Share market update: These stocks defy positive market mood, plunge over 5%

NEW DELHI: Defying the positive sentiment of equity market, shares of Thirumalai Chemicals (down 5.96 per cent), JTEKT India (down 5.87 per cent), Federal Bank (down 5.10 per cent) and PNB Gilts (down 5.04 per cent) plunged over 5 per cent on NSE in Monday's session.

Stocks such as International Paper APPM (down 4.99 per cent), Optiemus Infracom (down 4.99 per cent), Lincoln Pharmaceuticals (down 4.98 per cent), Tamil Nadu Newsprint & Papers (down 4.73 per cent), Muthoot Capital Services (down 4.49 per cent) and Vadilal Industries (down 4.23 per cent) declined up to 5 per cent.

Indian equity market was in the positive territory amid mixed global cues.


Investors were eyeing how US-China talks pan out, while keenly observing the movement of Turkish lira and Chinese yuan.

The NSE Nifty index was trading 64 points up at 11,534.95, while the BSE Sensex was up 282 points at 38,230.13 around 10:35 am.

As many as 32 stocks were in the green in the Nifty index and 18 were in the red.

In the Sensex kitty, 23 were advancing while 8 were declining.

Larsen & Toubro, ONGC, Tata Motors, YES Bank and Coal India were among the top gainers, while GAIL (India), Infosys, Titan Company, Eicher Motors and UPL were among the top losers in the Nifty index.