Market slumps: REI Agro, Muthoot Capital, Can Fin Homes rally over 7%

NEW DELHI: A day after rising over 200 points, the domestic equity market was again in red on Wednesday, but shares of Muthoot Capital, REI Agro, Nu Tek India and Can Fin Homes surged over 7 per cent.

Domestic equity index BSE Sensex was trading 163.87 points lower at 29,624.48 in afternoon trade on Wednesday ahead of IIP data to be announced later in the day amid subdued Asian cues.

Shares of Nu Tek India (up 7.14 per cent), Can Fin Homes (up 7.51 per cent) , Onward Tech (up 8.00 per cent) , NR Agarwal (up 8.10 per cent), Kothari Petro (up 8.88 per cent), Sterling Tools (up 9.39 per cent) , Sathavahana Isp (up 9.80 per cent) , IMP Powers Ltd (up 9.82 per cent) , Agri-Tech (India) (up 9.91 per cent) , Prime Focus (up 11.03 per cent) , Muthoot Capital (up 11.49 per cent) and REI Agro (up 12.50 per cent) were trading over 7 per cent higher in the noon tarde.

In the Nifty 50 index, stocks such as Eicher Motors (up 2.28 per cent) , Ambuja Cements (up 0.94 per cent) , Bharti Infratel (up 0.90 per cent) , Hero MotoCorp (up 0.42 per cent) , Coal India Ltd (up 0.35 per cent) , ACC (up 0.28 per cent) , Infosys (up 0.28 per cent) , YES Bank (up 0.27 per cent) , HDFC Bank (up 0.26 per cent) , UltraTech Cem. (up 0.14 per cent) , IndusInd Bank (up 0.11 per cent) and Asian Paints (up 0.05 per cent) were trading in green around 12.00 pm.

The Nifty 50 index was down 48.60 points at 9188.40 at around the same time. Among the 50 stocks in the index, 12 were trading in green, while 39 were in red.