Top three stocks that rallied amid falling markets in the pre-opening session today
These three stocks were the top gainers on BSE in the pre-opening session today.
At the pre-opening bell, the frontline index S&P BSE Sensex opened in red with a loss of 481.97 points or 0.81 per cent. By 9.15 am, the index further weakened to 58,659.24, signifying a loss of 877.83 points or 1.47 per cent.
On the sectoral front, in the pre-opening session, metals got hammered by 1.2 per cent, power weakened by 0.5 per cent whereas auto slipped over a per cent.
Meanwhile, NELCO Ltd, Tata Teleservices (Maharashtra) Ltd, and Cigniti Technologies Ltd emerged as the Top Gainers of BSE in the pre-opening session today. Barring NELCO, the other two companies have not made any significant announcements of late. Hence, the rally in their share prices could be driven purely by the market forces.
NELCO Ltd, an S&P BSE Smallcap company, surged 4.87 per cent to trade at Rs 1,037.60 apiece. Last week, the company announced that it signed an agreement with Intelsat Commercial Aviation to offer inflight connectivity in India’s airspace.
Tata Teleservices (Maharashtra) Ltd, an S&P BSE 500 company, rallied 3.73 per cent to trade at Rs 112.50 apiece.
Cigniti Technologies Ltd, another S&P BSE Smallcap company, climbed 3.69 per cent to trade at Rs 598 apiece.