Stock market update: Nearly 70 stocks hit 52-week lows despite positive market mood

NEW DELHI: As many as 66 stocks, including 8K Miles Software Services, Apar Industries, Bajaj Auto and General Insurance Corporation of India defied positive market sentiment to hit 52-week lows on NSE on Thursday.

InterGlobe Aviation, Jagran Prakashan, Manpasand Beverages, Navneet Education, Patspin India, Symphony, Unichem Laboratories and Varroc Engineering too featured among stocks that touched 52-week lows on NSE.

Frontline indices Sensex and Nifty attained fresh closing-highs on Thursday owing to gains led by bank, financial and FMCG stocks, as investors embarked on short-covering of bets on the last session of the futures and options contracts of July series.


Sensex scaled the all-time peak of 37,061.62 soon after opening Thursday's session in the wake of overnight gains in the Wall Street after the US and European Union agreed to take steps to mitigate the prospects of a trade war. However, major Asian markets remained subdued owing to earnings woes.

At the closing, Sensex was 126 points, or 0.34 per cent, up at 36,985, with 18 stocks advancing and 13 declining.

Nifty finished the day at 11,167, up 35 points, or 0.32 per cent. Overall, 26 stocks settled in the green and 24 in the red in the index.

YES Bank, Maruti Suzuki India, Indian Oil Corporation, HPCL and BPCL stood as the top losers in the Nifty index.