Share market update: 185 stocks buck the bullish mood of market, hit 52-week lows

NEW DELHI: As many as 185 stocks, including Antarctica, Banaras Beads, BEML, Bank of Baroda, Brigade Enterprises, Capital First and Clariant Chemicals (India) hit 52-week lows on NSE on Friday.

Dhunseri Investments, DIC India, Jet Airways (India), Bank of Maharashtra, Neuland Laboratories, Somany Ceramics, Swelect Energy Systems and VA Tech Wabag also featured among stocks that touched 52-week lows.

Indian stocks rebounded impressively on Friday, snapping two-day losing streak as the July derivatives contracts started on a strong note.

Factors including a recovery in Indian rupee, easing global crude oil prices and firm global cues supported the rally.

The Indian rupee recovered significantly against the US dollar on Friday on fresh selling of the American currency by banks and exporters.

A tepid slump in the global crude oil prices also influenced the sentiment.

The Sensex index closed Friday's session 386 points, or 1.10 per cent, up at 35,423, with 24 stocks advancing and 7 declining.

The Nifty index gained 125 points, or 1.18 per cent, to end the day at 10,714, with 40 stocks in the green and 10 in the red.

Dr. Reddy's Laboratories, Tech Mahindra, IndusInd Bank, Hero MotoCorp and Mahindra & Mahindra stood as the top losers in the Nifty index.