Authors: TheIndianSubcontinent News AgencyNEW DELHI: Over 85 stocks including Kotak Mahindra Bank, Mahindra Mahindra, Mindtree, Nestle India and Cyient hit fresh 52-week highs on NSE during Wednesday's trade, defying the cautious mood of broader markets.
Stocks such as Dabur India, Escorts, Firstsource Solutions, Hindustan Unilever, Jubilant Foodworks, Bharat Bijlee, Bharat Rasayan, Bombay Dyeing Mfg Company, Britannia Industries, Pidilite Industries and Tata Chemicals also joined the bandwagon of stocks that hit fresh 52-week highs on NSE.However, over 100 stocks including GTL Infrastructure, HDIL, Mahanagar Gas, PC Jeweller, Vakrangee and Videocon Industries hit fresh 52-week lows on NSE during Wednesday's trade.The NSE Nifty index was trading 3 points up at 10,742, while the BSE Sensex was 339 points up at 35,199 around 11:10 am (IST).Among the 50 stocks in the Nifty index, 23 were trading in the green, while 27 were in the red.Auto stocks Bajaj Auto, Tata Motors and Maruti Suzuki were trading with gains, buoyed by good April sales numbers.On the other hand, bank, metal and IT stocks were among the top drags.
Kotak Mahindra Bank, rising 5 per cent, was topping the Nifty pack of stocks.HCL Tech, Vedanta and ICICI Bank were the top losers in the Nifty index.