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Market Now: Sensex, Nifty down; over 25 stocks hit fresh 52-week lows

ETMarkets.com|
Updated: Jan 30, 2018, 10.48 AM IST
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Market Now: Sensex, Nifty down; over 25 stocks hit fresh 52-week lows
Asian Paints and Eicher Motors declined 2 per cent in each in the Nifty50 index.
NEW DELHI: Over 25 stocks including Aditya Birla Capital, D.B.Corp, Bank of Maharashtra, Multi Commodity Exchange of India and Sangam (India) hit fresh 52-week lows on NSE in Tuesday's trade.

Shares of SRS, Triveni Engineering & Industries, United Bank of India, Uttam Galva Steels, Uttam Value Steels and Vivimed Labs also joined the bandwagon of stocks that hit fresh 52-week lows on NSE.

The benchmark indices slipped from the record highs to open lower today on profit-booking in recent gainers amid weak leads from global markets.

Brokers said apart from profit-booking at record levels by participants, a weak trend at other Asian markets following overnight losses at Wall Street hurt the trading sentiment.

Around 10:40 hours, the NSE Nifty index was trading 84 points down at 11,047, while the BSE Sensex was 221 points down at 36,063.

Among the 50 stocks in the Nifty50 index, 10 were in the green, while 40 were in the red.

State Bank of India, Punjab National Bank, Ashok Leyland, Idea Cellular, Bank of Baroda, Tech Mahindra and Bharti Airtel were among the most traded stocks on NSE.

Shares of Hindustan Petroleum Corporation and Bharat Petroleum Corporation were the top gainers in the Nifty50 index, each gaining over 2 per cent.

On the contrary, Asian Paints and Eicher Motors declined 2 per cent in each in the Nifty50 index.
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