INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Asian Paints, Bajaj Finserv, Bajaj Finance, Britannia Industries and Cigniti Technologies featured among the 17 stocks that
touched 52-week highs on NSE on Monday despite weak market sentiment.
Godrej Consumer Products, HDFC, Hindustan Unilever, Infosys, Kotak
Mahindra Bank, Mphasis and Sanofi India too joined the pack of stocks that touched 52-week highs on NSE.
Frontline equity indices Sensex and
Nifty extended losses to the second consecutive session on Monday owing to losses in metal, pharma, auto, bank and energy stocks, while weak
macroeconomic indicators and mixed global cues kept investors' mood subdued
Sensex registered a muted start in the light of tepid Asian cues after an official data showed that China's economy slowed a little in
Moreover, a set of weak macroeconomic numbers eroded market optimism.
Market's risk appetite was dealt a blow after India's trade
deficit widened to its highest in more than five years in June, the trade ministry said on Friday, driven largely by a surge in oil prices
The market mood got further hit as a government data released today showed that the inflation based on wholesale prices shot up to 5.77 per
cent in June on increasing prices of vegetables and fuel items.
Earlier, a government data last week had revealed that the retail inflation
jumped to a 5-month high of 5 per cent in the month of June on rising fuel prices.
Surging inflation may push India's central bank to hike
key rates in its next policy meet in August.
The BSE Sensex tanked 218 points, or 0.60 per cent, to settle at 36,324, with 10 stocks
advancing, 20 declining and one unchanged.
The NSE Nifty finished Monday's session 82 points, or 0.74 per cent, down at 10,937, with 15
stocks in the green and 35 in the red.
Tech Mahindra, NTPC, Infosys, YES Bank, Hindustan Unilever and HDFC closed Monday's session as the
top gainers in the Nifty index.
