INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Over 170 stocks, including Bharti Airtel, Bharti Infratel, Eicher Motors and 8K Miles Software Services, hit 52-week lows on NSE
in Wednesday's session.
Bandhan Bank, HUDCO, Indiabulls Real Estate, ICICI Securities, J.Kumar Infraprojects, Jaiprakash Power Ventures,
Jubilant Industries, Kewal Kiran Clothing, Max Financial Services, Supreme Industries, Tata Communications, TI Financial Holdings, TPL
Plastech, Vakrangee, Walchandnagar Industries and Zuari Global also fetured among stocks that touched 52-week lows on NSE.
Domestic equity
market was radiating bearish sentiment in Wednesday's session amid weak global cues and rupee's fresh fall against the US dollar.
The
Indian rupee Wednesday crashed below the 73-mark against the dollar for the first time ever on strong demand for the American currency from
importers amid rising global oil prices and unabated capital outflows.
Sustained capital outflow, surging crude oil prices and rupee's
poor health weighed on market sentiment.
Moreover, investors remained on the sidelines even as the RBI's monetary policy committee (MPC)
meet began to decide on key rates
The central bank's MPC started its three-day meeting on Wednesday to decide on the fourth bi-monthly monetary policy
The decision of the meet is scheduled to be released on Friday.
The NSE Nifty index was trading 82 points down at 10,927, while the BSE
Sensex was down 242 points at 36,284 around 11:05 am.
Among the 50 stocks in the Nifty index, 17 were trading in the green, while 33 were in
YES Bank, Vedanta, Hindalco Industries, HPCL and Bajaj Finance were among the Nifty gainers.
Eicher Motors, Bharti Infratel, Mahindra
Mahindra, Grasim Industries and Tata Consultancy Services were among the top losers in the Nifty index.
