New Delhi: Investors appear to have ignored regulator SEBI's clamp down on 24 market players for their possible involvement in an IPO scam, as they continued to buy into companies whose public issues figured in the investigation.
Stocks of 19 companies, which were among the 105 firms to have tapped the market between 2003-05 and caught the regulator's attention, remained more or less insulated from the brief panic on Dalal Street on Friday.
An analysis of movement of these stocks showed that some, including NTPC, Tata Consultancy Services, Yes Bank and Datamatics Technologies soared higher, while others ended the day flat or marginally down.
NTPC gained by 4.87 per cent to close at Rs 135.75, while TCS gained 1.55 per cent to close at Rs 1,982.10.
The highest increase was witnessed by Datamatics, whose shares went up 12.72 per cent to Rs 72.20 at the close of Friday's trading on BSE.
Among the losers were Patni Computers (-6.19) Amar Remedies (-5.19 per cent), Jet Airways (-1.16 per cent) and IL and FS (-1.96 per cent).
The market benchmark sensex too shrugged off the initial panic generated by yesterday's Sebi order banning 24 market players, including brokers and primary dealers.
Sensex, which plunged by 491 points within minuted of commencement of trading today ended the day 17 points higher.
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