New Delhi, July 24 -- Shares of small-cap artificial intelligence (AI)-focused company Blue Cloud Softech Solutions Ltd hit the 5% upper circuit at Rs.20.66 apiece on the BSE on Friday, defying the broader market weakness that dragged benchmark indices sharply lower.

Indian equity markets remained under pressure during morning trade on 24 July, with both the Sensex and the Nifty 50 declining more than 1%. The 30-share BSE Sensex slumped over 900 points, or more than 1%, to an intraday low of 75,474, while the NSE Nifty 50 fell over 260 points, or more than 1%, to touch 23,606. The recent weakness in the market has been attributed to a combination of factors, including crude oil prices rising above $100 per barrel, the ongoing US-Iran con...