Share market update: Over 35 stocks defy weak market mood, hit 52-week highs

NEW DELHI: Over 35 stocks, including Infosys, Axis Bank, Sun Pharma, Bajaj Finserv, Bajaj Finance and GAIL (India) hit 52-week highs on NSE even as market was reflecting sombre mood amid weak global cues.

Astral Poly Technik, Dabur India, Balkrishna Industries, Exide Industries, Havells India, Jubilant Foodworks, NIIT Technologies and United Breweries too hit 52-week highs on NSE.

Equity market was almost flat amid weak global cues as a political crisis in Turkey and US-China trade war woes weighed on investor sentiment.

Moreover, an unabated fall of the Indian rupee and sustained capital outflow in the wake of a continuous rise of US dollar hit the risk appetite of investors.

Buying in select bank, IT, pharma and auto stocks, including Infosys, ICICI Bank, Axis Bank and Tata Consultancy Services, restricted the fall of the equity benchmarks.

The NSE Nifty index was trading 3 points down at 11,432, while the BSE Sensex was down 25 points at 37,827 around 10:45 am.

Among the 50 stocks in the Nifty index, 29 were trading in the green, while 21 were in the red.

GAIL (India), Bajaj Finance, Cipla, Sun Pharma and Axis Bank were among the top gainers, while Vedanta, Kotak Mahindra Bank, Hindalco Industries, Wipro and UltraTech Cement were among the top losers in the Nifty pack of stocks.