Stock market update: Over 40 stocks touch 52-week lows on NSE
Equity market turned almost flat in afternoon session, erasing most gains of the morning session.
Kothari Products, ABM International, Accelya Kale Solutions, Gemini Communication, Geojit Financial Services, GIC Housing Finance, Hanung Toys and Textiles, Hubtown, Sanghvi Movers, Signet Industries, Sun TV Network and Videocon Industries also feaatured among stocks that touched 52-week lows on NSE.
Equity market turned almost flat in the afternoon session, erasing most gains of the morning session.
Touching the fresh low, the Indian rupee fell below 72 against the US dollar for the first time today.
The NSE Nifty index was trading 5 points up at 11,482, while the BSE Sensex was up 48 points at 38,066 around 12:35 pm.
Among the 50 stocks in the Nifty index, 24 stocks were in the green and 26 were in the red.
Barring pharma, all sectoral indices were in the red on NSE.
Power Grid Corporation, Tata Steel, UPL, Kotak Mahindra Bank and HPCL were among the top gainers in the Nifty index.
On the other hand, Zee Entertainment Enterprises, Hindalco Industries, Maruti Suzuki India, Axis Bank and ONGC were among the top losers in the Nifty pack of stocks.