Market Now: These stocks plunge up to 25% in a cautious market

NEW DELHI: Shares of Greenearth Resources (down 25 per cent) and KSS (down 20 per cent) cracked up to 25 per cent on NSE in the early trade on Monday, while equity markets were in the cautious mood.

Stocks such as PTC Financial (down 11.95 per cent), Reliance Naval and Engineering (down 11.04 per cent), Ruchi Soya Industries (down 10.36 per cent), Reliable Data Services (down 9.87 per cent), Cadsys (India) (down 8.56 per cent) and PC Jeweller (down 8.17 per cent) declined over 8 per cent.

Benchmark indices opened on a cautious note on Monday after various exit polls released over the weekend suggests no clear winner in the Karnataka elections.


The NSE Nifty index was trading 22 points up at 10,828, while the BSE Sensex was up 77 points at 35,613 around 09:55 am.

Among the 50 stocks in the Nifty50 pack, 29 were trading in the green, while 21 were in the red.

Pharma, FMCG, oil and bank stocks were buzzing in trade.

Titan Company, Bharti Airtel, ICICI Bank, Tech Mahindra and Coal India were among the top losers in the Nifty pack of stocks.