Sensex falls! But these stocks rallied over 15% on BSE in today's trade

Sensex falls! But these stocks rallied over 15% on BSE in today's trade
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Synopsis

In the Nifty50 index, 21 stocks closed in the green, while 29 stocks ended in the red.

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Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.

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NEW DELHI: Several stocks rallied as much as 15% in Mumbai trading on Tuesday even as equity benchmarks, BSE Sensex and NSE Nifty, traded in the red amid brisk selling in frontline bluechip counters.

Stocks that surged in excess of 15% included, Expo Gas Cont(20.0%), Palm Jewels(20.0%), Concord Drugs(20.0%), & Technology Ltd.(20.0%), Ltd.(20.0%), Jindal Photo(19.99%), Tainwala Chem(19.98%), MBL Infra(19.95%), Insilco Ltd(19.95%) and Sakthi Sugars(19.87%).

The 30-share BSE Sensex ended 48.99 points down at 59196.99, while the 50-share index, NSE closed 10.2 points down at 17655.6.

In the Nifty50 index, 21 stocks closed in the green, while 29 stocks ended in the red.

Meanwhile, stocks such as Gretex Corporate Services Ltd., , , PAE Ltd and hit their fresh 52-week high, while Gennex Labs(PP), , Rhetan TMT Ltd., S M Gold and touched their new 52-week low in today's trade.

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