Stock market update: Over 75 stocks defy positive market sentiment, hit 52-week lows on NSE

NEW DELHI: Over 75 stocks defied positive market sentiment to hit 52-week lows on NSE during Friday's trade.

Alchemist, Electrosteel Steels, GTL Infrastructure, Intense Technologies, Jubilant Industries, Mangalore Refinery and Petrochemicals, Premier Explosives and Viji Finance appeared among stocks that touched 52-week lows on NSE.

Equity benchmarks were trading up, extending yesterday's rally on robust buying in IT, energy and banking stocks amid unabated purchases by domestic institutional investors.


Asian shares were mixed after US President Donald Trump cancelled a planned meeting with North Korean leader Kim Jong Un.

The NSE Nifty index was trading 57 points up at 10,571, while the BSE Sensex was up 190 points at 34,853 around 11:40 am.

In the Nifty index, 38 stocks were trading with gains, while 12 were suffering losses.

Barring pharma and PSU bank, all sectors were in the green on NSE.

Auto, IT, private bank, financial and metal stocks were among the top gainers in trade.

Hindalco Industries, Bajaj Finserv, Tata Steel, GAIL (India) and Infosys were leading the pack of Nifty gainers.

On the other hand, Vedanta, State Bank of India, Bharti Infratel, ITC and Grasim Industries were among the top losers in the Nifty index.