200 stocks defy market bloodbath

As many as 206 stocks defied bearish overall trend to trade in the positive zone on Monday even as the broader market witnessed a bloodbath with the Sensex plunging to an intra-day fall of over 1,200 points till noon.

Among major gainers, stocks of Nestle India gained nearly 2 per cent on the bourses. The shares opened at Rs 6,100.00 and surged 1.76 per cent to a high of Rs 6,206.70 on Bombay Stock Exchange.

On the NSE, similar trend was seen as the stock opened at Rs 6,078 and touched an intra-day high of Rs 6,208.75, up 1.93 per cent from its previous close.

Among others, Videocon Industries jumped 4.36 per cent to an intra-day high of Rs 143.30, while Sunrise Asian was trading with gains of 0.81 per cent.

Other stocks that were trading in the positive zone include -- Orissa Sponge and Iron (up 17.83 per cent), Emami Infrastructure (up 11.83 per cent), Jindal Worldwide (up 4.55 per cent and Binny Mills (up 4.38 per cent) among others.

Moreover as many as 47 scrips witnessed their 52 week highs despite heavy selling and weak investor sentiment in the market.

However, among Sensex stocks all were trading in the negative zone.