At the time of market closing on Monday, the headline equity indices, i.e. Sensex and Nifty 50 plunged over a per cent each, owing to the rising inflation fears in the US markets.  

Indices closed at the day’s low after a sharp sell-off in the last one hour dragged the market. Nifty plunged 1.21 per cent to close below 16,900 while Sensex tanked 638 points. Nifty Midcap and Nifty Smallcap slipped 1.25 per cent & 0.66 per cent, respectively.  

On Monday, the shares of Medicamen Biotech opened at Rs 1,029 per share on NSE and rallied during the early market hours to record an intraday high of Rs 1,045.20. 

The company’s image has been developed in the market due to its high-quality products through process excellence by promoting efficiencies, productivity, and professionalism. Its products include rigid PVC pipes, agriculture fittings, casing pipes for tubewell, and other precision products.  

Asia's stock market sell-off comes after worries about a global recession increased due to tightening monetary policy and nervousness in the currency and bond markets. 

Bonus issue is preferred by companies as an alternative to giving out dividends.

Nifty 50 started the session weaker due to negative global trends. Continue reading to learn more about stocks with a strong negative breakout.

At the pre-opening bell, the frontline index S&P BSE Sensex opened in red with a loss of 413.33 points.

On Friday, Indian equity markets closed on a strong note post RBI’s 50 basis point rate hike.

By hitting back-to-back upper circuits, the stock has skyrocketed more than 162 per cent in just one month.