New Delhi, April 23 -- Small-cap fashion stock Nandani Creation jumped 9% in Thursday's trading session despite the stock market crash. The small-cap stock opened at Rs.31.60 apiece today, as compared to the previous close of Rs.31.57 on Wednesday.

The Indian stock market extended its sharp decline for a second straight session on Thursday, April 23. During intraday trade, the 30-share Sensex tumbled over 850 points, or more than 1%, while the Nifty 50 also slid about 1%, hitting a low of 24,135 for the day.

The stock rally came in after the Nanadani Creation announced that it's women's ethnic brand Jaipur Kurti with Reliance Fashion Factory (formerly known as Brand Factory).

According to the press release dated 23 April, the partnersh...