Stock market update: Over 35 stocks defied weak market mood, hit 52-week highs

NEW DELHI: Over 35 stocks, including Infosys, ITC, Nestle India, Sun Pharma, Tech Mahindra, Divi's Laboratories and Glenmark Pharmaceuticals, hit 52-week highs on NSE in Friday's trade amid weak market sentiment.

Godrej Consumer Products, Kaveri Seed Company, L&T Technology Services, Merck, Piramal Enterprises, Abbott India, Albert David, Atul, Torrent Pharmaceuticals, Whirlpool of India and Zensar Technologies also featured among stocks that touched 52-week highs on NSE today.

Equity market was reflecting cautious sentiment ahead of June quarter GDP numbers.


Weak Asian cues amid a renewed trade war worries, an uptick in global crude oil prices and a fresh fall in the Indian rupee against the US dollar too hit the sentiment.

Bank, oil & gas, financial, auto and metal stocks were among the top drag. However, IT and pharma stocks were witnessing decent rise owing to a fall in rupee's value.

The NSE Nifty index was trading 22.15 points down at 11,654.65, while the BSE Sensex was down 84.53 points at 38,605.57 around 12:45 pm.

Among the 50 stocks in the Nifty index, 29 were in the green and 21 were in the red.

Lupin, Tech Mahindra, Dr. Reddy's Laboratories, HCL Technologies and Bharti Infratel were among the top gainers, while YES Bank, Reliance Industries, Bajaj Finance, Bajaj Finserv and Mahindra & Mahindra were among the top losers in the Nifty pack of stocks.