Stock market update: Nearly 180 stocks hit 52-week lows on NSE
The unabated slide of the Indian rupee against the US dollar further dampened the sentiment.
By ETMarkets.com | Updated:
ThinkStock Photos
NEW DELHI: As many as 177 stocks, including Indiabulls Integrated Services, Kajaria Ceramics, Kitex Garments, Kwality, Max Financial Services, Neuland Laboratories, Power Grid Corporation, Punj Lloyd, Tata Motors and United Bank of India hit 52-week lows on NSE on Thursday.
Losses in energy, IT, pharma, consumer durables, metal and teck stocks, in the backdrop of negative Asian cues, and depreciating Indian currency against the US dollar caused the market to snap its two-day winning streak on Thursday.
Market barometer Sensex remained listless through the day, barring intermittent small gains, as investors looked for direction while the imminent imposition of US tariffs on China kept them on tenterhooks.
The unabated slide of the Indian rupee against the US dollar further dampened the sentiment.
The BSE Sensex fell for 71 points, or 0.20 per cent, stopping at 35,575, with 15 stocks in the green and 16 in the red.
The NSE Nifty50 shed 20 points, or 0.19 per cent, to settle at 10,750, with 26 stocks advancing and 24 declining.
Among the sectors on NSE, IT, metal, pharma, PSU bank and realty suffered losses, whereas Nifty Media settled flat.
YES Bank, Ultratech Cement and ITC led the pack of Nifty gainers.
On the other hand, Titan Company, Infosys and Vedanta stood as the top losers in the Nifty index.
Losses in energy, IT, pharma, consumer durables, metal and teck stocks, in the backdrop of negative Asian cues, and depreciating Indian currency against the US dollar caused the market to snap its two-day winning streak on Thursday.
Market barometer Sensex remained listless through the day, barring intermittent small gains, as investors looked for direction while the imminent imposition of US tariffs on China kept them on tenterhooks.
The unabated slide of the Indian rupee against the US dollar further dampened the sentiment.
The BSE Sensex fell for 71 points, or 0.20 per cent, stopping at 35,575, with 15 stocks in the green and 16 in the red.
The NSE Nifty50 shed 20 points, or 0.19 per cent, to settle at 10,750, with 26 stocks advancing and 24 declining.
ADVERTISEMENT
Among the sectors on NSE, IT, metal, pharma, PSU bank and realty suffered losses, whereas Nifty Media settled flat.
YES Bank, Ultratech Cement and ITC led the pack of Nifty gainers.
On the other hand, Titan Company, Infosys and Vedanta stood as the top losers in the Nifty index.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
