Market Now: Check out the stocks that plunged up to 12%

NEW DELHI: Shares of Kitex Garments (down 12.13 per cent), MVL (down 11.11 per cent) and Greenearth Resources and Projects (down 11.11 per cent) declined up to 12 per cent in Monday's trade, defying the bullish market stance.

Shares of AVSL Industries (down 7.14 per cent), Keynote Corp (down 6.44 per cent), Pashupati Cotspin (down 5.28 per cent), MRO-TEK Reality (down 5 per cent), Blue Coast Hotel (down 5 per cent), Praxis Home Retail (down 5 per cent) and Dhunseri Tea & Industries (down 5 per cent) declined up to 7 per cent in Monday's trade so far.

Stocks staged a strong comeback in early trade on Monday with the BSE Sensex gaining over 260 points and the Nifty recapturing the 10,500-level on continued buying by domestic funds ahead of inflation data to be released after market hours today.


Asian markets were also trading in the green after a late-day rally on Wall Street on Friday.

Sustained buying by domestic institutional investors amid a firm trend at other Asian bourses improved the market sentiment.

The NSE Nifty50 index was trading 54 points up at 10,509, while the BSE Sensex was 197 points up at 34,203 around 10:45 am (IST).

In the Nifty50 index, Tata Steel, Sun Pharmaceutical Industries, Oil and Natural Gas Corporation, Aurobindo Pharma and Lupin were among the top gainers.

On the contrary, Bharat Petroleum Corporation, State Bank of India, Hindustan Petroleum Corporation, HCL Technologies and Coal India were the top losers in the Nifty pack of stocks.

Among the 50 stocks in the Nifty50 index, 37 were in the green, while 13 were in the red.