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Home Markets

Share market update: These stocks defy weak market sentiment, hit 52-week highs on BSE

by The Editor
July 5, 2018
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Share market update: These stocks defy weak market sentiment, hit 52-week highs on BSE
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NEW DELHI: Shares of Atlas Jewellery India, Bang Overseas and Britannia Industries hit 52-week highs on BSE during Thursday's trade, defying weak market sentiment.

Danlaw Technologies India, Graphite India, HEG, Hindustan Unilever, Kartik Investments Trust, Sindhu Trade Links and Swaraj Automotives also featured among stocks that touched 52-week highs on BSE.

Market sentiment was subdued amid weak Asian cues.

Asian markets were trading lower as investors look for direction amid growing global trade war tensions.

Besides, the unabated slide of Indian rupee too weighed on the sentiment. At the time of writing this report, rupee was trading 7 paise down.

The NSE Nifty index was trading 15 points down at 10,755, while the BSE Sensex was down 43 points at 35,602 around 11:10 am.

In the Nifty index, 21 stocks were in the green, while 29 were in the red.

In the Sensex kitty of stocks, 11 stocks were advancing, whereas 20 stocks were declining.

YES Bank, with a gain of nearly 3 per cent, was leading the pack of Sensex gainers. The scrip got traction after it said it had received final regulatory approval from Sebi to start mutual fund business. This approval is after the Reserve Bank of India's (RBI) approval, it added.

Reliance Industries, ITC and HDFC Bank also featured among the top gainers in the Sensex index.

Original Article

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