Sensex Drops! But These BSE Stocks Surge Over 15%

Stocks Rallied news: Many stocks gained upwards of 15% during Mumbai market on Monday when equity standards, such as BSE Sensex and NSE Nifty were trading in the red amid rapid selling in bluechips that are frontline.

Coffee Day Ent(up 19.68 percent) IB Informationtech Enterprises(up 18.86 percent) MPS Ltd(up 16.58 percent) as well as Ishita Drugs(up 15.46 percent) included among those stocks which rose by more than 15%..

The index for stocks rallied over 15 on BSE was trading 138.53 points lower at 72947.41 The 50-share index NSE had 46.3 points lower at 22073.0.

Within the Nifty50 index 19 stocks were trade in the green while 31 stocks rallied in red.

Stocks like TCPL Packaging Covance Softsol L, Sobhagya Mercantile, Narmada Macplast and Bio Green Paper reached their 52-week highs for the first time and Capital Infra Trust, International Gemmol, ST Corporation, RR Financial and Sharp India hit their new 52-week lows during the session.

Apart from that, Reliance Industries led the growth, gaining 2.5 percent, closely followed by ITC, Maruti Suzuki, TCS, Asian Paints and HUL.

The index heavyweights who pulled the BSE Sensex down on Wednesday, in terms of contribution comprised HDFC Bank contributing 182 points. Other index giants include ICICI Bank (128 points), Infosys (100 points), ICICI Bank (81 points) and Axis Bank (77 points).

Its Nifty Realty index too experienced significant pressure, falling 1.82 percent. It was closely followed by Nifty PSU Bank, which fell 1.58 percent. Financial indexes were among the most sluggish performing in the index, with Nifty Financial Services falling 1.51 percent.

Private and healthcare stocks also suffered with they both suffered, as the Nifty Healthcare Index, as well as Nifty Private Bank dropped by more than 1.2 percent. Additionally Nifty IT index also suffered. Nifty IT index dropped 0.78 percent, which is a reflection of the weakness of technology stocks as did Nifty Media fell 0.99 percent.