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Stock market update: Over 45 stocks hit 52-week lows on NSE

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.

 

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