Market Now: Over 15 stocks defy negative market mood, hit fresh 52-week highs on NSE

NEW DELHI: Over 15 stocks including Cyient, Indiabulls Ventures, Pidilite Industries, Pioneer Distilleries, Sandhar Technologies and Ujjivan Financial Services hit fresh 52-week highs on NSE during the early Thursday trade, defying negative market mood.

However, over 90 stocks including Balrampur Chini Mills, Bharat Electronic and Chennai Petroleum Corporation hit fresh 52-week lows.

The equity benchmarks Sensex and Nifty50 were in the red on weak Asian cues as tariff woes between the US and China returned, ahead of trade talks between the two countries.


Market participants booked profits tracking a weak trend in other Asian bourses, following overnight losses on the Wall Street after the US Federal Reserve kept its benchmark interest rate unchanged at 1.5 per cent to 1.75 per cent.

The NSE Nifty index was trading 58 points down at 10,660, while the BSE Sensex was down 136 points at 35,040 around 10:45 am (IST).

Among the 50 stocks in the Nifty index, 14 were trading in the green, while 36 were in the red.

Bharti Infratel (up 3.11 per cent), Axis Bank (up 1.80 per cent), ICICI Bank (up 1.26 per cent), NTPC (up 0.91 per cent) and Adani Ports & SEZ (up 0.67 per cent) were among the top gainers in the Nifty index.

HCL Technologies (down 6.85 per cent), Eicher Motors (down 2.06 per cent), UPL (down 1.90 per cent), Vedanta (down 1.89 per cent) and Cipla (down 1.78 per cent) were among the top losers in the Nifty pack.