INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Over 50 stocks, including Vardhman Textiles, TD Power Systems, Simplex Infrastructures and S Chand And Company, hit 52-week lows
in Friday's session.
Palash Securities, MEP Infrastructure Developers, Intrasoft Technologies, Insecticides (India), Indo Tech
Transformers, Golden Tobacco, Accelya Kale Solutions, Cochin Shipyard, D.B.Corp and Fiem Industries also featured among stocks that touched
52-week lows on NSE.
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
Shares of Gemini Communication (down 14.29 per cent), Simplex Project (down 10.41 per cent), Signet Industries (down 10.23 per cent) and
Impex Ferro Tech (down 10 per cent) plunged up to 14 per cent on NSE
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
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.
