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The Economic Times

Stock market update: Over 40 stocks hit 52-week lows on NSE

NEW DELHI: Over 40 stocks, including Aarvee Denims & Exports, ABM International, Accelya Kale Solutions and Bombay Rayon Fashions, hit 52-week lows on NSE during Thursday's session.

Cochin Shipyard, D.B.Corp, eClerx Services, Geojit Financial Services, Indo Tech Transformers, Intrasoft Technologies, Simplex Infrastructures, Supreme Petrochem, TD Power Systems, Unitech and Videocon Industries also featured among stocks that touched 52-week lows on NSE.

Equity market sentiment was subdued on the last day of August series of futures and options contracts. Rupee's unabated fall too weighed on the risk appetite of investors.

Weak Asian peers also influenced sentiment at home. Chinese markets fixed firmly on risks from the China-US trade war and taking little comfort from an apparent easing in business tensions in North America and Europe, Reuters reported.

The NSE Nifty index was trading 22 points down at 11,670, while the BSE Sensex was down 59 points at 38,663 around 12 pm.

Among the 50 stocks in the Nifty index, 26 were trading in the green, while 24 were in the red.

Tata Steel, UPL, GAIL (India), ITC and Bharti Airtel were among the top gainers, while Tech Mahindra, HPCL, IndusInd Bank, Kotak Mahindra Bank and YES Bank were among the top losers in the Nifty index.
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