Today the NSE Nifty50 index opened on a positive note near 11,388.45 from its previous closing of 11,314.00. However, the index failed to continue its early morning gains and plunged to 11,310.75, 3.25 points down. (12:37 PM India IST)
On Nifty50, around 24 stocks had advanced while 26 declined. Despite the early gains the index couldn’t manage to continue trading in green. As a result, over 90 stocks hit their fresh 52-week lows on NSE today.
Among such stocks include Educomp Solutions, Gayatri Highways, Grasim Industries, Hilton Metal Forging, Indiabulls Real Estate, Jet Airways, Lakshmi Vilas Bank, Manpasand Beverages, Mcleod Russel India, NEL Holdings, Parsvnath Developers, Reliance Communications, Shemaroo Entertainment, and Tata Steel long products, etc.
However, some stocks do manage to touch their 52-week highs such as Aavas Financiers, Adhunik Industries, Dixon Technologies, and Whirlpool India, etc.