Share market update: Market turns flat, but these stocks surge 10%

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NEW DELHI: Shares of Refex Industries (up 11.54 per cent), Zicom Electronic Security Systems (up 11.11 per cent) and Solara Active Pharma Sciences (up 10 per cent) surged 10 per cent on NSE during Friday’s trade, while equity markets erased opening gains to turn flat.

Market erased the gains of opening session on fresh selling in bank, oil, auto and FMCG stocks.

Weak macro triggers turned investors cautious even as global cues were firm.

On Thursday, a government data showed that the retail inflation accelerated to a five-month high of 5 per cent in June compared to 4.87 per cent in May, while industrial production moderated to 3.2 per cent in May compared to 4.9 per cent in April.

Barring Nifty Metal and IT, that were marginally up, all sectors were under pressure.

The NSE Nifty index was trading flat at 11,022, while the BSE Sensex was up 39 points at 36,587 around 10:30 am.

In the Nifty index, 19 stocks were in the green and 31 were in the red.

Wipro, Coal India, Infosys, Reliance Industries and Kotak Mahindra Bank were among the top gainers in the Nifty index.

On the contrary, Bharti Infratel, UPL, HCL Technologies, State Bank of India and ONGC were among the top losers in the Nifty pack of stocks.

Source: Economic Times