Share Market News: Vishal Fabrics Shares Surge Over 11 Per Cent Amid Market Volatility

Shares of Vishal Fabrics surged over 11 per cent on Monday even as equity benchmark indices declined in early trade as investors opted to book profits after the recent record rally in equities. The counter opened in green at Rs 24.45. It surged further to hit a new 52-week high of Rs 26.95, a gain of around 11.55 per cent from the previous close of Rs 24.16 on the BSE.
Stock has been gaining for the last 2 days and has risen 10.78% returns in the period. Also, Vishal Fabrics is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages.
Meanwhile, mixed cues from Asian markets also added to the muted trend in domestic equities. After beginning the trade on a weak note, the 30-share BSE Sensex further declined 204.39 points to 79,792.21. The NSE Nifty dipped 40.75 points to 24,283.10. Among the Sensex pack, Titan, Asian Paints, Adani Ports, Bajaj Finserv, UltraTech Cement and Maruti were the biggest laggards.
Tata Motors, Tech Mahindra, ICICI Bank and State Bank of India were among the gainers. In Asian markets, Shanghai and Hong Kong were trading lower while Seoul and Tokyo quoted in the green.
US markets ended with gains on Friday.
In a volatile session on Friday, the broader NSE Nifty continued its record-breaking run and inched up 21.70 points or 0.09 per cent to close at its lifetime high of 24,323.85. The BSE benchmark, however, dropped 53.07 points or 0.07 per cent to settle at 79,996.60. Global oil benchmark Brent crude dipped 0.09 per cent to USD 86.46 a barrel.
Foreign Institutional Investors (FIIs) bought equities worth Rs 1,241.33 crore on Friday, according to exchange data.
(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)