Himadri Speciality Chemical was one of three Nifty 500 stocks that ended the session on October 19 well below their volume-weighted average prices.
The volume-weighted average price, or VWAP, is the average price a stock traded at during the day, giving more weight to prices at which more shares changed hands. A close below that level means the stock finished weaker than the typical price paid during the session.
All three stocks showed notable price weakness on the day. Trading in them was subdued, and prices came under downward pressure, so they ended the session at levels clearly under their daily averages.
Traders often watch VWAP as a gauge of whether buyers or sellers had the upper hand by the close. For Himadri Speciality Chemical and the two other Nifty 500 names, the finish below that mark points to sellers dominating the later part of the session on October 19.