New Delhi, Aug. 22 -- Penny stock Akme Fintrade (India), trading under Rs.10, jumped as much as 10 per cent in intra-day deals on Friday, August 22, despite a broader sell-off in the Indian stock market. The surge came after the company announced fundraising plans via issuance of Non-Convertible Debentures (NCDs) through a private placement to eligible investors.

Indian stock market benchmarks suffered sharp losses in intraday trade today due to profit booking across segments amid mixed global cues. This reflected caution among market participants ahead of US Fed Chair Jerome Powell's speech at theJackson Hole symposium.

The Sensex crashed 600 points, or 0.73 per cent, to hit an intraday low of 81,401, while the Nifty 50 dropped 0.74 pe...