Stock market update: These stocks defy positive market mood, plunge over 7%

INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Even as equity market was in the positive territory, shares of Vakrangee (down 11.95 per cent), TBZ (down 8.11 per cent) and
Chennai Petroleum Corporation (down 7.30 per cent) plunged over 7 per cent on NSE in Tuesday's session. Asian Granito (down 6.59 per cent),
IOL Chemicals (down 5 per cent), Reliance Naval and Engineering (down 5 per cent), Optiemus Infracom (down 4.98 per cent), Adani Green
Energy (down 4.94 per cent), Camlin Fine Sciences (down 4.85 per cent) and Jaypee Infra (down 4.65 per cent) declined 5 per cent. Mirroring
recovery in Asian markets after Monday's rout, the domestic equities opened on a positive note on Tuesday
The rupee improved a little on Tuesday, opening 11 paise higher at 69.85 against the US dollar
The domestic unit on Monday nosedived to a record low of 69.93 against the greenback as heavy sell-off in global currencies, including
Turkish lira, fuelled demand for safe-haven assets
The NSE Nifty index was trading 48 points up at 11,404, while the BSE Sensex was up 157 points at 37,802 around 10:10 am. In the Nifty
index, 32 stocks were in the green, while 18 were in the red. Ultratech Cement, Axis Bank, Bajaj Finance and Tech Mahindra were among the
top gainers, while UPL, IndusInd Bank, HPCL, Vedanta and Mahindra Mahindra were among the top losers in the Nifty index.