Stock market update: Over 100 stocks hit 52-week lows on NSE

NEW DELHI: Over 100 stocks including ACC, Adani Power, BPCL, HPCL and India Cements hit 52-week lows on NSE during Thursday's trade.

Jet Airways (India), Bank of Maharashtra, MTNL, National Fertilizers, Power Finance Corporation, Tata Motors, UltraTech Cement and Vakrangee also stood among stocks that touched 52-week lows on NSE.

Equity markets were up underpinned by gains in IT, financial and bank stocks following overnight gains in the Wall Street.


US stocks ended with small gains on Wednesday after minutes from the Federal Reserve's latest meeting suggested higher inflation may not result in faster interest rate hikes, Reuters reported.

However, losses in oil, PSU bank, metal and auto stocks capped the gains.

The NSE Nifty index was trading 21 points up at 10,452, while the BSE Sensex was up 142 points at 34,487 around 10:30 am.

In the Nifty index, 29 stocks were trading with gains, while 21 were suffering losses.

Tata Motors, Grasim Industries, HPCL, BPCL, ONGC and Vedanta were the top losers in the Nifty index.