Stock market update: These stocks defy bullish market sentiment, crack over 4%

NEW DELHI: Even as domestic equity market was trading higher, shares of Ankit Metal & Power (down 8.33 per cent), Agro Tech Foods (down 5.35 per cent), Tata Metaliks (down 4.61 per cent), Welspun Corp (down 4.54 per cent) and Tinplate Company of India (down 4 per cent) declined over 4 per cent on NSE in Friday's trade.

Gains in heavyweights such as Infosys, ITC, State Bank of India and Bharti Airtel were keeping the equity benchmarks aloft, while firm global cues boosted the sentiment.

Data showed that foreign institutional investors made sizeable buying on Thursday which further supported sentiment.


The NSE Nifty index was trading 73 points up at 11,240, while the BSE Sensex was up 277 points at 37,261 around 11:45 am.

In the Nifty index, 32 stocks were advancing, while 18 were declining.

ITC, Hindalco Industries, Tata Motors, Axis Bank and Bajaj Auto were among the top gainers in the Nifty index.

However, Grasim Industries, Dr. Reddy's Laboratories, Adani Ports & SEZ, Hindustan Unilever and YES Bank were among the losers in the index.