INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Shares of Refex Industries (up 11.54 per cent), Zicom Electronic Security Systems (up 11.11 per cent) and Solara Active Pharma
Sciences (up 10 per cent) surged 10 per cent on NSE during Friday's trade, while equity markets erased opening gains to turn flat.
Market
erased the gains of opening session on fresh selling in bank, oil, auto and FMCG stocks
Weak macro triggers turned investors cautious even as global cues were firm.
On Thursday, a government data showed that the retail
inflation accelerated to a five-month high of 5 per cent in June compared to 4.87 per cent in May, while industrial production moderated to
3.2 per cent in May compared to 4.9 per cent in April.
Barring Nifty Metal and IT, that were marginally up, all sectors were under pressure
The NSE Nifty index was trading flat at 11,022, while the BSE Sensex was up 39 points at 36,587 around 10:30 am.
In the Nifty index, 19
stocks were in the green and 31 were in the red.
Wipro, Coal India, Infosys, Reliance Industries and Kotak Mahindra Bank were among the top
gainers in the Nifty index.
On the contrary, Bharti Infratel, UPL, HCL Technologies, State Bank of India and ONGC were among the top losers
in the Nifty pack of stocks.
