Top three stocks that witnessed heavy demand from buyers in the pre-opening session today

These three stocks were the top gainers on BSE in the pre-opening session today.

At the time of the pre-opening bell, the frontline index S&P BSE Sensex opened at a level of 55,600.07, a decline of 75 points or 0.14 per cent over its previous close. By 9.15 am, the index lost 466 points and was down by 0.84 per cent to the level of 55,208.78.   

Similarly, the broad market index S&P BSE 500 was down by 0.11 per cent. On the sectoral front, metals got hammered by nearly 0.5 per cent, auto declined 0.74 per cent while the power index was trading flat.  

Amid these bearish sentiments, Mangalore Refinery & Petrochemicals Ltd, an S&P BSE 500 company, climbed 7.18 per cent to trade at Rs 97 apiece. Similarly, Chennai Petroleum Corporation Ltd, an S&P BSE Smallcap company, surged 6.96 per cent to trade at Rs 343.50 apiece. Both the petroleum companies logged their respective fresh 52-week highs today morning.   

A similar action was seen on Monday when Oil India Ltd hit a new 52-week high. The rally in these stocks could be attributed to the rising crude oil prices wherein, these companies can gain from higher price realisations.   

At the same time, the shares of V-Mart Retail Ltd, an S&P BSE 500 company, jumped 4.2 per cent to trade at Rs 3,025 apiece. The reason for this rally is unclear as no major announcements have been made by the company lately.