Market Now: These stocks zoom up to 20% beating negative market sentiment


NEW DELHI: Even as weak global cues and selling in bank, financial, auto and metal stocks were keeping the bourses in the red, shares of Samtel Color (20 per cent), Future Market Networks (19.97 per cent) and Transwind Infrastructures (18.94 per cent) zoomed up to 20 per cent on NSE in morning trade on Wednesday.

Shares of Jindal Worldwide (14.55 per cent), Accord Synergy (14.38 per cent), Rajshree Sugars (12.07 per cent) and Nagarjuna Oil Refinery (11.54 per cent) jumped over 10 per cent.

Investors’ sentiment remained negative on weak trend in other Asian markets following a drop in the Wall Street as US President Donald Trump replaced his secretary of state, and plans to impose new tariffs on China.

The NSE Nifty index was trading 43 points down at 10,384, while the BSE Sensex was down 130 points at 33,727 around 10:15 am (IST).

Among the 50 stocks in the Nifty pack, 17 were in the green, while 33 were in the red.

Tech Mahindra, Ambuja Cements, UltraTech Cement and GAIL (India) were the top gainers in the Nifty pack of stocks.

Source: Economic Times