Indian stock markets are trading lower on Tuesday as the geopolitical tensions brought the pessimism amid the market participants. We take a look at 10 small cap stocks which gained up to 20% amid the choppy trade today.
Indian stock markets are trading lower on Tuesday as the geopolitical tensions brought the pessimism amid the market participants. BSE Sensex fell as much as 390 points to the day’s low of 31,360.81 with 30 out of 31 scrips trading in red in the late afternoon trade. The huge sell-off led by the shares of heavyweight companies such as HDFC, Reliance Industries, and HDFC Bank contributed to further to the slump in the index. We take a look at 10 small cap stocks which gained up to 20% in today’s choppy trade.
Shares of BS Ltd rose as much as 20% to the day’s high of Rs 1.38; Ester Industries gained 19.04% to the day’s high of Rs 38.75; Shemaroo Entertainment Ltd rose 16.39% to the day’s high of Rs 387.7 and Pincon Spirits advanced 9.97% to the day’s high of Rs 57.9.
Other shares which too gained on the BSE SmallCap index includes Andhra Cements (up 6.48%), Mercator Ltd (up 7.21%), ZF Steering Gear India (up 6.74%), Genus Power Infrastructure Ltd (up 6.11%), Nutraplus India Ltd (up 4.95%), Indosolar Ltd (up 4.88%).
Indian stock markets opened weak on Tuesday led by the slump in the shares of NTPC after the government announced that it will sell 5% stake in the country’s largest power producer NTPC at Rs 168 per share to raise about Rs 7,000 crore. The sentiments were also brought down by the weaker Asian markets and US stock futures which tumbled in the early trade today after North Korea fired a missile over northern Japan, fuelling worries of fresh tension between Washington and Pyongyang. The benchmark Sensex was trading 1.14% lower at 31,388.06 points while the broader Nifty was trading down 1.18% to 9,796 points.