These A and B group stocks are up by 20% in today’s trade

The Indian equity market taking cues from the US market opened with a gap down. This fall got further steeper in the next one and half hours of trade. At 10:50 AM the frontline equity indices are trading down by 1%.

Banking names such as ICICI Bank and HDFC Bank along with IT heavyweights Infosys and TCS are contributing to most of the losses on large-cap indices. One of the reasons for the fall in the IT names is the performance of the Nasdaq. In yesterday’s trade Nasdaq fell most about 1.67%. This was on the back of higher US Inflation, which has hit a 31-year high for the month of October. It increased in October by 6.2% from a year ago. This was the fastest 12-month pace since 1990 and the fifth straight month of inflation above 5%.

The breadth of the market is in favour of decline. Among Nifty 50, there are only two stocks that are trading in the green while 48 are there in red. Among Nifty 50 only Titan and L&T stocks are trading in green rest all are trading in red. Tech Mahindra and Bajaj Finserve are the worst-performing stocks.

Despite such a bloodbath in the market, there are quite a few stocks that are locked in the upper circuit. Some of them have hit 20%.

Following table shows the stocks from Group A and B from BSE that have hit the upper circuit.