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The Economic Times

Stock market update: Sensex, Nifty down; these stocks plunge over 10%

NEW DELHI: Shares of KEI Industries (down 14.18 per cent) and Shree Pushkar Chemicals & Fertilisers (down 11.25 per cent) plunged over 10 per cent in morning trade on Tuesday, featuring among the top losers on NSE.

Stocks such as Gravita India (down 9.71 per cent), NOCIL (down 9.37 per cent), Kamdhenu (down 7.99 per cent), Puravankara (down 7.86 per cent) and Gallantt Ispat (down 7.18 per cent) tanked over 7 per cent.

Action Construction Equipment (down 6.84 per cent), Weizmann Forex (down 6.71 per cent), Avanti Feeds (down 6.52 per cent), Som Distilleries & Breweries (down 6.48 per cent) and Thirumalai Chemicals (down 6.24 per cent) declined over 6 per cent.

The domestic equity market opened in the red on Tuesday tracking mixed cues from Asian markets.

Selling prevailed across sectors, led by bank, IT, telecom, utilities, capital goods and power stocks.

The NSE Nifty index was trading 30 points down at 10,599, while the BSE Sensex was down 79 points at 34,933 around 10 am.

In the Nifty index, 15 stocks were in the green, while 35 in the red.

Tech Mahindra, Bajaj Finance, Bajaj Finserv and Reliance Industries were leading the pack of Nifty gainers.

Power Grid Corporation of India, Indiabulls Housing Finance, Zee Entertainment and Larsen & Toubro were the top loser sin the Nifty pack.
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