Share market update: These stocks defy positive market mood, plunge up to 6%

NEW DELHI: Despite positive market sentiment, shares of NMDC (down 6.56 per cent), Butterfly Gandhimathi Appliances (down 5 per cent) and Manpasand Beverages (down 5 per cent) cracked up to 6 per cent on NSE in morning trade on Thursday.

Shares of NMDC fell after the company on Wednesday posted almost flat net profit of Rs 975.27 crore for the June quarter.

Stocks such as Optiemus Infracom (down 4.98 per cent), Adani Green Energy (down 4.98 per cent), UFO Moviez India (down 4.95 per cent), Indian Terrain (down 4.81 per cent), Indian Hume Pipe (down 4.79 per cent), V2 Retail (down 4.57 per cent) and Pricol (down 4.53 per cent) declined up to 5 per cent.


Equity market was in the positive territory amid mixed global cues.

Gains in heavyweights, including ICICI Bank, Infosys, Reliance Industries, Axis Bank and State Bank of India were keeping the market up.

The NSE Nifty index was trading 30 points up at 11,480, while the BSE Sensex was up 157 points at 38,045 around 10:10 am.

Overall, 26 stocks were in the green, while 24 were in the red in the Nifty index.

ICICI Bank, Cipla, Lupin, Sun Pharma and Tata Motors were among the top gainers in the Nifty index, whereas Titan Company, UPL, ONGC, Zee Entertainment and Hindustan Unilever were among the top losers.