Freaky Friday! Infosys, RIL, SBI, TCS zoom 20%

Imagine... a Index heavyweight stock zoom as much as 20% on any given day. Shareholders would be shouting with joy a mere imagination of the same. Today, on July 15, 2011, not one but 12 index (Sensex) stocks zoomed 20% in early trades. Alas! they were just a freak trades, as the price correction took place soon after.

However, the fact that not one but 12 stocks zoomed 20% at the opening bell on the Bombay Stock Exchange (BSE), can simply baffle many a investor. The said, 20% gain cannot be called as upper circuit simply because all these stocks are in the futures and options segment.

The impact was definitely felt on the BSE benchmark index, the Sensex, which touched a high of 19,620 - up 5.4% (1,002 points) from the previous close.

The 12 stocks in question are - BHEL, DLF, HDFC Bank, ICICI Bank, Infosys, Larsen & Toubro, ONGC, Reliance Industries, SBI, Tata Steel, TCS and Wipro.

Interestingly, out of these 12 stocks only one - HDFC Bank - was up 20% in the pre-opening session. And, the Sensex was up around 300 points in the pre-open trade.

Meanwhile, along with the Sensex, eight off these 12 stocks are now trading in the negative zone. The Sensex is now down 32 points at 18,585.

Company Name	Previous Close	Today's High	% Chg	Current Price	% Chg
BHEL	1931.15	2317.35	20.00	1928.55	-0.13
DLF	234.00	280.80	20.00	233.80	-0.09
HDFC Bank	505.90	607.05	19.99	507.60	0.34
ICICI Bank	1068.90	1282.65	20.00	1062.40	-0.60
Infosys	2740.95	3289.10	20.00	2732.00	-0.30
Larsen & Toubro	1815.95	2179.10	20.00	1808.80	-0.39
ONGC	283.64	340.35	19.99	280.70	-1.04
Reliance Inds	866.90	1040.25	20.00	573.00	-0.53
SBI	2466.40	2959.65	20.00	2480.00	0.55
Tata Steel	576.54	691.85	20.00	574.00	-0.44
TCS	1125.25	1350.30	20.00	1154.00	2.56
Wipro	411.55	493.85	20.00	413.70	0.52