Market Now: Over 25 stocks defy subdued market mood, hit fresh 52-week highs

image

NEW DELHI: Defying the prevailing subdued market mood, over 25 stocks, including Ashok Leyland, Britannia Industries and Escort hit fresh 52-week highs on NSE during Monday’s trade.

Balkrishna Industries, Indiabulls Ventures, IndusInd BankKotak Mahindra Bank, Nestle India, Pidilite Industries, Sandhar Technologies, SRF and Tech Mahindra also joined the bandwagon of stocks that hit fresh 52-week highs on NSE.

Equity benchmarks opened on a negative note on Monday, with Sensex falling nearly 300 points to crack below the 34,000-mark amid weak Asian cues after a US-led strike on Syrian targets fuelled fresh geopolitical concerns.

However, bourses pared some losses on account of buying in select pharma, FMCG and financial stocks.

The NSE Nifty index was trading 13 points down at 10,468, while the BSE Sensex was down 51 points at 34,141 around 10:50 am (IST).

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

Cipla, Grasim Industries, Lupin, Indiabulls Housing Finance and Tata Consultancy Services were among the top gainers in the Nifty pack.

However, Infosys, Tata Motors, Axis Bank, Vedanta and GAIL were among the top losers in the Nifty index.

Source: Economic Times