Over 45 stocks including Alchemist, Cambridge Technology Enterprises, GTL Infrastructure and Ingersoll Rand (India) hit 52-week lows on NSE during Monday’s trade even as market was reflecting positive sentiment.
Madhucon Projects, Narayana Hrudayalaya, Shilpi Cable Technologies and Suryalakshmi Cotton MillsNSE -1.52 % also featured among stocks that touched 52-week lows.
Market was in the positive territory on easing geopolitical concerns and a sharp correction in global crude prices.
An appreciating rupee, better earnings by few companies and easing concerns over US-North Korea summit gave a fillip to investor sentiment.
The NSE Nifty index was trading 75 points up at 10,680, while the BSE Sensex was up 214 points at 35,139 around 10:45 am (IST).
In the Nifty index, 35 stocks were trading up, while 15 were down.
Barring IT, all sectors were in the green, with pharma and financial leading.
Tech Mahindra, HCL TechNSE 0.79 %, Tata Consultancy ServicesNSE 0.70 %, HindalcoNSE 0.85 % and Infosys were among the top losers in the Nifty index.