Authors: JordanNEW DELHI: Over 65 stocks including HPCL, IDFC Bank, Strides Shasun, and Vakrangee hit fresh 52-week lows on NSE on Monday despite broader market sentiments appeared positive.
Agarwal Industrial Corporation, Austral Coke Projects, Can Fin Homes, Mawana Sugars, TV Vision and Uttam Value Steels too featured among stocks that hit fresh 52-week lows on Monday.Market benchmark Sensex surged over 146 points in opening trade today on fresh buying by domestic institutional investors amid a strengthening rupee.Asian markets were also trading in the green as weaker-than-expected US wage growth helped calm investor fears about rising interest rates and inflation.Metal, bank, FMCG and auto stocks were leading among the gainers.
However, pharma and a few IT stocks were suffering losses, capping the gains for market.
The NSE Nifty index was trading 31 points up at 10,649, while the BSE Sensex was up 97 points at 35,012 around 10:30 am (IST).Hindalco Industries, Vedanta, Axis Bank, Hindustan Unilever and Tata Steel were among the top gainers, while Lupin, Dr.
Reddy's Laboratories, Coal India, Sun Pharma and Tata Consultancy Services were the top losers in the Nifty index.