INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Even as equity benchmarks were treading higher as BJP was seen getting the clear majority in Karnataka, over 150 stocks hit
52-week lows on NSE, defying the bullish mood of market.
Allahabad Bank, Ambuja Cements, Corporation Bank, GTL Infrastructure, HCC, HDIL,
IDFC Bank, Jubilant Industries, Punjab Sind Bank and Tata Motors featured among the stocks that hit 52-week lows on NSE today.
Equity
markets were in the positive territory, shrugging off mixed global cues and disappointing macroeconomic numbers.
Reversing the declining
trend of three months, retail inflation inched up to 4.58 per cent in April
The Wholesale Price Index (WPI) based inflation too rose to 3.18 per cent in April mainly on account of spike in fuel prices, as per
inflation data released by the government on Monday
However, markets got a boost as BJP was seen getting the clear majority in Karnataka.
The NSE Nifty index was trading 100 points up at
10,906, while the BSE Sensex was up 367 points at 35,923 around 10:50 am.
In the Nifty pack, 35 were stocks were trading with gains, while
15 were suffering losses.
All sectors were in the green on NSE
Nifty Bank, financial, IT and metal indices were trading with gains of over 1 per cent.
Tata Motors and Indian Oil Corporation were the top
losers in the Nifty index.
