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, 18 stocks closed in the green, while 32 stocks ended in the red.

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Mazhar Mohammad of Chartviewindia.in said technical indicators are turning mixed as the weekly MACD chart has generated a 'buy' signal, giving an edge to the bulls.

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NEW DELHI: Several stocks rallied as much as 15% in Mumbai trading on Wednesday 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, Madhusudan Ind(20.0%), Gujarat Hy-Spin(19.97%), Modern Steels(19.33%) and Liberty Shoes(15.92%).

The 30-share BSE Sensex ended 509.24 points down at 56598.28, while the 50-share index, NSE closed 148.8 points down at 16858.6.

In the Nifty50 index, 18 stocks closed in the green, while 32 stocks ended in the red.

Meanwhile, stocks such as , , EP Biocomposites Ltd., and hit their fresh 52-week high, while , , Corp, Ltd and touched their new 52-week low in today's trade.

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