Stock Market

Stock market update: Market trades up, but these stocks crack up to 7%

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NEW DELHI: Shares of Laurus Labs (down 7.03 per cent), Mahindra Lifespace Developers (down 6.87 per cent), Mangalam Cement (down 6.14 per cent) and PI Industries (down 6.10 per cent) cracked up to 7 per cent on NSE in morning trade on Monday even as market sentiment was positive. Suzlon Energy (down 5.70 per cent), Shipping Corporation Of India (SCI) (down 5.20 per cent), Optiemus Infracom (down 5 per cent), Alok Industries (down 4.76 per cent), Taj GVK Hotels (down 4.47 per cent) and TVS Electronics (down 4.26 per cent) declined up to 5 per cent. Benchmark indices opened at fresh record high levels on Monday amid strong cues from other Asian markets.

All eyes were on the listing of HDFC Asset Management Company (HDFC AMC).

The NSE Nifty index was trading 64 points up at 11,424, while the BSE Sensex was up 238 points at 37,795 around 09:40 am. In the Nifty index, 42 stocks were in the green, while 8 were in the red. State Bank of India, ICICI Bank, UPL, Tata Steel and Bharti Airtel were among the top gainers in the Nifty index. On the other hand, Indiabulls Housing Finance, Hindustan Unilever, Power Grid Corporation, Kotak Mahindra Bank and Dr.

Reddy's Laboratories were among the top losers in the Nifty pack of stocks.




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Category: Stock Market


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