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Stock market update: Over 60 stocks defy bullish market sentiment, hit 52-week lows on NSE

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NEW DELHI: Over 60 stocks including Rollatainers, ASL Industries, Empee Distilleries, JBF Industries and Manpasand Beverages hit 52-week lows on NSE during Thursday's trade in an otherwise positive market. Shares of Arrow Greentech, Lasa Supergenerics, Arihant Foundations Housing, Nitin Fire Protection Industries, Soma Textiles, Excel Realty N Infra, Arcotech and Metalyst Forgings also featured among stocks that touched 52-week lows on NSE. Market extended its post-RBI policy rally on widespread buying, with banking, metal and realty sectors leading the gains. The central bank also retained its GDP growth forecast for 2018-19 at 7.4 per cent on hopes of higher investments and consumption. Sustained buying by domestic institutional investors (DIIs) and a firm trend at other Asian bourses supported the market sentiment. The NSE Nifty index was trading 93 points up at 10,778, while the BSE Sensex was up 313 points at 35,492 around 11 am. In the Nifty index, 44 stocks were in the green, while 6 were in the red. Power Grid, Indian Oil Corporation and Coal India were among the losers in the Nifty index.




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