Market Now: These stocks surge over 15% in a cautious market

NEW DELHI: Shares of Mahamaya Steel Industries (up 16.84 per cent) and Samtel Color (up 16.67 per cent) surged over 15 per cent on NBSE in Tuesday's trade while broader markets were treading cautiously.

Stocks such as MVL (up 14.29 per cent), Shekhawati Poly-Yarn (up 14.29 per cent), Motor and General Finance (up 13.57 per cent), Vardhman Poly (up 11.97 per cent) and Cadsys (India) (up 10.85 per cent) surged over 10 per cent.

Equity markets were a little cautious amid falling rupee and surging crude oil prices. Uninspiring earnings failed to cheer up market.


Select bank, pharma, FMCG and financial counters were seeing buying interest, but IT, metal and auto stocks were under pressure.

The NSE Nifty index was trading 11 points up at 10,726, while the BSE Sensex was up 63 points at 35,270 around 10:10 am (IST).

Among the 50 stocks in the Nifty50 pack, 28 were trading in the green, while 22 were in the red.

ICICI Bank, Axis Bank and TCS were the top gainers in the Nifty pack of stocks.

On the contrary, IndusInd Bank, Hindalco Industries and Infosys were trading as the top losers in the Nifty index.