Home Market Market Now: Vedanta, ONGC, L&T hit fresh 52-week highs

Market Now: Vedanta, ONGC, L&T hit fresh 52-week highs


NEW DELHI: Over 35 stocks including Vedanta, Oil & Natural Gas Corporation, Escorts, Everest Industries and Larsen & Toubro hit fresh 52-week highs on NSE in Thursday's trade.

Shares of HIL, Hind Syntex, Lux Industries, Minda Industries, NIIT Technologies, Bharat Bijlee, ABB India and Vimta Lab also joined the club of stocks that hit fresh 52-week highs today.

Equity markets reflected bearish temperament ahead of the Futures and Options (F&O) derivative expiry for January series today.

Equity benchmark NSE Nifty50 index was 11 points down at 11,075, while the BSE Sensex was 63 points down at 36,099 around 10:45 am (IST).

Among the 50 stocks in the Nifty50 index, 23 were trading in the green, while 27 were in the red.

PSU bank stocks plunged in trade reacting negatively to the bank recapitalisation plan. Nifty PSU Bank index tanked over 3 per cent.

IT stocks also declined on the back of fresh rise in the rupee against the US dollar.

In the Nifty 50 index, Vedanta, Indiabulls Housing Finance, Hindalco Industries, ICICI Bank and Cipla were among the top gainers.

However, State Bank of India, HCL Technologies, Infosys, Tata Consultancy Services and UPL were among the top losers.

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