Market Now: Over 40 stocks hit fresh 52-week lows on NSE

ETMarkets.com|
Mar 05, 2018, 10.56 AM IST
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Market Now: Over 40 stocks hit fresh 52-week lows on NSE
Among the 50 stocks in the Nifty index, 45 were in the red.
NEW DELHI: Over 40 stocks including Bank of India, Bosch, Dhanlaxmi Bank and Gitanjali Gems hit fresh 52-week lows on NSE during Monday's trade.

Jindal Photo, Jindal Cotex, Lakshmi Vilas Bank, Punjab & Sind Bank, Uttam Galva Steels and Vakrangee also joined the bandwagon of stocks that hit fresh 52-week lows on NSE.

On the other hand, Cholamandalam Investment and Finance Company, Damodar Industries, Ramgopal Polytex and Zenith Birla (India) were among the 9 stocks that hit fresh 52-week highs on NSE in Monday's trade so far.

Benchmark indices were in the negative territory due to selling in metal, pharma, bank and auto stocks.

Metal counters were reeling under pressure after US President Donald Trump last week said his government would impose hefty duties on imported steel and aluminium.

The NSE Nifty index was trading 99 points down at 10,359, while the BSE Sensex was down 290 points down at 33,757 around 10:35 am (IST).

Among the 50 stocks in the Nifty index, 5 were trading in the green, while 45 were in the red.

Tech Mahindra, Tata Consultancy Services, Adani Ports & Special Economic Zone, Axis Bank and Infosys were the gainers in the Nifty50 index.

On the other hand, Aurobindo Pharma, Hindalco Industries, Tata Motors, YES Bank, Hindustan Unilever were among the top losers in the Nifty pack of stocks.
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