INSUBCONTINENT EXCLUSIVE:
NEW DELHI: As many as 70 stocks including Bannari Amman Sugars, Bharati Defence and Infrastructure, Eveready Industries India, Sundaram
Finance Holdings and Zylog Systems hit 52-week lows on NSE on Wednesday.
Indian equity benchmarks extended losses to the second day on
Wednesday on losses in bank, financial, capital goods, pharma, oil gas and auto stocks
Market sentiment was hit by weak global cues due to a lingering political crisis in Italy and renewed trade war fears between the US and
Moreover, investors turned to profit-booking ahead of the May month derivatives expiry tomorrow.
The Sensex slipped 43 points, or 0.12 per
cent on Wednesday, settling at 34,906 with 11 stocks advancing and 20 declining.
The Nifty50 fell 19 points, or 0.18 per cent, ending the
day at 10,614, with 18 stocks in the green and 32 in the red.
Among the sectors, Nifty Pharma declined over 1 per cent, emerging as the top
loser among the sectoral indices.
Besides pharma, auto, FMCG, IT, media and realty too remained in the negative zone.
