These stocks surge over 10% to defy market sentiment

NEW DELHI: Shares of LCC Infotech (up 25 per cent), Shekhawati Poly-yarn (up 20 per cent), Ester Industries (up 19.28 per cent), Prakash Steel (up 16.67 per cent), Tarmat (up 12.50 per cent), Indo Thai Securities (up 11.34 per cent), Alkali Metals (up 10.45 per cent), Pincon Spirit (up 10 per cent) and Future Market (up 10 per cent) surged over 10 per cent in Tuesday's trade, defying the prevailing bearish sentiment in the domestic equity market.

Overall markets remained in the negative zone with Nifty and Sensex experiencing big fall due to weak Asian cues amid escalating geopolitical tension.

Sensex dove nearly 350 points, while Nifty tested 9,800 level.

Shares of telecom, power, financials, IT, Teck, FMCG, capital goods led the losses.

NTPC, Sun Pharma, HDFC, Adani Ports and Coal India plunged over 2 per cent in the Nifty index.

However, Bharat Petroleum Corporation, Dr. Reddy's Laboratories, Mahindra & Mahindra and Zee Entertainment were marginally up.

Nearly 30 stocks hit fresh 52-week low.

Nifty50 index was trading 107 points lower at 9,805, while the 30-share Sensex was 339 points down at 31,411 around 1.40 pm (IST).

In the Nifty50 pack, 5 stocks were trading in green, while 46 stocks were in red.

On BSE, 798 stocks were advancing whereas 1,632 stocks were lagging.

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