Market Now: These stocks going against the tide, fall over 10%

NEW DELHI: Shares of Nakoda (down 12.50 per cent), MVL (down 11.11 per cent) and Hindustan Construction Company (HCC) (down 10.76 per cent) cracked over 10 per cent on NSE in morning trade on Thursday even as equity markets were in the positive territory.

Stocks such as GTL Infrastructure (down 9.84 per cent), Antarctica (down 5.88 per cent), Bil Energy Systems (down 5.88 per cent) and Alembic (down 5.65 per cent) declined over 5 per cent on NSE.

The benchmark BSE Sensex rose over 100 points in early trade today, extending gains for the third session, after US Federal Reserve announced the widely-expected hike in key lending rate.


Sustained foreign fund inflows, increased buying by domestic institutional investors (DIIs) and a mixed trend in other Asian bourses, after the Fed rate hike, influenced the market.

The NSE Nifty index was trading 35 points up at 10,190, while the BSE Sensex was up 124 points at 33,260 around 10:25 am (IST).

Among the 50 stocks in the Nifty index, 27 were trading in the green, while 23 were in the red.

Oil and Natural Gas Corporation, Indiabulls Housing Finance, Zee Entertainment Enterprises, Sun Pharmaceutical Industries and Reliance Industries were among the top gainers in the Nifty index.

On the other hand, Hindustan Petroleum Corporation, Bharat Petroleum Corporation, Wipro, Indian Oil Corporation and Tata Steel were among the top losers in the Nifty pack.