Stock market update: Market reflects sombre mood; these stocks plunge 6%

NEW DELHI: Shares of Ester Industries (down 6.88 per cent), BGR Energy Systems (down 6.61 per cent) and Shreyas Shipping & Logistics (down 5.79 per cent) plunged 6 per cent on NSE in Thursday's weak market.

Bharat Rasayan (down 5 per cent), Goa Carbons (down 5 per cent), Optiemus Infracom (down 4.99 per cent), Reliance Naval and Engineering (down 4.99 per cent), MIRC Electronic (down 4.96 per cent), Adani Green Energy (down 4.95 per cent) and Jaypee Infratech (down 4.88 per cent) declined up to 5 per cent.

Frontline indices Sensex and Nifty kicked-off Thursday's session on a negative note as a political crisis in Turkey and US-China trade war woes weighed on investor sentiment.


Moreover, an unabated fall of the Indian rupee and sustained capital outflow in the wake of a continuous rise of US dollar hit the risk appetite of investors.

The NSE Nifty index was trading 38 points down at 11,397, while the BSE Sensex was down 141 points at 37,711 around 09:40 am.

In the Nifty index, 25 stocks were in the green and 25 were in the red.

Nifty Auto, IT, pharma and PSU bank indices were in the green, while the rest sectoral indices were in the red.

GAIL (India), Cipla, UPL, Bajaj Finance and Infosys were among the top gainers, while Vedanta, Kotak Mahindra Bank, Hindalco Industries, Wipro and YES Bank were among the top losers in the Nifty index.