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Market Now: Over 35 stocks hit fresh 52-week low defying bullish trend

ETMarkets.com|
Updated: Oct 03, 2017, 02.31 PM IST
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GAIL, Tata Motors, Indiabulls Housing Finance were leading the Nifty50 index.
GAIL, Tata Motors, Indiabulls Housing Finance were leading the Nifty50 index.
NEW DELHI: Over 35 stocks such as Adhunik Industries, Ballarpur Industries, Educomp Solutions, Nagarjuna Oil Refinery, Piramal Phytocare, Reliance Communications, Shilpi Cable Technologies and TV Vision hit fresh 52-week lows on NSE in Tuesday's trade defying bullish market sentiment.

On the contrary, GAIL, Bajaj Auto, Ashok Leyland, Avanti Feeds, Britannia Industries, Thomas Cook (India) and TVS Motor Company were among the 32 stocks that hit fresh 52-week highs on NSE in trade so far.

Sustained buying in consumer durables, auto, energy, metal and FMCG indices gave a boost to the domestic equity market.

Benchmark Nifty50 index was 69 points up at 9,857, while the 30-share Sensex was 222 points up at 31,505 around 1.25 pm (IST).

For trending stocks and buzzing news, track this LIVE BLOG from Dalal Street

Barring Nifty PSU Bank index, all other sectors were in the green. PSU banks such as State Bank of India, Union Bank, Bank of Baroda, IDBI and Punjab National Bank were trading in the negative zone.

Midcap stocks caught investors' attention, with shares of Dalmia Bharat (up 4.44 per cent), Apollo Hospitals Enterprise (up 4.01 per cent) and Bharat Forge (up 3.93 per cent) as the top gainers in the BSE Midcap index.

GAIL, Tata Motors, Indiabulls Housing Finance, Bharti Infratel and Aurobindo Pharma were leading the Nifty50 index.

Power Grid remained the top loser with a loss of 2 per cent. State Bank of India, Maruti Suzuki and Larsen & Toubro were the other significant losers in the Nifty pack.
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