Share market update: These stocks defy negative market mood, surge over 7%

NEW DELHI: Defying the prevailing negative market sentiment, shares of Alankit (up 7.58 per cent), Marksans Pharma (up 7.41 per cent) and Everest Kanto (up 7.06 per cent) surged over 7 per cent on NSE in morning trade on Tuesday.

Stocks such as Liberty Shoes (up 6.88 per cent), Aarti Drugs (up 6.83 per cent), Kama Holdings (up 6.80 per cent), Gujarat Borosil (up 6.75 per cent), Jubilant Industries (up 6.32 per cent), Relaxo Footwear (up 5.31 per cent) and VLS Finance (up 5.02 per cent) jumped over 5 per cent.

Equity markets were in the negative territory, tracking weakness in global stocks as the trade conflict between the US and China intensified.


The NSE Nifty index was trading 40 points down at 10,760, while the BSE Sensex was down 114 points at 35,434 around 10:10 am.

In the Nifty index, 15 stocks were in the green, while 35 were in the red.

Lupin, Dr. Reddy's Laboratories, Tata Steel, Bajaj Finance and Tata Motors were topping the Nifty index.

On the contrary, BPCL, HPCL, Indian Oil Corporation, Vedanta and Infosys were among the top losers in the Nifty pack of stocks.