Over 150 stocks, including Tata Motors, Dish TV India, Fiem Industries, Motherson Sumi System and PNB Housing Finance, hit 52-week lows on NSE during Wednesday’s session. Finolex Cables, Gujarat Gas, HSIL, Jet Airways (India), Kalpataru Power Transmission, 8K Miles Software Services, Adhunik Metaliks, APL Apollo Tubes, Atlas Cycles (Haryana), Bigbloc Construction, Central Depository Services (India), Capital Trust and Kothari Products also featured among stocks that hit 52-week lows on National Stock Exchange.
Equity benchmarks Sensex and Nifty were choppy ahead of US Federal Reserve’s policy outcome due later in the day amid mixed global cues. On Thursday Investor sentiment turned cautious on selling by foreign institutional investors ahead of the September month derivatives expiry.
The National Stock Exchange Nifty index was trading 14 points down at 11,053, while the BSE Sensex was down 97 points at 36,555 around 12:30 pm.
Indiabulls Housing Finance, YES Bank, UPL, Titan Company and GAIL (India) were among the top gainers in the Nifty index. Among the 50 stocks in the Nifty index, 24 stocks were advancing, while 26 were declining in trade.
ITC, ONGC, Tata Motors, HCL Technologies and PowerGrid were among the top losers in the Nifty pack of stocks.