Share market update: These stocks defy bearish market mood, surge over 10%

NEW DELHI: Defying the bearish mood of domestic equity market, shares of Shrenik (up 14.29 per cent), Patel Engineering (up 11.48 per cent) and Datamatics Global Services (up 10.45 per cent) surged over 10 per cent on NSE in Thursday's session.

Stocks such as, JTEKT India (up 9.95 per cent), Vakrangee (up 8.36 per cent), Godawari Power And Ispat (up 7.70 per cent), Tamil Nadu Newsprint & Papers (up 6.82 per cent), Shilpa Medicare (up 6.47 per cent) and BF Investment (up 6 per cent) jumped over 6 per cent.

Frontline indices Sensex and Nifty kicked-off Thursday's session on a negative note as a political crisis in Turkey and US-China trade war woes weighed on investor sentiment.

Moreover, an unabated fall of the Indian rupee and sustained capital outflow in the wake of a continuous rise of US dollar hit the risk appetite of investors.

However, the market pared some losses on buying in select bank and auto stocks, including ICICI Bank, Axis Bank and Maruti Suzuki.

The NSE Nifty index was trading 10 points down at 11,425, while the BSE Sensex was down 45 points down at 37,807 around 10:05 am.

In the Nifty index, 29 stocks were in the green and 21 were in the red.

GAIL (India), Bajaj Finance, Axis Bank, Cipla and Sun Pharma were among the top gainers, while Vedanta, Kotak Mahindra Bank, Hindalco Industries, Zee Entertainment and Wipro were among the top losers in the Nifty index.