Opening spotlight: These three Group A stocks emerge unscathed from the market fury in the pre-opening session
These three stocks were the top gainers on BSE in the pre-opening session today.
The markets witnessed a major sell-off today. At the pre-opening bell today, the frontline index S&P BSE Sensex opened in the red. By 9.15 am, the index lost over 1,185 points or 2.18 per cent to trade at the level of 53,117.50. Further, for the first time ever, the rupee crossed 78 against the US dollar, hitting a record low.
All the major indices painted a similar picture. During the pre-opening session, all the indices were trading in the red. The metals got hammered by over 1.5 per cent, oil & gas index tanked nearly 1.9 per cent while the power weakened by 1.6 per cent.
Amid these bleeding markets, Future Retail, Future Consumer, and Ajanta Pharma fared well, emerging as the Top Gainers from Group A.
Future Retail Ltd, an S&P BSE Smallcap company, gained nearly 5 per cent to trade at Rs 8.47 apiece and hit the upper circuit.
Similarly, Future Consumer Ltd, another S&P BSE Smallcap company, too hit its upper circuit set at 5 per cent to trade at the level of Rs 2.37 apiece.
At the same time, the shares of Ajanta Pharma Ltd, an S&P BSE 200 company, climbed 3.54 per cent to trade at Rs 1,858.20 apiece.
None of the above-mentioned three companies have made any major announcements lately. Hence, the rally in their respective share prices could be purely driven by the market forces.