Stock market update: Market in the positive terrain, but these stocks take a beating

NEW DELHI: Even as market sentiment was positive and most sectors were catching buyers' attention, shares of Take Solutions (down 19.99 per cent), South Indian Bank (down 17.11 per cent) and 8K Miles Software Services (down 10 per cent) were reeling under selling pressure in morning trade on Monday.

Stocks such as TVS Motor (down 6.98 per cent), Sanwaria Consumer (down 4.87 per cent), MCX India (down 4.68 per cent), HMT (down 4.35 per cent), New India Assurance Company (down 4.30 per cent) and Jaypee Infratech (down 4.12 per cent) also tanked significantly.

Equity markets were in the positive terrain on buying in bank, FMCG and auto stocks.


ITC, ICICI Bank and Asian Paints were the drivers of rally in Sensex amid mixed Asian cues.

The NSE Nifty index was trading 39 points up at 11,049, while the BSE Sensex was up 121 points at 36,618 around 09:50 am.

In the Nifty index, 32 stocks were trading up, while 18 were down.

UPL, ITC, Bharti Airtel, Asian Paints and Adani Ports & SEZ were among the top gainers in the Nifty index.

On the contrary, Hero MotoCorp, Bajaj Auto, Wipro, Titan Company and HDFC Bank were among the top losers in the Nifty pack of stocks.