INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Even as equity markets were in the positive territory and all sectoral indices were in the green, over 130 stocks hit 52-week
lows on NSE during Friday's trade.
BEML, Capital First, Castrol India, Clariant Chemicals (India), Deccan Cements, Foseco India, Jet Airways
(India), Rushil Decor, Talwalkars Lifestyles and Zee Media Corporation featured among stocks that touched 52-week lows on NSE.
Equity
benchmarks were trading up on fresh buying by investors as the July derivatives contracts started on a strong note amid recovery in the
rupee.
The NSE Nifty50 index was up 61 points at 10,650, while the BSE Sensex was up 189 points at 35,227
Among the 50 stocks in the Nifty index, 39 were trading in the green, while 11 were in the red
All sectoral indices were up on the NSE, with Nifty PSU Bank, rising over 2 per cent, leading
IDBI Bank was the top gainer in the Nifty PSU Bank index amid reports LIC has finalised the deal with the lender, which will eventually
pave the way for the infusion of Rs 13,000 crore in the bank
Hindalco Industries, GAIL (India), Titan Company and State Bank of India were among the top gainers in the Nifty index.
However, Tech
Reddy's Laboratories, Asian Paints and IndusInd Bank were among the top losers in the Nifty pack of stocks.
