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Market Now: Sensex, Nifty soar, but these stocks crack up to 25% on NSE

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NEW DELHI: Shares of Uttam Value Steels cracked 25 per cent on NSE in the early trade on Tuesday, even as market sentiment was bullish as BJP was seen taking lead in the Karnataka election counting.

KSS (20 per cent) and Shekhawati Poly-Yarn (14.29 per cent) were up next among the top losers on NSE.

Shares of Kesar Enterprises (7.51 per cent), Neueon Towers (7.14 per cent), Splendid Metal Products (6.67 per cent), Lanco Infratech (6.25 per cent), SPL Industries (6.15 per cent) and Sambhaav Media (5.41 per cent) cracked over 5 per cent on NSE.

Equity markets registered a positive opening on Tuesday as vote count for the Karnataka elections showed BJP leading.

The NSE Nifty index was trading 110 points up at 10,916, while the BSE Sensex was up 416 points at 35,973 around 10:10 am.

Among the 50 stocks in the Nifty50 pack, 43 were trading in the green, while 7 were in the red.

All sectors were in the green on NSE. Nifty Metal was the top gainer among the sectoral indices.

Tata Steel, Power Grid and Axis Bank were leading the pack of Nifty gainers.

On the other hand, Tata Motors, HPCL and Bharti Infratel were among the top losers in the Nifty index.

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