Market Now: These stocks surged over 15% to defy bearish trend

NEW DELHI: Going against the prevailing bearish market sentiment, shares of Orient Press (up 20 per cent), Premier Polyfilm (up 19.95 per cent), Nakoda (up 16.67 per cent), Country Condos (up 16.13 per cent) and Pudumjee Pulp (up 15.20 per cent) jumped over 15 per cent in Wednesday's trade.

Stocks such as Apex Frozen Foods (up 8.92 per cent), Remsons Industries (up 8.54 per cent), Mercator (up 7.88 per cent), Radha Madhav (up 7.76 per cent) and Den Networks (up 6.66 per cent) surged over 6 per cent.

Hit by heavy capital outflow and sustained selling across the sectors, equity benchmarks remained depressed in Wednesday's trade.

Moreover, traders adopted a cautious stance ahead of September derivatives contract expiry on Thursday.

The Nifty50 index was trading 67 points lower at 9,805, while the 30-share Sensex was 242 points down at 31,358 around 1.40 pm (IST).

Among the losers in the Nifty50 index, Adani Ports was leading, with a loss of over 3 per cent. Sun Pharma, Reliance Industries and ICICI Bank declined 2 per cent.

On the other side, Tech Mahindra was at the top among the gainers, with 2 per cent rise in its share price. Bharti Infratel and Ambuja Cements also gained up to 2 per cent.

IT stocks such as Tata Consultancy Services and HCL Technologies were also gaining.

Oil stocks such as Indian Oil Corporation, Oil & Natural Gas Corporation and Bharat Petroleum Corporation were trading in the green zone.

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