Markets

These stocks crack up to 20% to defy bullish market

NEW DELHI: Shares of FCS Software (down 20 per cent), Raj Rayon (down 20 per cent), Spacenet Enterprises (down 20 per cent), Ortel Communications (down 20 per cent) and Automotive Stamp (down 17.90 per cent cracked up to 20 per cent, defying markets’ bullish stance on Monday.

Other stocks such as Greenearth Resources (down 14.29 per cent), Mohit Industries (down 12.55 per cent), Gujarat Ambuja (down 11.68 per cent), Bhageria Dye (down 11.03 per cent) and Subex (down 10.33 per cent) plunged over 10 per cent.

Bourses remained bullish on Monday, backed by bank, metal, auto and realty stocks.

State Bank of India (up 4.41 per cent) stood as the top gainer in both Nifty and Sensex indices and was only two points behind the 52-week high of Rs 315 that it hit on 19 May 2017.

Sun Pharmaceutical (down 3.59 per cent) was at the bottom in both the benchmark indices, extending the losses for the third session.

SBI, ICICI Bank, ITC, Bank of Baroda, Punjab National Bank and ONGC remained the most active stock in terms of volume.

Benchmark Nifty50 index settled 62.60 points up at 10,077.10, while the 30-share Sensex ended the session 205.06 points up at 32,514.94.

In the Nifty50 pack, 32 stocks ended the day in green, while 19 stocks in red.

On BSE, 1,282 stocks were advancing whereas 1,352 stocks were lagging when the session ended.

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