Stock market update: Stocks that hit 52-week highs on NSE

Mangalam Global Ent, Navin Fluorine, Power & Instrument, Kalyani Forge and Indo Thai Sec, hit their fresh 52-week highs at 10:55AM.

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Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
NEW DELHI: Shares of Mangalam Global Ent, Navin Fluorine, Power & Instrument, Kalyani Forge and Indo Thai Sec, hit their fresh 52-week highs at 10:55AM(IST)on NSE.

Benchmark NSE Nifty index fell 136.66 points to 23552.3 amid selling in frontline bluechip stocks.

However, stocks such as Palred Technologies, Odigma Consultancy, Dhanlaxmi Bank, Mamata Machinery and Unimech Aerospace, touched their fresh 52-week low.


Overall, 15 shares traded in the green in Nifty50 index, while 35 traded in the red.

In the Nifty 50 index, Britannia, HUL, Bajaj Auto, Nestle India and ITC were among top gainers, while L&T, Tata Motors, ONGC, UltraTech Cem. and Shriram Finance traded in the red.

The BSE Sensex was trading 450.02 points at 77698.47 at 10:55AM(IST).
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Traders were seen piling up positions in General, IT Enabled Services, Services, Auto and Apparels sectors, while selling was visible in Cables, Learning & Education, Defence, Textiles and Metals - Ferrous sectors.

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