Market Now: Sensex tanks 300 points; these stocks crack over 15%

NEW DELHI: Shares of LCC Infotech (down 20 per cent), Shekhawati Poly (down 20 per cent), Cigniti Tech (down 19.99 per cent), Prakash Industries (down 19.99 per cent), J.Kumar Infraprojects (down 19.99 per cent) and Aarvee Denims (down 15.94 per cent) tanked over 15 per cent on NSE in Friday's trade amid the prevailing pessimism in the markets.

Stocks such as Sanghvi Movers (down 13.65 per cent), Indo Count Industries (down 12.97 per cent), Prakash Steel (down 12.50 per cent), JP Associates (down 11.16 per cent), Uttam Value Steels (down 11.11 per cent), STL Global (down 10.16 per cent) and Precision Camshafts (down 10.10 per cent) cracked over 10 per cent.

Benchmark Nifty50 and Sensex continued trading in the negative territory after global bourses remained depressed on account of escalating geopolitical tensions between the US and North Korea.

As per PTI, besides continuous selling and sustained foreign fund outflows, deep losses at other bourses and the US markets due to escalating North Korea tensions led to a further slide in the Sensex.

Barring Nifty Pharma, all other sectoral indices were in red, with Nifty PSU Bank index cracking over 4 per cent. The Nifty PSU Bank index was trading 4.28 per cent down at 3,313 around 1.45 pm (IST).

The big fall in the index occurred as the index heavyweight State Bank of India cracked over 5 per cent after it reported its gross non-performing asset rose to 9.97 per cent of gross advances in June quarter from 6.9 per cent in March quarter.

Nifty50 index was trading 97 points lower at 9,724, while the 30-share Sensex was 304 points down at 31,228 around the same time.

In the Nifty50 pack, 13 stocks were trading in green, while 38 stocks were in red.

On BSE, 845 stocks were advancing whereas 1,555 stocks were lagging.


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