Share market upgrade: Nearly 70 stocks struck 52-week lows on NSE despite favorable market belief

INSUBCONTINENT EXCLUSIVE:
NEW DELHI: As many as 67 stocks, including Bank of India, Century Plyboards (India), Dhunseri Investments and NBCC (India) hit 52-week lows
on NSE on Thursday despite market remained in the positive territory through the day. Rajesh Exports, Tejas Networks, Union Bank of India
and Vedanta also featured among the stocks that touched 52-week lows on NSE. Equity benchmarks Sensex scaled all-time high of 36,699.53 and
Nifty50 topped the psychologically important level of 11,000 on Thursday owing to buying in oil gas, bank, financial and FMCG amid firm
Asian cues
Optimism around healthy corporate earnings, a fall in the global crude oil prices and recovering Indian rupee hemmed up together to keep
the market up. The Sensex closed at a record peak of 36,548, up by 282 points, or 0.78 per cent
As many as 17 stocks remained in the green in the index, compared with 14 stocks that settled in the red. The Nifty finished day's trading
at 11,023, up by 75 points, or 0.68 per cent, with 28 stocks advancing and 22 stocks declining. UPL, Vedanta, Bajaj Auto, Infosys and Grasim
Industries stood as the top losers in the Nifty pack of stocks.