Over 115 stocks hit fresh 52-week lows on NSE on Friday

NEW DELHI: As many as 116 stocks including Allahabad Bank, BEML and United Bank of India hit fresh 52-week lows on NSE on Friday.

Dalmia Bharat Sugar and Industries, Dhanlaxmi Bank, Gitanjali Gems, Jindal Photo, Moser-Baer (I), TV Vision and Uttam Value Steels also stood among the stocks that hit fresh 52-week lows on NSE on Friday.

Equity benchmarks Nifty50 and Sensex closed in the red on Friday due to selling in metal, bank and pharma stocks.


The BSE Sensex closed the day 44 points, or 0.13 per cent, down at 33,307, while the NSE Nifty50 index settled 16 points, or 0.15 per cent, down at 10,227.

Among the 50 stocks in the Nifty50 index, 22 settled in the green, while 28 in the red.

For the week, both Sensex and Nifty declined over 2 per cent.

Tech Mahindra, Bajaj Finance, Tata Consultancy Services, Zee Entertainment Enterprises, Eicher Motors and HDFC settled as the top gainers in the Nifty50 index.

On the other hand, Tata Steel, Axis Bank, Adani Ports and Special Economic Zone, YES Bank, Sun Pharmaceutical Industries and Power Grid Corporation of India stood among the top losers of the day.

Among the sectoral indices on NSE, barring Nifty Media, IT and FMCG, all other sectoral indices closed in the red. Nifty IT remained the top gainer among the sectoral indices on NSE, while Nifty PSU Bank and Nifty Metal remained the top losers, each declining 1.81 per cent.