Market Now: Gammon Infra, GVK Power Infra surge over 10%
NEW DELHI: Shares of Gammon Infra (up 15.38 per cent), GVK Power Infra (up 14.19 per cent) and B L Kashyap (up 10.05 per cent) surged over 10 per cent on NSE in Friday’s trade even as the market adopted cautious stance ahead of GST rollout later in the day.
Auto, bank and realty stocks dealt a blow to the market, as July derivative series took off on a negative note.
An ET report suggested that most of the positions carried forward to the July series were on the short side and the cautious sentiment may see the index sliding toward 9,350-9,400 in the July series.
However, stocks such as Aditya Birla Money (up 9.96 per cent), Jaypee Infra (up 9.86 per cent), IVRCL (up 9.30 per cent), Bhansali Engg (up 8.59 per cent), Rico Auto (up 8.41 per cent), HEG Ltd (up 8.39 per cent) and Man Industries (up 6.67 per cent) managed to shrug off the prevailing negativity and traded higher.
Sun Pharma, Tata Steel, Vedanta, Axis Bank, SBI and InterGlobe Aviation emerged as the most active stock in terms of value, whereas JP Assocaites, GVK Power Infra, Suzlon Energy, GMR Infra, Unitech and Reliance Communications were among the most traded stocks in volume.
Benchmark Nifty50 index trimmed its losses and was 6 points down at 9,497, while the 30-share Sensex was 18 points down at 30,839 around 1.15 pm (IST).
In the Nifty50 pack, 19 stocks were trading in green, while 32 stocks were in red.
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Via:: Economic Times – Stocks