INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Over 65 stocks including Avadh Sugar Energy, Bhushan Steel, Bombay Rayon Fashions and Centrum Capital hit fresh 52-week lows on
NSE during Friday's trade, remaining immune to the prevailing positive sentiment in broader markets.
Dalmia Bharat Sugar and Industries,
Dhampur Sugar Mills, Dwarikesh Sugar Industries, Jaypee Infratech, Uttam Value Steels, Vakrangee and Videocon Industries were also among the
stocks that hit fresh 52-week lows on NSE today.
Equity benchmarks were trading in the positive territory at the beginning of May series of
derivative contracts.
Buying was observed across sectors, but IT stocks were feeling the heat of selling
Bank, auto, capital goods, energy and realty stocks were leading the pack of gainers
The NSE Nifty index was trading 72 points up at 10,689, while the BSE Sensex was up 260 points at 34,973 around 11:10 am (IST).
Among the
50 stocks in the Nifty index, 39 were trading with gains, while 11 were losing in trade
State Bank of India, Axis Bank, ICICI Bank, HPCL and Eicher Motors were among the top gainers in the Nifty index.
However, HCL Tech, Wipro,
Tech Mahindra, TCS and NTPC were among the top losers in the Nifty pack of stocks.
