INSUBCONTINENT EXCLUSIVE:
NEW DELHI: As many as 50 stocks including Galaxy Surfactants, Hindustan Aeronautics, Jagran Prakashan, Khaitan Electricals, Mandhana
Industries, Rana Sugars, Tamilnadu Telecommunication and Videocon Industries hit 52-week lows on NSE on Thursday.
Sustained selling in a
majority of sectors, led by IT, bank and consumer durables, in the light of weak global cues weighed on market sentiment as benchmarks Nifty
and Sensex snapped their 3-day winning streak on Thursday
Market participants' risk appetite got a hit owing to negative global sentiment after the US Federal Reserve hiked interest rates for the
second time this year and hinted at two more such hikes in the remainder of 2018.
Besides, concerns over widening current account deficit
(CAD) at home and data showing lower-than-expected Chinese factory output growth also hit sentiment.
Also, a government data released today
showed that the Wholesale Price Index (WPI) based inflation shot up to a 14-month high of 4.43 per cent in May on increasing fuel prices
Sensex closed down by 139 points or 0.39 per cent to 35,600 on Thursday
However, Nifty managed to hold the psychologically important level of 10,800
The 50-share index settled 49 points, or 0.45 per cent, down to 10,808.
In the Nifty pack, 20 stocks settled in the green and 30 in the red
The Sensex index saw 14 stocks advancing and 17 declining at the end of today's session.
