP: Rs 1270.7
The India Cements
VWAP: Rs 298.52 | LTP: Rs 303.05
KEI Industries
VWAP: Rs 4614.43 | LTP: Rs 4677.7