Share market update: These stocks defy weak market sentiment, surge up to 16%

NEW DELHI: Shares of Sequent Scientific (up 16.55 per cent), Venky's (up 15.39 per cent) and Tinplate Company of India (up 13.64 per cent) surged up to 16 per cent on NSE in Thursday's session despite weak market sentiment.

Borosil Glass (up 7.19 per cent), Dilip Buildcon (up 7.10 per cent), Hindusthan National Glass & Industries (up 6.57 per cent) and Pantaloons Fashion & Retail (up 6.28 per cent) jumped up to 7 per cent.

Market sentiment was bearish on heavy selling in metal, auto, banking, capital and realty stocks amid sustained capital outflows by foreign funds after the RBI yesterday hiked repo rate for the second time in two months.


Global cues too were weak on renewed US-China trade war concerns.

The NSE Nifty index was trading 70 points down at 11,277, while the BSE Sensex was down 239 points at 37,283 around 10:10 am.

In the Nifty index, 16 stocks were trading with gains, while 34 were incurring losses.

Dr. Reddy's Laboratories, Lupin, HPCL, Sun Pharmaceutical Industries and BPCL were leading among Nifty scrips.

However, Vedanta, Tata Steel, Grasim Industries, Tata Motors, Maruti Suzuki India and YES Bank were among the top losers in the Nifty pack of stocks.