As many as 198 stocks hit 52-week lows compared with 12 stocks at 52-week highs.
Barring IT and PSU Bank index all the sectoral indices on NSE closed in the red.
Out of 50 stocks in the Nifty index, 18 closed in the green and 32 in the red.
Investors should remain cautious and keep their positions hedged, experts said.
Domestic investors remained cautious ahead of the release of key macro numbers.
Domestic investors remained positive ahead of release of key macro numbers.
This bounce was largely due to the oversold positions and may extend further in the coming week.
Bargain hunting after the recent sell-off arrested losses and kept strong selling pressure at the bay.
Broader BSE Midcap and Smallcap indices underperformed benchmark the BSE Sensex.
Shares of Punjab National Bank broke the losing streak of four sessions and closed 0.13% up.
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