INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Berger Paints, Biocon, Avenue Supermarts and Edelweiss Financial Services featured among the stocks that touched 52-week highs on
NSE during Tuesday's trade despite weak market sentiment.
By 10:35 am, as many as 16 stocks had hit 52-week highs on NSE.
The bandwagon of
stocks that hit 52-week highs was joined by GMM Pfaudler, Hexaware Technologies, JMC Projects, Optiemus Infracom, Pidilite Industries,
Radico Khaitan and Seamec also.
Market was cautious due to profit-taking amid weak Asian cues as uncertainty over the US-North Korea summit
and a political crisis in Italy dealt a blow to sentiment.
Auto, IT, pharma and FMCG stocks were witnessing buying interest, while bank,
financial and media stocks were suffering under selling pressure
The NSE Nifty index was trading 9 points up at 10,697, while the BSE Sensex was 16 points up at 35,181 around 10:35 am.
Among the 50 stocks
in the Nifty50 pack, 32 were trading in the green, while 18 were in the red
GAIL, Lupin, Sun Pharma and Larsen Toubro were leading among Nifty gainers.
