NEW DELHI: Shares of Hindusthan National Glass Industries (up 19.98 per cent), ITI (up 12.55 per cent) and Jaiprakash Power Ventures (up 10.94 per cent) surged over 10 per cent on NSE in morning trade on Thursday in an otherwise weak market.
Stocks such as United Bank of India (up 8.89 per cent), Greaves Cotton (up 8.46 per cent), Shalby (up 7.70 per cent), Kitex Garments (up 7.12 per cent), Jaiprakash Associates (up 6.31 per cent), PTC Financial (up 5.88 per cent) and Honda Siel Power (up 5.68 per cent) also witnessed decent traction.Equity market sentiment was subdued on the last day of August series of futures and options contracts.
Rupee's unabated fall too weighed on the risk appetite of investors.
The NSE Nifty index was trading 32 points down at 11,660.15, while the BSE Sensex was down 85.55 points at 38,637.38 around 10:10 am.Among the 50-stocks in the Nifty index, 18 stocks were in the green and 32 were in the red.UPL, ITC, Bharti Airtel, Power Grid Corporation and Dr.
Reddy's Laboratories were among the top gainers, while HPCL, Axis Bank, Indian Oil Corporation, HCL Technologies and Tech Mahindra were among the top losers in the Nifty index.