Home Market Stock market update: 109 stocks hit 52-week lows on NSE

Stock market update: 109 stocks hit 52-week lows on NSE

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NEW DELHI: As many as 109 stocks including Allsec Technologies, Dena Bank, Digjam, Granules India and Indo Count Industries hit fresh 52-week lows on NSE on Friday, even as equity markets stayed in the positive territory.

Benchmark indices Sensex and Nifty extended the rally for the second straight session on Friday, buoyed by gains in bank, energy, financial, auto and teck counters.

Recovering rupee, softening crude prices, across-the-board buying and mixed global cues gave a boost to market sentiment.

The Sensex index closed 262 points, or 0.76 per cent, up at 34,925, while Nifty finished Friday's trade with a gain of 91 points, or 0.87 per cent, at 10,605.

Overall, 24 stocks remained up in the Sensex index, while 7 declined.

In the Nifty index, 41 stocks settled in the green and 9 in the red on Friday.

Barring Nifty IT, all sectors closed with gains on NSE on Friday. Nifty IT slipped due to losses in Mindtree, Tech Mahindra and Tata Consultancy Services.

Bharti Infratel, Tech Mahindra, Coal India, Asian Paints, State Bank of India, ICICI Bank and Tata Consultancy Services remained the top losers in the Nifty index.

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