BSE Sensex and Nifty 50 were trading down nearly 0.5% on Friday, dragged down by losses in index heavyweights such as ICICI Bank, Reliance Industries, HDFC, TCS and Kotak Mahindra Bank, among others.
BSE Sensex and Nifty 50 were trading down nearly half a percent on Friday, dragged down by losses in index heavyweights such as ICICI Bank, Reliance Industries Ltd (RIL), Housing Development Finance Corporation (HDFC), Tata Consultancy Services (TCS) and Kotak Mahindra Bank among others. So far in trade, the 30-stock index hit a daily low of 58,464.36, while the Nifty 50 dropped 17,500 levels. Despite this, the share price of State Bank of India (SBI) hit a new 52-week high at Rs 546.35 each, surpassing its previous high of Rs 545 each. Although no stock has hit a 52-week low on the S&P BSE Sensex so far on Friday.
In afternoon trading, a total of 150 stocks hit their new 52-week highs on BSE. These include Dwarikesh Sugar Industries, Everest Industries, Pearl Global Industries, Sharda Cropchem, Triveni Engineering & Industries, Balkrishna Paper Mills, Brigade Enterprises, Bombay Dyeing & Mfg. co., DB Realty and Deepak Fertilizers & Petrochemicals Corporation, among others. On the flip side, 4 stocks fell to new 52-week lows on BSE. The stocks were Janus Corporation, Neuland Laboratories, Suvidha Infraestate Corporation and Superior Finlease.
On the NSE, a total of 62 stocks hit new 52-week highs, and five scrips fell to 52-week lows. Some of the renowned names that have reached new heights in 52 weeks include Aakash Exploration Services, Agarwal Industrial Corporation, Arihant Capital Markets, Avadh Sugar & Energy, Balkrishna Paper Mills, Bharat Road Network, DCM Shriram Industries, Dhampur Sugar Mills, Fineotex Chemical, Fine Organic Industries, IL&FS Engineering and Construction Company, Reliance Infrastructure and VRL Logistics, among others.
On the contrary, Gillette India, Kotak Mahindra Mutual Fund – Kotak Midcap 50 ETF – Kotak Midcap 50 ETF, Mirae Asset Mutual Fund – Mirae Asset Nifty India Manufacturing ETF, Shanti Overseas (India) and Uniinfo Telecom Services hit new 52-week stocks low.