NEW DELHI: Over 250 stocks including ACC, Accelya Kale Solutions, Ambuja Cements and Bharti Airtel hit 52-week lows on NSE in Tuesday's trade while the market was trading on a cautious note.
Equity markets pared most gains owing to poor show by select FMCG, financial and technology stocks.
Hindustan Unilever, IndusInd Bank, Kotak Mahindra Bank, HDFC, Bharti Airtel and Infosys were the major drags.Avanti Feeds, Bank of India, BHEL, Capital First, Corporation Bank, Federal Bank, IDFC Bank, Bank of Maharashtra, Manpasand Beverages, NBCC (India), NMDC, Power Grid Corporation of India, PTC India, Reliance Power, Tata Power Company, Union Bank of India and Vedanta also featured among stocks that touched 52-week lows on NSE.The NSE Nifty index was trading 19 points up at 10,956, while the BSE Sensex was up 51 points at 36,375 around 10:55 am.In the Nifty index, 35 stocks were in the green, but 15 were in the red.Among the sectoral indices, Nifty FMCG and IT were in the red, while rest were trading with gains.
HPCL, Indian Oil Corporation, ICICI Bank, Sun Pharma and GAIL (India) were among the top gainers in the Nifty index.On the contrary, Hindustan Unilever, Bharti Airtel, IndusInd Bank, NTPC and Eicher Motors were leading the pack of Nifty losers.