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Stock marketplace update: fifty three stocks hit 52-week lows on NSE

Cheryl Burke by Cheryl Burke
March 4, 2023
in Stock
0

NEW DELHI: Around 53 shares fell to the touch of their fifty two-week lows on NSE in Friday’s session. Among the stocks that touched their fifty two-week lows were Blue Coast Hotels, Eris Lifesciences, Chromatic India, IMP Powers, Intrasoft Technologies, and Jubilant Life Sciences. Music, Mahanagar Telephone Nigam, Natco PharmaNSE -0.26 %, Sagardeep Alloys, Somi Conveyor Beltings, Sterling Tools, Sterlite TechnologiesNSE 13.21 %, V2 Retail, and Videocon Industries additionally featured among the stocks that touched their fifty two-week lows on NSE.

Stock marketplace update: fifty three stocks hit 52-week lows on NSE 1

Domestic benchmark index NSE Nifty became trading 60.05 points up at 11,717.10 even as the BSE Sensex turned into buying and selling 205.Fifty-four factors up at 39,016.Ninety-three. In the Nifty 50 index, ZEEL, Larsen & Toubro, Eicher Motors, Hero MotoCorp, and Asian Paints were the various pinnacle gainers NSE.
However, ONGC, HUL, Tech Mahindra, NTPC, and Coal India had been many top losers.

NEW DELHI: It turned into a breathless week for Dalal Street as equity benchmarks hit new highs and rallied almost 4 in keeping with cent. BSE Sensex zoomed 1,504 points to 39,434 as of May 24 from 37,930 on May 17, even as NSE’s Nifty gained 437 factors to 11,844. Since the beginning of the week, the bulls had been in the motive force’s seat after go-out polls projected a cozy majority for the BJP-led National Democratic Alliance (NDA). While euphoria over the election results helped Sensex and Nifty move the psychologically vital 40,000 and 12,000 ranges for the primary time on Thursday, the rally fizzled out as traders booked earnings inside the later part of the day. However, buying on the last day of the week helped the indices settle at all-time last highs.

There are expectancies that the landslide victory for the BJP will improve enterprise sentiment and outlook for private investment. Here is a list of pinnacle stocks and sectors that stored buzzing through the week. Stocks that rallied as much as 29% As many as 118 shares on the BSE500 index managed to supply over 10 consistent with cent returns to traders during the week-long gone with the aid. They blanketed Timken India (up 29 in keeping with cent), KEI Industries (27 in step with cent), Reliance Power (27 consistent with cent), Dilip Buildcon (up 25 according to cent), and JK Cements (up 23 in line with cent).

Article Summary show
10 scrips that cracked
Stocks @fresh all-time highs
Scrips at clean lifetime lows
Sectoral update: It’s all green

10 scrips that cracked

Just 10 shares on the BSE500 declined over 5 in step with cent throughout the five classes. Jubilant Life Sciences declined 14 consistent with cent, accompanied by Eris Lifesciences (down 12 according to cent), Procter & Gamble Health (10 percent), Torren Pharma (down 7 according to cent), and Tech Mahindra (down 7 according to cent).

Stocks @fresh all-time highs

Over 25 shares on the BSE500 index hit fresh all-time highs at some stage in the week. The listing included several blue chips consisting of Titan, L&T, Axis Bank, HDFC, ICICI Bank, Kotak Mahindra Bank, and SBI. DCB Bank, DCM Shriram, City Union Bank, Manappuram Finance, and Sunteck Realty additionally scaled new lifetime peaks.

Scrips at clean lifetime lows

On the BSE500 index, the Central Bank of India, The New India Assurance, Vodafone Idea, and Thyrocare Technologies reeled and touched new all-time lows.

Sectoral update: It’s all green

Barring the FMCG (down 1.86 in step with cent) and IT index (down 0.35 consistent with cent) on the BSE, different sectoral indices ended the week in inexperienced. The BSE Capital Goods and Realty indices jumped nearly 11 percent every. Bankex, Telecom, and Power indices rallied over five according to cent every.

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