Stock market update: Over 200 stocks defy positive market mood, hit 52-week lows on NSE

NEW DELHI: Defying the positive market mood, over 200 stocks including BEML, Hero MotoCorp, Hindalco Industries, IDFC, JK Cement and Videocon Industries hit 52-week lows on NSE in Monday's trade.

Ballarpur Industries, Cera Sanitaryware, Galaxy Surfactants, Greenply Industries, Hindustan Aeronautics, ICRA, Jain Irrigation Systems, Kajaria Ceramics, JK Cement, MVL, Neuland Laboratories and Sagar Cements too featured among the stocks that touched 52-week lows on NSE.

The equity markets were in positive terrain on buying in ITC, Hindustan Unilever, ICICI Bank, Asian Paints and IndusInd Bank.


The Council this past weekend slashed GST rates 15 times to 18 per cent, from 28 per cent. The list included vacuum cleaners, washing machines, small TVs, fridge, laundry machines, paints and varnishes.

Following this, shares of Havells India (up 8.86 per cent), Bajaj Electricals (up 5.09 per cent), IFB Industries (up 4.84 per cent) and Dixon Technologies (India) (up 3.58 per cent) jumped in Monday's trade.

Nifty FMCG was the top gainer among the sectoral indices on NSE. The pack got a boost by ITC because the GST Council did not revise the cess on cigarettes.

Hero MotoCorp, Bajaj Auto and Wipro were among the top losers in the Nifty index.