NEW DELHI: Weak global cues, surging crude oil prices and a lack of fresh positive trigger at home were keeping the domestic equity market subdued.Investors were restricting their bets ahead of the expiry of June series of future and option contracts.Over 230 stocks hit 52-week lows.
However, stocks such as Bata India, Dabur India, Electrosteel Steels and Godrej Consumer Products defied bearish market mood, hitting their 52-week highs.Hexaware Technologies, Hindustan Unilever, IndusInd Bank, Infosys, Jubilant Foodworks, Nestle India, Opto Circuits (India), RBL Bank and Seamec also joined the bandwagon of stocks that touched 52-week highs on NSE.By 11:35 am, 15 stocks had hit 52-week highs on NSE.The NSE Nifty index was trading 32 points down at 10,738, while the BSE Sensex was 47 points down at 35,443 around that time.Among the 50 stocks in the Nifty index, 16 were trading in the green, while 34 were in the red.
Among the sectors, Nifty IT jumped over 1 per cent.
Nifty PSU Bank, falling over 2 per cent, was trading as the top loser among the sectoral indices.
HPCL, BPCL, Indian Oil Corporation and GAIL were among the top losers in the Nifty index.