Market Now: These stocks defy bearish market mood, surge up to 10%

NEW DELHI: While equity benchmarks were trading in the lower terrain amid weakness in global equities, shares of Autoline Industries (up 10 per cent), GATI (up 8.68 per cent) and Nagarjuna Oil Refinery (up 8.51 per cent) zoomed up to 10 per cent on NSE, defying the bearish mood of market.

Stocks such as Patel Integrated Logistics (up 8.02 per cent), Country Condo's (up 6.90 per cent), Gravita India (up 6.64 per cent), NIIT Technologies (up 6.38 per cent) and Indiabulls Ventures (up 5.20 per cent) climbed over 5 per cent.

Equity markets were in the red following weakness in the global equities after the US bond yields rose above 3 per cent.


Boiling global crude oil prices too dented sentiment at domestic level.

Selling was seen in all sectors, but IT was bucking the trend. IT majors, Wipro, TCS and Infosys were trading with gains.

The Nifty50 index was 13 points down at 10,601, while the BSE Sensex was 56 points down at 34,561 around 9:50 am (IST).

Among the 50 stocks in the Nifty index, 18 were in the green, while 32 were in the red.

Bharti Airtel, tech Mahindra and Wipro were leading the pack of Nifty gainers.

GAIL, Hindalco and NTPC, on the other hand, were the top drags on the index.